Malaysia: Market for Lamb and Sheep Meat 2025

Market Size for Lamb and Sheep Meat in Malaysia

The Malaysian lamb and sheep meat market fell to $X in 2021, waning by -13.5% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +10.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Lamb and Sheep Meat in Malaysia

In value terms, lamb and sheep meat production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 79% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

The average yield of lamb and sheep meat in Malaysia amounted to X kg per head in 2021, therefore, remained relatively stable against 2020. Over the period under review, the yield recorded a relatively flat trend pattern. The lamb and sheep meat yield peaked in 2021 and is likely to see steady growth in the near future.

In 2021, the number of animals slaughtered for lamb and sheep meat production in Malaysia dropped to X heads, with a decrease of -7.5% compared with the previous year. In general, the total number of producing animals indicated a strong expansion from 2012 to 2021: its figure increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 24%. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2020, and then contracted in the following year.

Exports of Lamb and Sheep Meat

Exports from Malaysia

In 2021, approx. X tons of lamb and sheep meat were exported from Malaysia; which is down by -7.3% against the previous year's figure. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 193%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, lamb and sheep meat exports shrank slightly to $X in 2021. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2018 with an increase of 115% against the previous year. The exports peaked at $X in 2020, and then contracted modestly in the following year.

Exports by Country

Oman (X tons), New Zealand (X tons) and Bangladesh (X tons) were the main destinations of lamb and sheep meat exports from Malaysia, together comprising 64% of total exports. Cambodia, China and Maldives lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +76.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for lamb and sheep meat exports from Malaysia, comprising 51% of total exports. The second position in the ranking was taken by Oman ($X), with a 23% share of total exports. It was followed by New Zealand, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+22.7% per year) and New Zealand (0.0% per year).

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2021, surging by 7.8% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamb and sheep meat export price increased by +23.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 117%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to China ($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 Brunei Darussalam (+164.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Malaysia

In 2021, lamb and sheep meat imports into Malaysia contracted significantly to X tons, reducing by -22.5% against the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, lamb and sheep meat imports contracted to $X in 2021. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 51%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of lamb and sheep meat to Malaysia, 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 (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-7.6% per year) and Saudi Arabia (+11.8% per year).

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to Malaysia, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-3.5% per year) and Saudi Arabia (+32.4% per year).

Import Prices by Country

In 2021, the average lamb and sheep meat import price amounted to $X per ton, increasing by 14% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamb and sheep meat import price increased by +74.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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