Lamb Meat Market - New Zealand’s Exports of Lamb & Sheep Meat Increased by 11% in 2014

Sheep And Goats October 13, 2015
Author: Alexander Romanenko
Chief Executive Officer

lamb meat market

New Zealand continued its dominance in the global lamb and sheep meat trade. In 2014, New Zealand exported 415 thousand tonnes of lamb and sheep meat totaling 2,490 million USD, 11% over the previous year. Its primary trading partner on the global lamb meat market was China, where it supplied 27% of its total lamb and sheep meat exports in value terms, accounting for 60% of China's total imports.

From 2007 to 2014, New Zealand was a net exporter of lamb and sheep meat. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Australia and the United Kingdom were among the other main global suppliers of lamb and sheep meat in 2014. However, the fastest growing exporters from 2007 to 2014 were India (+26% per year) and Australia (+12% per year). Australia significantly strengthened its position in the global export structure.

In 2014, New Zealand's top 5 trading partners were China, the United Kingdom, the U.S., Germany and the Netherlands, with a combined 66% share of New Zealand's lamb and sheep meat exports. The share of China increased significantly (+24 percentage points), while the share of Germany illustrated negative dynamics (-6 percentage points).

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Source: World: Lamb And Sheep Meat - Market Report. Analysis And Forecast To 2020