Sri Lanka: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Sri Lanka

The Sri Lankan sheep and goat meat market surged to $X in 2021, growing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Sri Lanka

In value terms, sheep and goat meat production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. Sheep and goat meat production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of sheep and goat meat in Sri Lanka surged to X kg per head in 2021, picking up by X% compared with the previous year. The yield figure increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for sheep and goat meat production in Sri Lanka fell modestly to X heads, which is down by -X% compared with 2020 figures. Over the period under review, the number of producing animals showed a drastic downturn. The growth pace was the most rapid in 2019 when the number of producing animals increased by X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Sri Lanka

After three years of growth, shipments abroad of sheep and goat meat decreased by -X% to X kg in 2021. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports dropped to $X in 2021. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for sheep and goat meat exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives stood at +X%.

In value terms, Maldives ($X) also remains the key foreign market for sheep and goat meat exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled +X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to -X% per year.

Imports of Sheep And Goat Meat

Imports into Sri Lanka

In 2021, approx. X tons of sheep and goat meat were imported into Sri Lanka; jumping by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sheep and goat meat imports soared to $X in 2021. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Spain (X tons), Australia (X tons) and Italy (X tons) were the main suppliers of sheep and goat meat imports to Sri Lanka, with a combined X% share of total imports. These countries were followed by Romania, Argentina and Ukraine, which together accounted for a further X 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Australia ($X) and Italy ($X) were the largest sheep and goat meat suppliers to Sri Lanka, together accounting for X% of total imports. These countries were followed by Romania, Argentina and Ukraine, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sheep and goat meat import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform