
Australia - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Lamb and Sheep Meat Export Revenue Drops 8% to $3B in 2023
Australia Lamb and Sheep Meat Exports
In 2023, exports of lamb and sheep meat from Australia skyrocketed to 574K tons, rising by 25% on 2022. The total export volume increased at an average annual rate of +3.3% over the period from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, lamb and sheep meat exports shrank to $3B (IndexBox estimates) in 2023. Over the period under review, total exports indicated a tangible increase from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 28%. The exports peaked at $3.2B in 2022, and then reduced in the following year.
COUNTRY | Export Value of Lamb and Sheep Meat in Australia (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 372 | 385 | 187 | 179 | 361 | 507 | 843 | 661 | 826 | 671 | 732 |
United States | 367 | 485 | 520 | 506 | 589 | 615 | 615 | 612 | 884 | 934 | 697 |
United Arab Emirates | 128 | 162 | 145 | 151 | 167 | 177 | 165 | 144 | 143 | 166 | 180 |
South Korea | 19.2 | 32.2 | 38.2 | 55.0 | 88.8 | 112 | 102 | 115 | 135 | 215 | 179 |
Malaysia | 73.9 | 112 | 92.5 | 92.1 | 109 | 118 | 125 | 134 | 167 | 195 | 127 |
Japan | 80.1 | 110 | 74.5 | 81.3 | 93.6 | 110 | 107 | 103 | 105 | 136 | 101 |
Saudi Arabia | 65.0 | 108 | 94.2 | 76.4 | 95.7 | 83.2 | 75.6 | 62.7 | 69.3 | 84.9 | 97.6 |
Others | 771 | 921 | 752 | 681 | 825 | 947 | 806 | 708 | 720 | 807 | 844 |
Total | 1,877 | 2,316 | 1,904 | 1,822 | 2,329 | 2,669 | 2,839 | 2,539 | 3,049 | 3,209 | 2,958 |
Exports by Country
China (197K tons) was the main destination for lamb and sheep meat exports from Australia, accounting for a 34% share of total exports. Moreover, lamb and sheep meat exports to China exceeded the volume sent to the second major destination, the United States (80K tons), twofold. The third position in this ranking was held by Malaysia (32K tons), with a 5.5% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.6% per year) and Malaysia (+5.3% per year).
In value terms, the largest markets for lamb and sheep meat exported from Australia were China ($732M), the United States ($697M) and the United Arab Emirates ($180M), together comprising 54% of total exports. South Korea, Malaysia, Japan and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.
In terms of the main countries of destination, South Korea, with a CAGR of +25.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (327K tons) was the largest type of lamb and sheep meat exported from Australia, accounting for a 57% share of total exports. Moreover, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exceeded the volume of the second product type, frozen sheep (including lamb) boneless cuts (89K tons), fourfold. The third position in this ranking was held by fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (67K tons), with a 12% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exports totaled +3.6%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen sheep (including lamb) boneless cuts (+4.6% per year) and fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+3.2% per year).
In value terms, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($1.3B) remains the largest type of lamb and sheep meat exported from Australia, comprising 44% of total exports. The second position in the ranking was held by fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($641M), with a 22% share of total exports. It was followed by frozen sheep (including lamb) boneless cuts, with a 16% share.
From 2013 to 2023, the average annual growth rate of the value of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exports totaled +5.0%. With regard to the other exported products, the following average annual rates of growth were recorded: fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+5.3% per year) and frozen sheep (including lamb) boneless cuts (+5.5% per year).
Export Prices by Country
In 2023, the lamb and sheep meat price amounted to $5,151 per ton (FOB, Australia), which is down by -26.4% against the previous year. Overall, export price indicated slight growth from 2013 to 2023: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The export price peaked at $6,998 per ton in 2022, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,732 per ton), while the average price for exports to Papua New Guinea ($3,131 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for lamb and sheep meat in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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 THE 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 EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- 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 Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024