China - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLamb and Sheep Meat Prices in China
China Lamb and Sheep Meat Import Price in September 2022
In September 2022, the lamb and sheep meat price amounted to $5,365 per ton (CIF, China), waning by -3% against the previous month. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in May 2022 an increase of 2.2% m-o-m. The import price peaked at $6,422 per ton in February 2022; however, from March 2022 to September 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was New Zealand ($5,637 per ton), while the price for Uruguay ($4,615 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.0%), while the prices for the other major suppliers experienced a decline.
China 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) ($29.3 per kg), while the price for frozen sheep (including lamb) boneless cuts ($4,935 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+1.0%), while the prices for the other products experienced more modest paces of growth.
China Lamb and Sheep Meat Imports
Lamb and sheep meat imports into China rose remarkably to 29K tons in September 2022, with an increase of 10% compared with August 2022 figures. Over the period under review, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in March 2022 when imports increased by 33% m-o-m. Over the period under review, imports reached the peak figure at 38K tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.
In value terms, lamb and sheep meat imports expanded notably to $158M (IndexBox estimates) in September 2022. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in March 2022 with an increase of 31% month-to-month. Imports peaked at 242K tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.
China Lamb and Sheep Meat Imports by Type
In September 2022, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (25K tons) constituted the largest type of lamb and sheep meat supplied to China, accounting for a 86% 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, frozen sheep (including lamb) boneless cuts (2.5K tons), tenfold. Frozen sheep (excluding lamb) carcasses and half-carcasses (1.5K tons) ranked third in terms of total imports with a 5.1% share.
From January 2022 to September 2022, 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) stood at -2.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: frozen sheep (including lamb) boneless cuts (+2.3% per month) and frozen sheep (excluding lamb) carcasses and half-carcasses (-12.7% per month).
In value terms, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($136M) constituted the largest type of lamb and sheep meat supplied to China, comprising 86% of total imports. The second position in the ranking was taken by frozen sheep (including lamb) boneless cuts ($12M), with a 7.7% share of total imports. It was followed by frozen sheep (excluding lamb) carcasses and half-carcasses, with a 4.9% share.
China Lamb and Sheep Meat Imports by Country
New Zealand (16K tons), Australia (13K tons) and Uruguay (413 tons) were the main suppliers of lamb and sheep meat imports to China, together comprising 100% of total imports.
From January 2022 to September 2022, the biggest increases were in New Zealand (with a CAGR of -2.4%), while purchases for the other leaders experienced a decline.
In value terms, New Zealand ($92M), Australia ($64M) and Uruguay ($1.9M) appeared to be the largest lamb and sheep meat suppliers to China, with a combined 100% share of total imports.
In terms of the main suppliers, New Zealand, with a CAGR of -4.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the market for lamb and sheep meat in China. 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
- Trade (exports and imports) in China
- 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
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