Latin America and the Caribbean: Frozen Lamb Carcase Market 2020

Frozen Lamb Carcase Market Size in Latin America and the Caribbean

The revenue of the frozen lamb carcase market in Latin America and the Caribbean amounted to $X in 2017, waning by -X% against the previous year. The total market indicated a slight growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen lamb carcase consumption decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. Over the period under review, the frozen lamb carcase market attained its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Frozen Lamb Carcase Production in Latin America and the Caribbean

In 2017, production of frozen carcases of lamb or sheep in Latin America and the Caribbean amounted to X tons, leveling off at the previous year. The frozen lamb carcase production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. The volume of frozen lamb carcase production peaked in 2017, and is expected to retain its growth in the immediate term.

Frozen Lamb Carcase Exports in Latin America and the Caribbean

In 2017, approx. X tons of frozen carcases of lamb or sheep were exported in Latin America and the Caribbean; going up by X% against the previous year. The frozen lamb carcase exports continue to indicate a perceptible drop. The most prominent rate of growth was recorded in 2009, when exports increased by X% year-to-year. In that year, the frozen lamb carcase exports reached their peak volume of X tons. From 2010 to 2017, growth of the frozen lamb carcase exports stood at a somewhat lower level.

In value terms, frozen lamb carcase exports amounted to $X in 2017. The total exports indicated a mild expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the frozen lamb carcase exports attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Frozen Lamb Carcase Exports by Country in Latin America and the Caribbean

Uruguay represented the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Chile (X tons) and Argentina (X tons), together mixed up X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to frozen lamb carcase exports from Uruguay stood at -X%. At the same time, Chile (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Argentina (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) and Uruguay (X%) increased significantly in terms of the global exports from 2007-2017, the share of Chile (-X%) displayed negative dynamics.

In value terms, the largest frozen lamb carcase markets worldwide were Uruguay ($X), Chile ($X) and Argentina ($X), with a combined X% share of total exports.

Among the main exporting countries , Chile (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Frozen Lamb Carcase Export Prices by Country in Latin America and the Caribbean

The frozen lamb carcase export price in Latin America and the Caribbean stood at $X per ton in 2017, therefore, remained relatively stable against the previous year. The export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen lamb carcase export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Over the period under review, the export prices for frozen carcases of lamb or sheep attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Lamb Carcase Imports in Latin America and the Caribbean

The imports amounted to X tons in 2017, increasing by X% against the previous year. The frozen lamb carcase imports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the frozen lamb carcase imports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, frozen lamb carcase imports amounted to $X in 2017. The frozen lamb carcase imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Frozen Lamb Carcase Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) represented the largest importer for frozen carcases of lamb or sheep, mixed up X% of total imports. It was distantly followed by Brazil (X tons) and Trinidad and Tobago (X tons), together making up X% share of total imports. The following importers - the Dominican Republic (X tons), Bahamas (X tons), Jamaica (X tons) and Barbados (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Dominican Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen lamb carcase markets worldwide were Brazil ($X), Mexico ($X) and Trinidad and Tobago ($X), together comprising X% of total imports. Jamaica, Barbados, the Dominican Republic and Bahamas lagged somewhat behind, together comprising a further X%.

Among the main importing countries , the Dominican Republic (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Lamb Carcase Import Prices by Country in Latin America and the Caribbean

In 2017, the frozen lamb carcase import price in Latin America and the Caribbean amounted to $X per ton, coming up by X% against the previous year. The import price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen lamb carcase import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, an increase of X% year-to-year. Over the period under review, the import prices for frozen carcases of lamb or sheep reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Barbados ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Jamaica (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform