Peru: Market for Lamb and Sheep Meat 2025

Market Size for Lamb and Sheep Meat in Peru

The Peruvian lamb and sheep meat market rose remarkably to $X in 2021, with an increase of 7.6% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Lamb and sheep meat consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Peru

In value terms, lamb and sheep meat production rose markedly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The average yield of lamb and sheep meat in Peru rose slightly to X kg per head in 2021, picking up by 1.6% on the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by 1.7%. Over the period under review, the average lamb and sheep meat yield attained the peak level in 2021 and is expected to retain growth in years to come.

The number of animals slaughtered for lamb and sheep meat production in Peru stood at X heads in 2021, leveling off at 2020. Over the period under review, the number of producing animals, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by 1.7%. Over the period under review, this number attained the maximum level at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Peru

In 2020, shipments abroad of lamb and sheep meat decreased by 0% to X kg, falling for the second consecutive year after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 205% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports stood at $X in 2020. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 211% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

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

From 2015 to 2020, the average annual growth rate of volume to Luxembourg was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to Luxembourg was relatively modest.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2020, almost unchanged from the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 1.8%. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2015 to 2020, the rate of growth in terms of prices for Luxembourg amounted to 0.0% per year.

Imports of Lamb and Sheep Meat

Imports into Peru

In 2021, the amount of lamb and sheep meat imported into Peru soared to X tons, with an increase of 80% against 2020. In general, imports posted resilient growth. The growth pace was the most rapid in 2013 with an increase of 169% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lamb and sheep meat imports skyrocketed to $X in 2021. Overall, imports showed a modest expansion. The most prominent rate of growth was recorded in 2013 with an increase of 113% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of lamb and sheep meat to Peru, with a 56% share of total imports. Moreover, lamb and sheep meat imports from Chile exceeded the figures recorded by the second-largest supplier, Australia (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+16.8% per year) and Austria (+12.0% per year).

In value terms, Chile ($X) constituted the largest supplier of lamb and sheep meat to Peru, comprising 81% of total imports. The second position in the ranking was held by Australia ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+19.1% per year) and Austria (+2.2% per year).

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2021, shrinking by -14.6% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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