Bangladesh: Market for Lamb and Sheep Meat 2025

Market Size for Lamb and Sheep Meat in Bangladesh

In 2021, the Bangladeshi lamb and sheep meat market increased by 0.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Lamb and Sheep Meat in Bangladesh

In value terms, lamb and sheep meat production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. Lamb and sheep meat production peaked in 2021 and is expected to retain growth in the near future.

In 2021, the average yield of lamb and sheep meat in Bangladesh was estimated at X kg per head, almost unchanged from the previous year. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2017 to 2021, the growth of the average lamb and sheep meat yield remained at a lower figure.

In 2021, number of animals slaughtered for lamb and sheep meat production in Bangladesh was estimated at X heads, rising by 2.4% against 2020. This number increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 4.8%. Over the period under review, this number hit record highs in 2021 and is likely to see steady growth in the immediate term.

Exports of Lamb and Sheep Meat

Exports from Bangladesh

In 2021, overseas shipments of lamb and sheep meat increased by 19% to X tons, rising for the sixth year in a row after two years of decline. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 508% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lamb and sheep meat exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 439%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X tons) was the main destination for lamb and sheep meat exports from Bangladesh, with a 0.7% share of total exports. Moreover, lamb and sheep meat exports to Maldives exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Maldives amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-19.0% per year) and Kuwait (-30.3% per year).

In value terms, Maldives ($X) remains the key foreign market for lamb and sheep meat exports from Bangladesh, comprising 0.7% of total exports. The second position in the ranking was held by Kuwait ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Maldives amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-26.7% per year) and the United Arab Emirates (-16.0% per year).

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 9.2%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lamb and Sheep Meat

Imports into Bangladesh

In 2021, after three years of decline, there was significant growth in supplies from abroad of lamb and sheep meat, when their volume increased by 46% to X tons. Overall, imports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of 936% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp slump. The growth pace was the most rapid in 2017 when imports increased by 173%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Malaysia (X tons) and Australia (X tons) were the main suppliers of lamb and sheep meat imports to Bangladesh, with a combined 60% share of total imports. Turkey and Singapore lagged somewhat behind, together comprising a further 4.6%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Saudi Arabia ($X) constituted the largest lamb and sheep meat suppliers to Bangladesh, together comprising 70% of total imports. Singapore and Turkey lagged somewhat behind, together comprising a further 3.7%.

Singapore, with a CAGR of +37.7%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average lamb and sheep meat import price amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2018 an increase of 473%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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