2024 Global Goat Snapshot released

Published Jun 21, 2024

Tridge summary

The 2024 Global Goat Snapshot by MLA highlights Australia's leading role in the global goatmeat market as the world's leading exporter. In 2023, Australian goat production hit a record high, and the United States and China Mainland were the largest markets for Australian goatmeat. The domestic market also presented significant opportunities, with the Goat Trail campaign aimed at raising awareness. Competitive pricing contributed to increased export volume but decreased total value. Demand for Australian goatmeat in South Korea, Taiwan, and China Mainland surged, driven by health consciousness and the elimination of tariffs, respectively. Affordable prices also boosted demand from the Caribbean. Australia's live goat exports also saw a rebound in 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MLA has released the eagerly awaited 2024 Global Goat Snapshot, providing a comprehensive analysis of Australia's leading role in the global goatmeat market. The snapshot delves into the intricacies of supply and demand, offering a meticulous overview of essential aspects such as domestic production, supply volumes, pricing, export figures, and market access conditions. It also provides an exhaustive analysis of Australia's top goat markets with updated insights on trends that underpin current demand and future opportunities. Key highlights Australian production and supply Australian goat production set a new record-high year in 2023. After a 20-year low in 2020, goatmeat production and the number of animals processed more than doubled in three years to achieve the highest production volume ever recorded in Australia. Sustained favourable conditions triggered an expansion in the flock size, increasing supply volumes. Goatmeat had enjoyed record-high prices since mid-2019, but a ...

Source: Mla