Goat Meat Market Overview in Thailand
In value terms, goat meat production rose to $ in 2019 estimated in export prices. In general, production showed a mild downturn. The most prominent rate of growth was recorded in 2012 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
In 2019, the average goat meat yield in Thailand amounted to kg per head, flattening at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. Over the period under review, the goat meat yield hit record highs at kg per head in 2007; afterwards, it flattened through to 2019.
In 2019, the number of animals slaughtered for goat meat production in Thailand expanded modestly to heads, surging by % compared with 2018 figures. This number increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when the number of producing animals increased by % against the previous year. The global producing animals peaked in 2019 and is likely to see gradual growth in the immediate term.
The revenue of the goat meat market in Thailand contracted to $ in 2019, remaining constant 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 pronounced shrinkage. The pace of growth appeared the most rapid in 2012 when the market value increased by % year-to-year. Thailand consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.