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Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights

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Jul 30, 2021

Australian Sheep Meat Exporters Struggle with the Pandemic while Shipments from New Zealand Keep Solid

IndexBox has just published a new report: 'Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Lamb and sheep meat exports in Asia-Pacific dropped -6.5% to 853K tons in 2020. This was shaped by a tangible contraction in Australian supplies, partially offset by rising shipments from New Zealand. Australian lamb exports were hampered by lower demand in China and other destinations affected by the pandemic. China, the U.S. and Malaysia remain key foreign markets for Australian lamb exporters. Suppliers from New Zealand also focus on the Chinese and American markets, with the UK being among the top three destinations.

Lamb and Sheep Meat Exports in Asia-Pacific

In 2020, after three years of growth, there was a significant decline in shipments abroad of lamb and sheep meat, when their volume decreased by -6.5% to 853K tons. The export volume peaked at 912K tons in 2019 and then fell in the last year. In value terms, lamb and sheep meat exports amounted to $5.2B (IndexBox estimates) in 2020.

Exports by Country

In 2020, Australia (434K tons) and New Zealand (401K tons) were the major exporters of lamb and sheep meat in Asia-Pacific, mixing up 98% of total export. The decline in total export figures was due to lower Australian supplies, which decreased by -12% y-o-y. This decrease was shaped by lower shipments to China and other countries where the pandemic hampered the foodservice sector. New Zealand exporters managed to increase their shipments by +2.5% last year.

In value terms, the largest lamb and sheep meat supplying countries in Asia-Pacific were Australia ($2.5B) and New Zealand ($2.5B), together accounting for 98% of total exports.

Lamb and Sheep Meat Export Prices by Country

The lamb and sheep meat export price in Asia-Pacific stood at $6,079 per ton in 2020, remaining relatively unchanged against the previous year. Over the last eight years, it increased at an average annual rate of +1.1%. The most prominent growth rate was recorded in 2017, an increase of 18% against the previous year. Over the period under review, export prices attained the maximum at $6,131 per ton in 2019 and fell slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was New Zealand ($6,317 per ton), while the average price for Australian lamb and sheep meat amounted to $5,849 per ton.

Major Markets for Lamb and Sheep Meat Exports from Australia

China (150K tons), the U.S. (76K tons) and Malaysia (26K tons) were the main destinations of lamb and sheep meat exports from Australia, with a combined 58% share of total exports. The United Arab Emirates, Qatar, South Korea, Japan, Singapore, Papua New Guinea, Saudi Arabia, Canada and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2020, the biggest increases were in South Korea (with a CAGR of +20.3% from 2012-2020), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($661M), the U.S. ($614M) and the United Arab Emirates ($143M) appeared to be the largest markets for lamb and sheep meat exported from Australia worldwide, together accounting for 56% of total exports. Malaysia, Qatar, South Korea, Japan, Canada, Singapore, Saudi Arabia, the UK and Papua New Guinea lagged somewhat behind, together accounting for a further 32%.

Major Markets for Lamb and Sheep Meat Exports from New Zealand

China (216K tons) was the main destination for lamb and sheep meat exports from New Zealand, accounting for 54% of total exports. Moreover, lamb and sheep meat exports to China exceeded the volume sent to the second major destination, the UK (40K tons), fivefold. The U.S. (23K tons) ranked third in total exports with a 5.7% share.

From 2012 to 2020, the average annual growth rate in terms of volume to China stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.6% per year) and the U.S. (+1.3% per year).

In value terms, China ($1.1B) remains the key foreign market for lamb and sheep meat exports from New Zealand, comprising 42% of total exports. The second position in the ranking was occupied by the UK ($274M), with an 11% share of total exports. It was followed by the U.S., with an 8.6% share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for lamb and sheep meat in Asia-Pacific. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia-Pacific, split by region and country
  • Trade (exports and imports) in Asia-Pacific
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Australia
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cook Islands
    • Fiji
    • French Polynesia
    • India
    • Indonesia
    • Japan
    • Kiribati
    • Malaysia
    • Maldives
    • Marshall Islands
    • Micronesia
    • Myanmar
    • Nepal
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Pakistan
    • Palau
    • Papua New Guinea
    • Philippines
    • Samoa
    • Singapore
    • Solomon Islands
    • South Korea
    • Sri Lanka
    • Taiwan (Chinese)
    • Thailand
    • Timor-Leste
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Vietnam
    • Wallis and Futuna Islands
    • Lao People's Democratic Republic
    • American Samoa
    • Democratic People's Republic of Korea
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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