Italy: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Italy

In 2022, the Italian sheep and goat meat market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Sheep and goat meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Italy

In value terms, sheep and goat meat production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Sheep and goat meat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in Italy contracted modestly to X kg per head in 2022, with a decrease of X% against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average sheep and goat meat yield reached the maximum level at X kg per head in 2018; however, from 2019 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for sheep and goat meat production in Italy amounted to X heads, remaining stable against the year before. Over the period under review, the number of producing animals, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Italy

In 2022, the amount of sheep and goat meat exported from Italy surged to X tons, increasing by X% compared with the year before. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sheep and goat meat exports surged to $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for sheep and goat meat exports from Italy, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to Spain exceeded the volume sent to the second major destination, Oman (X tons), threefold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Qatar (X% per year).

In value terms, Spain ($X) remains the key foreign market for sheep and goat meat exports from Italy, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Qatar (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Italy

In 2022, the amount of sheep and goat meat imported into Italy surged to X tons, picking up by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

France (X tons), Spain (X tons) and Ireland (X tons) were the main suppliers of sheep and goat meat imports to Italy, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat suppliers to Italy were France ($X), Spain ($X) and Greece ($X), with a combined X% share of total imports.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average sheep and goat meat import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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