Overview of the Market for Sheep And Goat Meat in Chile
In value terms, sheep and goat meat production contracted modestly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2012 to 2019, production growth remained at a somewhat lower figure.
The average yield of sheep and goat meat in Chile fell modestly to kg per head in 2019, approximately equating the year before. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by % against the previous year. As a result, the yield reached the peak level of kg per head, leveling off in the following year.
The number of animals slaughtered for sheep and goat meat production in Chile declined to heads in 2019, waning by -% on 2018. Over the period under review, the number of producing animals continues to indicate a slight setback. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by % year-to-year. The number of animals slaughtered for sheep and goat meat production peaked at heads in 2008; however, from 2009 to 2019, producing animals failed to regain the momentum.
The size of the sheep and goat meat market in Chile dropped to $ in 2019, shrinking 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). Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.
From 2007 to 2019, the most notable rate of growth in terms of sheep and goat meat consumption, amongst the main consumed products, was attained by goat meat.
In value terms, goat meat ($) led the market, alone. The second position in the ranking was occupied by lamb and sheep meat ($).
From 2007 to 2019, the average annual growth rate of the market volume of goat meat amounted to +%.