Global Goat Snapshot released by Meat and Livestock Australia (MLA)

Published Jun 6, 2024

Tridge summary

In 2023, Australian goat production hit a record high, significantly increasing from a 20-year low in 2020, with the number of processed animals doubling in just three years. Despite this, goatmeat prices fell due to increased supply. Australia emerged as the world's leading goatmeat exporter, with the US, China Mainland, and South Korea being its primary markets. The Goat Trail campaign was launched domestically by MLA in 2024 to boost awareness and accessibility of goatmeat in Sydney. Additionally, affordable prices led to an increase in demand for Australian goatmeat in the Caribbean, and a rebound in live goat exports, primarily to Malaysia and China.

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

Original content

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, achieving 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 combination of factors saw reduced prices in 2023. Australian exports In a global context, Australia shines as the world's leading goatmeat exporter. In 2023, Australia exported the second highest volume of goatmeat since record began, with only 2,000 tonnes shipped weight (swt) below the records set in 2014. The more competitive prices supported the export volume, although it affected the total value perceived in 2023, decreasing it by 10% compared to the record-high year 2022. The US remains the largest market for Australian goatmeat, with ...

Source: EuroMeat