Colombia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Colombia

The Colombian lamb and sheep meat market amounted to less than $X in 2023, almost unchanged from the previous year. Overall, consumption showed a significant increase. Lamb and sheep meat consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Colombia

In value terms, lamb and sheep meat production contracted markedly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The growth pace was the most rapid in 2019 when the production volume increased by X%. Lamb and sheep meat production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of lamb and sheep meat in Colombia dropped slightly to X kg per head, almost unchanged from the year before. In general, the yield, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The lamb and sheep meat yield peaked at X kg per head in 2017; however, from 2018 to 2023, the yield remained at a lower figure.

In 2023, approx. X heads of animals slaughtered for lamb and sheep meat production in Colombia; remaining constant against 2022 figures. Over the period under review, the number of producing animals recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; however, from 2013 to 2023, producing animals remained at a lower figure.

Exports of Lamb and Sheep Meat

Exports from Colombia

In 2018, lamb and sheep meat exports from Colombia rose rapidly to X tons, increasing by X% compared with 2017. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports expanded significantly to $X in 2018. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Curacao (X tons) was the main destination for lamb and sheep meat exports from Colombia, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Curacao amounted to X%.

In value terms, Curacao ($X) also remains the key foreign market for lamb and sheep meat exports from Colombia.

From 2012 to 2018, the average annual rate of growth in terms of value to Curacao amounted to X%.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2018, surging by X% against the previous year. Overall, the export price, however, showed a mild contraction. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2018, the export prices stood at a somewhat lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for Curacao amounted to X% per year.

Imports of Lamb and Sheep Meat

Imports into Colombia

In 2023, overseas purchases of lamb and sheep meat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed measured growth. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, lamb and sheep meat imports surged to $X in 2023. Over the period under review, imports, however, recorded a noticeable descent. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Australia (X tons) was the main supplier of lamb and sheep meat to Colombia, accounting for a X% share of total imports. It was followed by Argentina (X tons), with a X% share of total imports. Chile (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to Colombia, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform