Scandinavia: Goat Meat Market 2024

Goat Meat Market Size in Scandinavia

The Scandinavia goat meat market contracted to $X in 2022, which is down by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Goat Meat Production in Scandinavia

In value terms, goat meat production fell remarkably to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Norway (X tons) remains the largest goat meat producing country in Scandinavia, comprising approx. X% of total volume. Moreover, goat meat production in Norway exceeded the figures recorded by the second-largest producer, Finland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Norway stood at X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Sweden (X% per year).

The average goat meat yield declined modestly to X kg per head in 2022, remaining relatively unchanged against 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the goat meat yield remained at a lower figure.

In 2022, the number of animals slaughtered for goat meat production in Scandinavia expanded to X heads, picking up by X% against the previous year. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of producing animals peaked at X heads in 2018; however, from 2019 to 2022, producing animals failed to regain momentum.

Goat Meat Exports

Exports in Scandinavia

In 2022, overseas shipments of goat meat increased by X% to X kg, rising for the second year in a row after two years of decline. In general, exports enjoyed a prominent expansion. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat meat exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X kg) was the main exporter of goat meat in Scandinavia, making up X% of total export.

Sweden was also the fastest-growing in terms of the goat meat exports, with a CAGR of X% from 2015 to 2022. While the share of Sweden (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest goat meat supplier in Scandinavia.

In Sweden, goat meat exports shrank by an average annual rate of X% over the period from 2015-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2015 to 2022, the rate of growth in terms of prices for Sweden amounted to X% per year.

Goat Meat Imports

Imports in Scandinavia

Goat meat imports fell slightly to X tons in 2022, shrinking by X% compared with 2021. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, goat meat imports expanded markedly to $X in 2022. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Sweden (X tons) was the main importer of goat meat, constituting X% of total imports. It was distantly followed by Finland (X tons), constituting a X% share of total imports. Norway (X kg) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Sweden (X p.p.) and Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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