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Saudi Arabia - Lamb and Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSaudi Arabia: Market for Lamb and Sheep Meat 2024
Market Size for Lamb and Sheep Meat in Saudi Arabia
In 2023, the Saudi lamb and sheep meat market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption showed noticeable growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Production of Lamb and Sheep Meat in Saudi Arabia
In value terms, lamb and sheep meat production amounted to $X in 2023 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Lamb and sheep meat production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
The average yield of lamb and sheep meat in Saudi Arabia dropped slightly to X kg per head in 2023, standing approx. at the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. The lamb and sheep meat yield peaked at X kg per head in 2022, and then declined in the following year.
In 2023, number of animals slaughtered for lamb and sheep meat production in Saudi Arabia surged to X heads, picking up by X% compared with 2022 figures. Over the period under review, the number of producing animals enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2020; however, from 2021 to 2023, producing animals failed to regain momentum.
Exports of Lamb and Sheep Meat
Exports from Saudi Arabia
For the fifth consecutive year, Saudi Arabia recorded decline in overseas shipments of lamb and sheep meat, which decreased by X% to X tons in 2023. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
In value terms, lamb and sheep meat exports totaled $X in 2023. Over the period under review, exports saw a dramatic decrease. 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 2012; however, from 2013 to 2023, the exports remained at a lower figure.
Exports by Country
Yemen (X tons) was the main destination for lamb and sheep meat exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, lamb and sheep meat exports to Yemen exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. The third position in this ranking was held by Bahrain (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Bahrain (X% per year).
It was followed by Bahrain, with an X% share.
From 2012 to 2023, the average annual growth rate of value to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Bahrain (X% per year).
Export Prices by Country
In 2023, the average lamb and sheep meat export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price enjoyed modest growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to the United Arab Emirates ($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 Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lamb and Sheep Meat
Imports into Saudi Arabia
In 2023, approx. X tons of lamb and sheep meat were imported into Saudi Arabia; approximately mirroring 2022 figures. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.
In value terms, lamb and sheep meat imports stood at $X in 2023. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.
Imports by Country
Australia (X tons), New Zealand (X tons) and Spain (X tons) were the main suppliers of lamb and sheep meat imports to Saudi Arabia, together comprising X% of total imports.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.
In value terms, Australia ($X), New Zealand ($X) and Spain ($X) appeared to be the largest lamb and sheep meat suppliers to Saudi Arabia, together comprising X% of total imports.
Among the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Import Prices by Country
The average lamb and sheep meat import price stood at $X per ton in 2023, approximately reflecting the previous year. Overall, the import price enjoyed a modest expansion. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for India ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for lamb and sheep meat in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 977 - Meat of sheep
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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