Southern Asia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Southern Asia

The South Asian lamb and sheep meat market dropped to $X in 2023, which is down by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Southern Asia

In value terms, lamb and sheep meat production dropped to $X in 2023 estimated in export price. The total production indicated perceptible growth from 2012 to 2023: its value 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, production increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then reduced in the following year.

The countries with the highest volumes of production in 2023 were India (X tons), Pakistan (X tons) and Afghanistan (X tons), together comprising X% of total production.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average lamb and sheep meat yield was estimated at X kg per head in 2023, stabilizing at 2022. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X%. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure.

In 2023, number of animals slaughtered for lamb and sheep meat production in Southern Asia contracted to X heads, leveling off at the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2020; however, from 2021 to 2023, producing animals remained at a lower figure.

Exports of Lamb and Sheep Meat

Exports in Southern Asia

After eight years of decline, shipments abroad of lamb and sheep meat increased by X% to X tons in 2023. Over the period under review, exports showed a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2023. Overall, exports showed tangible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan was the major exporter of lamb and sheep meat in Southern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by India (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%).

In value terms, Pakistan ($X) emerged as the largest lamb and sheep meat supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Pakistan totaled X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Lamb and Sheep Meat

Imports in Southern Asia

In 2023, the amount of lamb and sheep meat imported in Southern Asia surged to X tons, increasing by X% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import 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 surged to $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Maldives (X tons) and Sri Lanka (X tons) represented the key importers of lamb and sheep meat in Southern Asia, together achieving X% of total imports. It was distantly followed by India (X tons), making up a X% share of total imports. Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamb and sheep meat importing markets in Southern Asia were Maldives ($X), Sri Lanka ($X) and India ($X), together comprising X% of total imports.

Sri Lanka, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2023: its price 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, lamb and sheep meat import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform