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U.S. - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights

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Oct 4, 2022

Lamb and Sheep Meat Price in America Falls 7% to $10,654 per Ton

U.S. Lamb and Sheep Meat Import Price per Ton July 2022

In July 2022, the lamb and sheep meat price per ton stood at $10,654, falling by -6.5% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in March 2022 an increase of 18% m-o-m. Over the period under review, average import prices reached the peak figure at $11,561 per ton in April 2022; however, from May 2022 to July 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($13,867 per ton), while the price for Chile ($6,930 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Lamb and Sheep Meat Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($15,794 per ton), while the price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasses ($1,102 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+4.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Lamb and Sheep Meat Imports

In July 2022, approximately 13K tons of lamb and sheep meat were imported into the United States; with an increase of 13% on the month before. Overall, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in March 2022 when imports increased by 51% against the previous month. As a result, imports reached the peak of 14K tons. From April 2022 to July 2022, the growth of imports remained at a lower figure.

In value terms, lamb and sheep meat imports rose markedly to $135M (IndexBox estimates) in July 2022. In general, total imports indicated a mild increase from January 2022 to July 2022: its value increased at an average monthly rate of +1.9% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports decreased by -11.0% against March 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 79% m-o-m. As a result, imports reached the peak of $151M. From April 2022 to July 2022, the growth of imports remained at a lower figure.

U.S. Lamb and Sheep Meat Imports by Type

Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (3.9K tons), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (2.9K tons) and frozen sheep (including lamb) boneless cuts (2.4K tons) were the main products of lamb and sheep meat imports to the United States, together comprising 73% of total imports. These products were followed by frozen sheep (excluding lamb) carcasses and half-carcasses, fresh or chilled sheep (including lamb) boneless cuts, frozen lamb carcasses and half-carcasses, fresh or chilled lamb carcasses and half-carcasses and fresh or chilled sheep (excluding lamb) carcasses and half-carcasses, which together accounted for a further 27%.

From January 2022 to July 2022, the biggest increases were in fresh or chilled lamb carcasses and half-carcasses (with a CAGR of +38.7%), while purchases for the other products experienced more modest paces of growth.

In value terms, the most traded types of lamb and sheep meat in the United States were frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($45M), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($45M) and frozen sheep (including lamb) boneless cuts ($27M), with a combined 87% share of total imports. These products were followed by fresh or chilled sheep (including lamb) boneless cuts, frozen lamb carcasses and half-carcasses, frozen sheep (excluding lamb) carcasses and half-carcasses, fresh or chilled lamb carcasses and half-carcasses and fresh or chilled sheep (excluding lamb) carcasses and half-carcasses, which together accounted for a further 13%.

U.S. Lamb and Sheep Meat Imports by Country

In July 2022, Australia (9.5K tons) constituted the largest lamb and sheep meat supplier to the United States, accounting for a 75% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (2.7K tons), fourfold.

From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Australia stood at -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: New Zealand (+4.0% per month) and Chile (+20.2% per month).

In value terms, Australia ($95M) constituted the largest supplier of lamb and sheep meat to the United States, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($37M), with a 27% share of total imports.

From January 2022 to July 2022, the average monthly growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: New Zealand (+4.4% per month) and Chile (+11.9% per month).

Source: IndexBox Market Intelligence Platform

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

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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

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