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Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing
Date: Jul 30, 2021
Australian Sheep Meat Exporters Struggle with the Pandemic while Shipments from New Zealand Keep Solid
IndexBox has just published a new report: 'Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Lamb and sheep meat exports in Asia-Pacific dropped -6.5% to 853K tonnes in 2020. This was shaped by a tangible contraction in Australian supplies, partially offset by rising shipments from New Zealand. Australian lamb exports were hampered by lower demand in China and other destinations affected by the pandemic. China, the U.S. and Malaysia remain key foreign markets for Australian lamb exporters. Suppliers from New Zealand also focus on the Chinese and American markets, with the UK being among the top three destinations.
Lamb and Sheep Meat Exports in Asia-Pacific
In 2020, after three years of growth, there was a significant decline in shipments abroad of lamb and sheep meat, when their volume decreased by -6.5% to 853K tonnes. The export volume peaked at 912K tonnes in 2019 and then fell in the last year. In value terms, lamb and sheep meat exports amounted to $5.2B (IndexBox estimates) in 2020.
Exports by Country
In 2020, Australia (434K tonnes) and New Zealand (401K tonnes) were the major exporters of lamb and sheep meat in Asia-Pacific, mixing up 98% of total export. The decline in total export figures was due to lower Australian supplies, which decreased by -12% y-o-y. This decrease was shaped by lower shipments to China and other countries where the pandemic hampered the foodservice sector. New Zealand exporters managed to increase their shipments by +2.5% last year.
In value terms, the largest lamb and sheep meat supplying countries in Asia-Pacific were Australia ($2.5B) and New Zealand ($2.5B), together accounting for 98% of total exports.
Lamb and Sheep Meat Export Prices by Country
The lamb and sheep meat export price in Asia-Pacific stood at $6,079 per tonne in 2020, remaining relatively unchanged against the previous year. Over the last eight years, it increased at an average annual rate of +1.1%. The most prominent growth rate was recorded in 2017, an increase of 18% against the previous year. Over the period under review, export prices attained the maximum at $6,131 per tonne in 2019 and fell slightly in the following year.
Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was New Zealand ($6,317 per tonne), while the average price for Australian lamb and sheep meat amounted to $5,849 per tonne.
Major Markets for Lamb and Sheep Meat Exports from Australia
China (150K tonnes), the U.S. (76K tonnes) and Malaysia (26K tonnes) were the main destinations of lamb and sheep meat exports from Australia, with a combined 58% share of total exports. The United Arab Emirates, Qatar, South Korea, Japan, Singapore, Papua New Guinea, Saudi Arabia, Canada and the UK lagged somewhat behind, together accounting for a further 29%.
From 2012 to 2020, the biggest increases were in South Korea (with a CAGR of +20.3% from 2012-2020), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($661M), the U.S. ($614M) and the United Arab Emirates ($143M) appeared to be the largest markets for lamb and sheep meat exported from Australia worldwide, together accounting for 56% of total exports. Malaysia, Qatar, South Korea, Japan, Canada, Singapore, Saudi Arabia, the UK and Papua New Guinea lagged somewhat behind, together accounting for a further 32%.
Major Markets for Lamb and Sheep Meat Exports from New Zealand
China (216K tonnes) was the main destination for lamb and sheep meat exports from New Zealand, accounting for 54% of total exports. Moreover, lamb and sheep meat exports to China exceeded the volume sent to the second major destination, the UK (40K tonnes), fivefold. The U.S. (23K tonnes) ranked third in total exports with a 5.7% share.
From 2012 to 2020, the average annual growth rate in terms of volume to China stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.6% per year) and the U.S. (+1.3% per year).
In value terms, China ($1.1B) remains the key foreign market for lamb and sheep meat exports from New Zealand, comprising 42% of total exports. The second position in the ranking was occupied by the UK ($274M), with an 11% share of total exports. It was followed by the U.S., with an 8.6% share.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for lamb and sheep meat in Asia-Pacific. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
• FCL 977 - Meat of sheep
Country coverage:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Vietnam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Producing Animals, By Country, 2007-2021
Table 7:
Yield, By Country, 2007-2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Producing Animals, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Producing Animals, By Country, 2021
Figure 24:
Producing Animals, By Country, 2007-2021
Figure 25:
Yield, By Country, 2007-2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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