Goat Meat Market Overview in China
In value terms, goat meat production expanded notably to $ in 2019 estimated in export prices. Overall, production saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of % y-o-y. Over the period under review, production reached the maximum level in 2019 and is likely to see gradual growth in years to come.
In 2019, the average goat meat yield in China reached kg per head, almost unchanged from the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by % y-o-y. As a result, the yield reached the peak level of kg per head; afterwards, it flattened through to 2019.
The number of animals slaughtered for goat meat production in China was estimated at heads in 2019, surging by % compared with the year before. This number increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of % y-o-y. The global producing animals peaked at heads in 2016; however, from 2017 to 2019, producing animals failed to regain the momentum.
The size of the goat meat market in China expanded sharply to $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a resilient expansion. The growth pace was the most rapid in 2013 when the market value increased by % y-o-y. China consumption peaked in 2019 and is likely to see steady growth in the immediate term.