We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Canada - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 31, 2023

Lamb and Sheep Meat Price in Canada Grows to $8,204 per Ton

Canada Lamb and Sheep Meat Import Price in February 2023

In February 2023, the lamb and sheep meat price amounted to $8,204 per ton (CIF, Canada), picking up by 2.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $10,832 per ton in July 2022; however, from August 2022 to February 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Australia ($9,696 per ton), while the price for Ireland ($5,665 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.3%), while the prices for the other major suppliers experienced a decline.

COUNTRYImport Price of Lamb and Sheep Meat in Canada (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Australia9,3789,78810,80711,26811,31811,52110,36210,2268,3749,5369,3078,7589,696
New Zealand8,7498,7749,5449,4219,55910,7649,4019,8148,7968,1037,9017,5517,465
Uruguay11,18611,80811,84711,6929,55511,50110,71110,6379,0179,7458,134N/A6,408
Ireland6,6556,2537,4496,6926,3477,4906,6927,5226,8465,9367,5956,7915,665
Average9,0028,9759,98410,17510,16410,8329,7459,8808,3848,6608,4067,9898,204

Canada Lamb and Sheep Meat Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($10,186 per ton), while the price for frozen sheep (excluding lamb) carcasses and half-carcasses ($5,024 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by frozen sheep (including lamb) boneless cuts (+0.3%), while the prices for the other products experienced mixed trend patterns.

Canada Lamb and Sheep Meat Imports

In February 2023, supplies from abroad of lamb and sheep meat decreased by -17.6% to 1.6K tons, falling for the fourth month in a row after three months of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 33% against the previous month.

In value terms, lamb and sheep meat imports reduced rapidly to $13M (IndexBox estimates) in February 2023. Over the period under review, imports showed a mild reduction. The pace of growth appeared the most rapid in April 2022 when imports increased by 46% against the previous month. As a result, imports reached the peak of $31M. From May 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Canada Lamb and Sheep Meat Imports by Type

In February 2023, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (817 tons) constituted the largest type of lamb and sheep meat supplied to Canada, with a 50% share of total imports. Moreover, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exceeded the figures recorded for the second-largest type, fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (405 tons), twofold. The third position in this ranking was held by frozen sheep (including lamb) boneless cuts (254 tons), with a 16% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) totaled -1.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+7.2% per month) and frozen sheep (including lamb) boneless cuts (-4.8% per month).

In value terms, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($5.6M), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($4.1M) and frozen sheep (including lamb) boneless cuts ($2.2M) were the most imported types of lamb and sheep meat in Canada, together accounting for 89% of total imports.

Canada Lamb and Sheep Meat Imports by Country

New Zealand (892 tons), Australia (626 tons) and Ireland (69 tons) were the main suppliers of lamb and sheep meat imports to Canada, with a combined 97% share of total imports.

From February 2022 to February 2023, the biggest increases were in New Zealand (with a CAGR of +1.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest lamb and sheep meat suppliers to Canada were New Zealand ($6.7M), Australia ($6.1M) and Ireland ($392K), together comprising 98% of total imports.

New Zealand, with a CAGR of +0.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

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

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • 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. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. 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, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

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

  9. 9. EXPORTS

    The Largest Destinations for Exports

    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. 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 In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

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

Recommended posts

Free Data: Lamb and Sheep Meat - Canada
Table
Lamb and Sheep Meat - Canada - Table
Dashboard
Lamb and Sheep Meat - Canada - Dashboard
Report
Lamb and Sheep Meat - Canada - Report