United Kingdom - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSlight Increase in UK Lamb and Sheep Meat Price: $8,934 per Ton
United Kingdom Lamb and Sheep Meat Export Price in May 2023
In May 2023, the lamb and sheep meat price amounted to $8,934 per ton (FOB, United Kingdom), growing by 1.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 17% month-to-month. As a result, the export price reached the peak level of $9,797 per ton. From July 2022 to May 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($10,175 per ton), while the average price for exports to the Netherlands ($5,420 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Lamb and Sheep Meat in United Kingdom (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Belgium | 9,654 | 17,594 | 9,330 | 9,154 | 8,258 | 8,333 | 9,244 | 9,228 | 8,600 | 8,278 | 8,618 | 9,895 | 10,175 |
| France | 8,787 | 10,019 | 8,522 | 7,681 | 6,943 | 6,867 | 7,477 | 7,974 | 7,593 | 7,514 | 7,938 | 9,026 | 9,428 |
| Germany | 8,085 | 9,344 | 8,237 | 7,503 | 6,727 | 6,761 | 7,157 | 7,687 | 7,498 | 7,152 | 7,454 | 8,883 | 8,933 |
| Italy | 9,404 | 10,254 | 7,855 | 7,373 | 7,185 | 6,950 | 7,512 | 8,171 | 7,453 | 7,610 | 8,274 | 9,020 | 8,590 |
| Ireland | 7,587 | 7,477 | 7,421 | 6,574 | 6,186 | 5,929 | 6,380 | 6,941 | 6,596 | 6,562 | 6,862 | 7,636 | 7,767 |
| Netherlands | 7,230 | 7,610 | 7,976 | 5,706 | 5,616 | 6,540 | 5,231 | 6,002 | 6,161 | 5,903 | 6,145 | 6,265 | 5,420 |
| Average | 8,396 | 9,797 | 8,351 | 7,620 | 6,759 | 6,930 | 7,438 | 7,878 | 7,500 | 7,246 | 7,717 | 8,776 | 8,934 |
United Kingdom Lamb and Sheep Meat Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In May 2023, the product with the highest price was fresh or chilled sheep (including lamb) boneless cuts ($12,126 per ton), while the average price for exports of frozen lamb carcasses and half-carcasses ($2,903 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for the following types: frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+2.6%), while the prices for the other products experienced more modest paces of growth.
United Kingdom Lamb and Sheep Meat Exports
In May 2023, overseas shipments of lamb and sheep meat decreased by -22.8% to 5.5K tons, falling for the second month in a row after two months of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when exports increased by 41% month-to-month. As a result, the exports reached the peak of 8.9K tons. From April 2023 to May 2023, the growth of the exports failed to regain momentum.
In value terms, lamb and sheep meat exports shrank significantly to $49M (IndexBox estimates) in May 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 50% m-o-m. As a result, the exports reached the peak of $69M. From April 2023 to May 2023, the growth of the exports failed to regain momentum.
United Kingdom Lamb and Sheep Meat Exports by Type
Fresh or chilled lamb carcasses and half-carcasses (4.6K tons) was the largest type of lamb and sheep meat exported from the UK, with a 83% share of total exports. Moreover, fresh or chilled lamb carcasses and half-carcasses exceeded the volume of the second product type, fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (470 tons), tenfold. The third position in this ranking was taken by frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (198 tons), with a 3.6% share.
From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of export of fresh or chilled lamb carcasses and half-carcasses was relatively modest. With regard to the other exported 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) (-0.7% per month) and frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (-2.8% per month).
In value terms, fresh or chilled lamb carcasses and half-carcasses ($41M) remains the largest type of lamb and sheep meat exported from the UK, comprising 84% 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) ($5.2M), with an 11% share of total exports. It was followed by fresh or chilled sheep (including lamb) boneless cuts, with a 2.2% share.
From May 2022 to May 2023, the average monthly growth rate of the export volume of fresh or chilled lamb carcasses and half-carcasses was relatively modest. With regard to the other exported 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) (-1.1% per month) and fresh or chilled sheep (including lamb) boneless cuts (-0.2% per month).
United Kingdom Lamb and Sheep Meat Exports by Country
France (2.5K tons), Germany (1.3K tons) and Belgium (504 tons) were the main destinations of lamb and sheep meat exports from the UK, with a combined 78% share of total exports. These countries were followed by Ireland, the Netherlands, Ghana and Italy, which together accounted for a further 12%.
From May 2022 to May 2023, the biggest increases were in the Netherlands (with a CAGR of +4.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, France ($24M) remains the key foreign market for lamb and sheep meat exports from the UK, comprising 48% of total exports. The second position in the ranking was held by Germany ($11M), with a 23% share of total exports. It was followed by Belgium, with a 10% share.
From May 2022 to May 2023, the average monthly rate of growth in terms of value to France amounted to +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+2.3% per month) and Belgium (-1.6% per month).
This report provides an in-depth analysis of the market for lamb and sheep meat in the UK. 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 Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 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 Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- 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 Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
