Romania: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Romania

In 2023, after four years of growth, there was significant decline in the Romanian lamb and sheep meat market, when its value decreased by X% to $X. Overall, consumption recorded a perceptible downturn. Lamb and sheep meat consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in Romania

In value terms, lamb and sheep meat production contracted to $X in 2023 estimated in export price. Over the period under review, production recorded a mild reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

In 2023, the average lamb and sheep meat yield in Romania contracted slightly to X kg per head, flattening at 2022 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2017 to 2023, the growth of the average lamb and sheep meat yield failed to regain momentum.

In 2023, number of animals slaughtered for lamb and sheep meat production in Romania declined modestly to X heads, waning by X% on 2022. Over the period under review, the number of producing animals continues to indicate a slight slump. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, this number attained the peak level at X heads in 2014; however, from 2015 to 2023, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Romania

In 2023, shipments abroad of lamb and sheep meat was finally on the rise to reach X tons after three years of decline. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2023. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for lamb and sheep meat exports from Romania, with a X% share of total exports. Moreover, lamb and sheep meat exports to Greece exceeded the volume sent to the second major destination, Italy (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, Greece ($X), Italy ($X) and the Netherlands ($X) constituted the largest markets for lamb and sheep meat exported from Romania worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average lamb and sheep meat export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Romania

For the fourth year in a row, Romania recorded growth in supplies from abroad of lamb and sheep meat, which increased by X% to X tons in 2023. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, lamb and sheep meat imports expanded notably to $X in 2023. In general, imports recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Greece (X tons) and the Netherlands (X tons) were the main suppliers of lamb and sheep meat imports to Romania, together accounting for X% of total imports. Ireland, Italy, the UK, Bulgaria, Belgium, Hungary and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Greece ($X) constituted the largest lamb and sheep meat suppliers to Romania, together comprising X% of total imports. Ireland, Italy, Bulgaria, Belgium, the UK, Germany and Hungary lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average lamb and sheep meat import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($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 more modest paces of growth.

Source: IndexBox Platform