Mexico: Market for Lamb and Sheep Meat 2025

Market Size for Lamb and Sheep Meat in Mexico

The Mexican lamb and sheep meat market rose significantly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Lamb and Sheep Meat in Mexico

In value terms, lamb and sheep meat production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The average yield of lamb and sheep meat in Mexico amounted to X kg per head in 2021, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by 2% against the previous year. Over the period under review, the average lamb and sheep meat yield reached the maximum level at X kg per head in 2019; however, from 2020 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for lamb and sheep meat production in Mexico totaled X heads in 2021, flattening at 2020 figures. This number increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 1.9% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Lamb and Sheep Meat

Exports from Mexico

In 2021, overseas shipments of lamb and sheep meat decreased by -20% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 120%. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, lamb and sheep meat exports expanded markedly to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2019 when exports increased by 147% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for lamb and sheep meat exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +27.1%.

In value terms, the United States ($X) also remains the key foreign market for lamb and sheep meat exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +31.9%.

Export Prices by Country

In 2021, the average lamb and sheep meat export price amounted to $X per ton, increasing by 36% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.8% per year.

Imports of Lamb and Sheep Meat

Imports into Mexico

In 2021, supplies from abroad of lamb and sheep meat decreased by -51.9% to X tons, falling for the eighth year in a row after two years of growth. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, lamb and sheep meat imports dropped remarkably to $X in 2021. Overall, imports faced a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), the United States (X tons) and New Zealand (X tons) were the main suppliers of lamb and sheep meat imports to Mexico, together accounting for 60% of total imports. These countries were followed by Chile and Canada, which together accounted for a further 2.6%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -5.7%), while purchases for the other leaders experienced a decline.

In value terms, Australia ($X), New Zealand ($X) and the United States ($X) appeared to be the largest lamb and sheep meat suppliers to Mexico, together comprising 70% of total imports. These countries were followed by Chile and Canada, which together accounted for a further 2.5%.

Canada, with a CAGR of -7.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average lamb and sheep meat import price amounted to $X per ton, waning by -10.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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