U.S. - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLamb and Sheep Meat Prices in the United States
U.S. Lamb and Sheep Meat Import Price per Ton in August 2022
In August 2022, the lamb and sheep meat price per ton stood at $10.5K (CIF, US), falling by -1.9% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 18% month-to-month. The import price peaked at $11.6K per ton in April 2022; however, from May 2022 to August 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 ($15.3K per ton), while the price for Australia stood at $9.8K per ton.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).
U.S. 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) ($15.9K per ton), while the price for frozen sheep (excluding lamb) carcasses and half-carcasses ($1.1K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by fresh or chilled lamb carcasses and half-carcasses (+2.8%), while the prices for the other products experienced more modest paces of growth.
U.S. Lamb and Sheep Meat Imports
In August 2022, imports of lamb and sheep meat into the United States reduced to 12K tons, waning by -6.7% against the previous month. Over the period under review, imports saw a mild reduction. The most prominent rate of growth was recorded in March 2022 with an increase of 51% m-o-m. As a result, imports attained the peak of 14K tons. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
In value terms, lamb and sheep meat imports dropped to $123M (IndexBox estimates) in August 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 79% m-o-m. As a result, imports attained the peak of $151M. From April 2022 to August 2022, the growth of imports failed to regain momentum.
U.S. Lamb and Sheep Meat Imports by Type
Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (4K tons), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (2.6K tons) and frozen sheep (including lamb) boneless cuts (2.1K tons) were the main products of lamb and sheep meat imports to the United States, together accounting for 74% of total imports. Fresh or chilled sheep (including lamb) boneless cuts, frozen sheep (excluding lamb) carcasses and half-carcasses, frozen lamb carcasses and half-carcasses, fresh or chilled sheep (excluding lamb) carcasses and half-carcasses and fresh or chilled lamb carcasses and half-carcasses lagged somewhat behind, together accounting for a further 26%.
From January 2022 to August 2022, the biggest increases were in fresh or chilled lamb carcasses and half-carcasses (with a CAGR of +30.6%), while purchases for the other products experienced more modest paces of growth.
In value terms, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($44M), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($41M) and frozen sheep (including lamb) boneless cuts ($22M) appeared to be the most imported types of lamb and sheep meat in the United States, together accounting for 86% of total imports. Fresh or chilled sheep (including lamb) boneless cuts, frozen sheep (excluding lamb) carcasses and half-carcasses, 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 lagged somewhat behind, together accounting for a further 14%.
U.S. Lamb and Sheep Meat Imports by Country
In August 2022, Australia (9.6K tons) constituted the largest supplier of lamb and sheep meat to the United States, accounting for a 82% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (1.8K tons), fivefold.
From January 2022 to August 2022, the average monthly growth rate of volume from Australia totaled -1.9%.
In value terms, Australia ($94M) constituted the largest supplier of lamb and sheep meat to the United States, comprising 76% of total imports. The second position in the ranking was taken by New Zealand ($27M), with a 22% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of value from Australia was relatively modest.
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:
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
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In July 2022, the lamb and sheep meat price per ton stood at $10,654, falling by -6.5% against the previous month.
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The lamb and sheep meat price per ton stood at $10,167 (CIF, US) in May 2022, which is down by -12.1% against the previous month.
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In Feb 2023, the price of goat meat was $6,678 per ton (CIF, US), down -4.4% compared to the prior month.
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In June 2022, the goat meat price per tonstood at $7,159 per ton, remaining constant against the previous month.
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In Apr 2022, the average import goat meat price per ton amounted to $7,166, therefore, remained relatively stable against the previous month.
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In May 2022, the sheep and goat meat price per ton amounted to $9,657 per ton, falling by -8.8% against the previous month.
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Global lamb and sheep meat consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
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In 2015, the country with the largest volume of the lamb and sheep meat output was China (X thousand tons), accounting for X% of global production.
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New Zealand continued its dominance in the global lamb and sheep meat trade. In 2014, New Zealand exported X thousand tons of lamb and sheep meat totaling X million USD, X% over the previous year. Its primary trading partner was China, where i
