Scandinavia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Scandinavia

The Scandinavia lamb and sheep meat market surged to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Scandinavia

In value terms, lamb and sheep meat production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

The country with the largest volume of lamb and sheep meat production was Norway (X tons), accounting for X% of total volume. Moreover, lamb and sheep meat production in Norway exceeded the figures recorded by the second-largest producer, Sweden (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume in Norway was relatively modest. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Finland (X% per year).

The average lamb and sheep meat yield totaled X kg per head in 2023, almost unchanged from 2022. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X%. Over the period under review, the lamb and sheep meat yield attained the peak level 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 Scandinavia; approximately reflecting the previous year. Overall, the number of producing animals showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2018; however, from 2019 to 2023, producing animals failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports in Scandinavia

In 2023, approx. X tons of lamb and sheep meat were exported in Scandinavia; therefore, remained relatively stable against 2022. Total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, lamb and sheep meat exports soared to $X in 2023. Overall, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Sweden (X tons) was the largest exporter of lamb and sheep meat, constituting X% of total exports. Norway (X tons) held the second position in the ranking, distantly followed by Finland (X tons). All these countries together held near X% share of total exports.

Exports from Sweden increased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Norway and Sweden increased by X and X percentage points, respectively.

In value terms, Sweden ($X) remains the largest lamb and sheep meat supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden stood at X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Imports of Lamb and Sheep Meat

Imports in Scandinavia

In 2023, overseas purchases of lamb and sheep meat increased by X% to X tons, rising for the second consecutive year after eight years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lamb and sheep meat imports expanded sharply to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

Imports by Country

Sweden dominates imports structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Finland (X tons) and Norway (X tons), together constituting an X% share of total imports.

Sweden was also the fastest-growing in terms of the lamb and sheep meat imports, with a CAGR of X% from 2012 to 2023. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Finland (X p.p.) and Norway (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported lamb and sheep meat in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, lamb and sheep meat imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform