Global Goat Meat Market Overview
In value terms, goat meat production totaled $23.1B in 2010 estimated in export prices. In general, the total output indicated strong growth from 2007 to 2010: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, goat meat production increased by +60.2% against 2007 indices. The most prominent rate of growth was recorded in 2009 when production volume increased by 20% y-o-y. Over the period under review, global goat meat production attained its maximum level in 2010 and is likely to see steady growth in the near future.
China (1.9M tonnes) constituted the country with the largest volume of goat meat production, comprising approx. 37% of total production. Moreover, goat meat production in China exceeded the figures recorded by the world's second-largest producer, India (522K tonnes), fourfold. The third position in this ranking was occupied by Nigeria (288K tonnes), with a 5.6% share.
From 2007 to 2010, the average annual growth rate of volume in China amounted to +4.1%. The remaining producing countries recorded the following average annual rates of production growth: India (-0.7% per year) and Nigeria (+2.1% per year).
In 2010, the global average goat meat yield totaled 12 kg per head, remaining stable against the previous year. Over the period under review, the goat meat yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when yield increased by 0.2% y-o-y. Over the period under review, the average goat meat yield reached its maximum level at 12 kg per head in 2008; afterwards, it flattened through to 2010.
In 2010, approx. 425M heads of animals slaughtered for goat meat production worldwide; going up by 2.9% against the previous year. This number increased at an average annual rate of +2.7% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2009 when the number of producing animals increased by 3% against the previous year. The global number of animals slaughtered for goat meat production peaked in 2010 and is expected to retain its growth in the near future.