Goat meat market in South-eastern Asia

Earlier Report Observations

The market for goat meat in South-eastern Asia experienced fluctuations in volume between 2018 and 2023. Starting at 139.6 thousand tonnes in 2018, it rose to 144.0 thousand tonnes the following year before contracting to around 131 thousand tonnes in 2020 and 2021. A recovery followed, with the market reaching 145.8 thousand tonnes by 2023.

By 2024, the market landscape was shaped by several developments. Expansion of breeding programs added millions of animals to national herds, aiming to stabilize supply. The growing presence of restaurants and fast-food chains introducing goat meat dishes, alongside a consumer preference for fresh chilled meat, supported household and foodservice demand. Investments in cold storage and refrigeration infrastructure also progressed, facilitating frozen meat exports driven by halal consumption trends, particularly to Middle Eastern markets.

Production goat meat in South-eastern Asia

In kind, 2017-2020, K t

Top producers of goat meat, 2017-2020

World map of production of goat meat, 2017-2020

In 2020, South-eastern Asia produced 131.4 thousand tons of goat meat, representing an 8.8% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 39.3%, which translates to an annualized decline of 15.3%. The most significant drop occurred in 2018 at 35.6%, while 2019 saw a modest increase of 3.3%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

Exports goat meat from South-eastern Asia

Exports in kind, t

South-eastern Asia's goat meat export volume grew for the third consecutive year. In 2020, exports reached 405.6 tons, showing a substantial increase of 33.2% compared to the previous year. Between 2017 and 2020, exports surged by 61 364.8%, equating to an annualized growth rate of 750.2%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, China served as the primary market for exports in kind, accounting for 52.1% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Exported goat meat volumes from South-eastern Asia increased for the third year in a row. In 2020, South-eastern Asia exported 2 226 thousand US dollars worth of goat meat, marking a rise of 32.3% compared to the previous year. Between 2017 and 2020, exports grew by 79 017.4%, representing an annualized rate of 824.9%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, K $ US

During 2017–2020, China remained the dominant and most stable destination for exports in value terms, accounting for 62.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports goat meat to South-eastern Asia

Imports in kind, t

The market exhibited volatility over the observed period. Volumes peaked in 2020 and hit their lowest point in 2018, representing a 2.3-fold shift. In 2020, goat meat volumes in South-eastern Asia amounted to 609.5 tons, up by 103.0% compared with 2019. The minimum value was recorded in 2018 at 263.9 tons, with the largest decline that year at 49.9%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Australia (61.1% of imports in kind), Argentina (12.6% of imports in kind), and the Netherlands (9.1% of imports in kind) emerged as the main sources for imports in kind, collectively representing 82.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

Volatility defined the market behavior during these years. The highest value was registered in 2017, while the lowest occurred in 2019, with a peak-to-trough ratio of 2 times. In 2020, foreign goat meat supplies to South-eastern Asia totaled 2 683 thousand US dollars, marking a sharp increase of 91.9% year-over-year. The minimum value was recorded in 2019 at 1 398 thousand US dollars, with the largest decline in 2018 at 46.7%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, K $ US

Throughout 2017–2020, the country structure of imports in value terms was dominated by Australia and Argentina, which together accounted for 81.1% of total flows; other markets contributed to a long tail.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020