Overview of the Global Market for Lamb and Sheep Meat

Market Size for Lamb and Sheep Meat

In 2022, the global lamb and sheep meat market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Lamb and Sheep Meat

In value terms, lamb and sheep meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of lamb and sheep meat production was China (X tons), accounting for X% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (X tons), fourfold. The third position in this ranking was held by New Zealand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and New Zealand (X% per year).

The global average lamb and sheep meat yield amounted to X kg per head in 2022, approximately mirroring the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for lamb and sheep meat production worldwide fell to X heads, therefore, remained relatively stable against the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by X% against the previous year. The global producing animals peaked at X heads in 2021, and then shrank in the following year.

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Exports of Lamb and Sheep Meat

Exports

In 2022, approx. X tons of lamb and sheep meat were exported worldwide; increasing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lamb and sheep meat exports expanded slightly to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Australia (X tons) and New Zealand (X tons) represented roughly X% of total exports in 2022. The UK (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ireland (X%). The following exporters - France (X tons), Spain (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Ireland, France, the Netherlands and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lamb and sheep meat export price amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports

In 2022, the amount of lamb and sheep meat imported worldwide stood at X tons, rising by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, lamb and sheep meat imports rose rapidly to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China was the largest importing country with an import of around X tons, which amounted to X% of total imports. The United States (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%). The UK (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Germany (X tons), the Netherlands (X tons), Canada (X tons), Italy (X tons), South Korea (X tons), Qatar (X tons) and Japan (X tons) held a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), the United States (X%), Malaysia (X%), the Netherlands (X%), Canada (X%), Japan (X%), Germany (X%), the United Arab Emirates (X%) and Qatar (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Italy and France experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. China (X p.p.) and the United States (X p.p.) significantly strengthened its position in terms of the global imports, while France and the UK saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Germany, the UK, the Netherlands, the United Arab Emirates, Malaysia, Canada, South Korea, Japan, Italy and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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