Ecuador: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Ecuador

In 2021, the Ecuadorian lamb and sheep meat market increased by 8.6% to $X, rising for the third consecutive year after four years of decline. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.8% against 2018 indices. Lamb and sheep meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in Ecuador

In value terms, lamb and sheep meat production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Lamb and sheep meat production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of lamb and sheep meat in Ecuador declined to X kg per head, which is down by -2.5% compared with the year before. The yield figure increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the yield increased by 14%. As a result, the yield attained the peak level of X kg per head. From 2020 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 Ecuador rose markedly to X heads, with an increase of 6.5% on 2020. In general, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 7.6% against the previous year. Over the period under review, this number attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Lamb and Sheep Meat

Exports from Ecuador

In 2019, exports of lamb and sheep meat from Ecuador reduced to X kg, waning by -14.1% compared with 2018. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 4,421% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2019, the growth of the exports failed to regain momentum.

In value terms, lamb and sheep meat exports declined significantly to $X in 2019. Overall, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 5,266%. As a result, the exports attained the peak of $X. From 2016 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for lamb and sheep meat exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for lamb and sheep meat exports from Ecuador.

From 2014 to 2019, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2019, reducing by -22.9% against the previous year. In general, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018, and then contracted dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for France.

From 2014 to 2019, the rate of growth in terms of prices for Maldives amounted to +11.3% per year.

Imports of Lamb and Sheep Meat

Imports into Ecuador

Lamb and sheep meat imports into Ecuador skyrocketed to X tons in 2021, growing by 110% against 2020 figures. Overall, imports posted a mild expansion. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lamb and sheep meat imports soared to $X in 2021. In general, imports showed slight growth. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Uruguay (X tons) was the main lamb and sheep meat supplier to Ecuador, accounting for a 99% share of total imports. It was followed by the United States (X kg), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Uruguay amounted to +3.4%.

In value terms, Uruguay ($X) constituted the largest supplier of lamb and sheep meat to Ecuador, comprising 98% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Uruguay stood at +3.6%.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2021, which is down by -4.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Uruguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :