Overview of the Market for Sheep And Goat Meat in Guyana
In value terms, sheep and goat meat production expanded markedly to $ in 2019 estimated in export prices. Overall, production continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
The average yield of sheep and goat meat in Guyana stood at kg per head in 2019, almost unchanged from 2018. In general, the yield showed a relatively flat trend pattern. The sheep and goat meat yield peaked at kg per head in 2007; afterwards, it flattened through to 2019.
In 2019, approx. heads of animals slaughtered for sheep and goat meat production in Guyana; remaining relatively unchanged against the previous year's figure. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the number of producing animals increased by % year-to-year. As a result, the number of producing animals reached the peak level of heads. From 2013 to 2019, the growth of this number remained at a lower figure.
The size of the sheep and goat meat market in Guyana amounted to $ in 2019, with an increase of % 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). Over the period under review, consumption continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. Sheep and goat meat consumption peaked at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
From 2007 to 2019, the average annual growth rate of the volume of consumption of lamb and sheep meat was relatively modest.
In value terms, the most traded types of sheep and goat meat in Guyana were lamb and sheep meat ($) and goat meat ($).
In terms of the main consumed products, goat meat recorded the highest growth rate of market size, over the period under review.