Canada - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLamb and Sheep Meat Price in Canada Grows to $8,204 per Ton
Canada Lamb and Sheep Meat Import Price in February 2023
In February 2023, the lamb and sheep meat price amounted to $8,204 per ton (CIF, Canada), picking up by 2.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $10,832 per ton in July 2022; however, from August 2022 to February 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Australia ($9,696 per ton), while the price for Ireland ($5,665 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.3%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Lamb and Sheep Meat in Canada (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Australia | 9,378 | 9,788 | 10,807 | 11,268 | 11,318 | 11,521 | 10,362 | 10,226 | 8,374 | 9,536 | 9,307 | 8,758 | 9,696 |
| New Zealand | 8,749 | 8,774 | 9,544 | 9,421 | 9,559 | 10,764 | 9,401 | 9,814 | 8,796 | 8,103 | 7,901 | 7,551 | 7,465 |
| Uruguay | 11,186 | 11,808 | 11,847 | 11,692 | 9,555 | 11,501 | 10,711 | 10,637 | 9,017 | 9,745 | 8,134 | N/A | 6,408 |
| Ireland | 6,655 | 6,253 | 7,449 | 6,692 | 6,347 | 7,490 | 6,692 | 7,522 | 6,846 | 5,936 | 7,595 | 6,791 | 5,665 |
| Average | 9,002 | 8,975 | 9,984 | 10,175 | 10,164 | 10,832 | 9,745 | 9,880 | 8,384 | 8,660 | 8,406 | 7,989 | 8,204 |
Canada Lamb and Sheep Meat Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($10,186 per ton), while the price for frozen sheep (excluding lamb) carcasses and half-carcasses ($5,024 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by frozen sheep (including lamb) boneless cuts (+0.3%), while the prices for the other products experienced mixed trend patterns.
Canada Lamb and Sheep Meat Imports
In February 2023, supplies from abroad of lamb and sheep meat decreased by -17.6% to 1.6K tons, falling for the fourth month in a row after three months of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 33% against the previous month.
In value terms, lamb and sheep meat imports reduced rapidly to $13M (IndexBox estimates) in February 2023. Over the period under review, imports showed a mild reduction. The pace of growth appeared the most rapid in April 2022 when imports increased by 46% against the previous month. As a result, imports reached the peak of $31M. From May 2022 to February 2023, the growth of imports remained at a somewhat lower figure.
Canada Lamb and Sheep Meat Imports by Type
In February 2023, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (817 tons) constituted the largest type of lamb and sheep meat supplied to Canada, with a 50% share of total imports. Moreover, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exceeded the figures recorded for the second-largest type, fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (405 tons), twofold. The third position in this ranking was held by frozen sheep (including lamb) boneless cuts (254 tons), with a 16% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) totaled -1.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) (+7.2% per month) and frozen sheep (including lamb) boneless cuts (-4.8% per month).
In value terms, frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($5.6M), fresh or chilled sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) ($4.1M) and frozen sheep (including lamb) boneless cuts ($2.2M) were the most imported types of lamb and sheep meat in Canada, together accounting for 89% of total imports.
Canada Lamb and Sheep Meat Imports by Country
New Zealand (892 tons), Australia (626 tons) and Ireland (69 tons) were the main suppliers of lamb and sheep meat imports to Canada, with a combined 97% share of total imports.
From February 2022 to February 2023, the biggest increases were in New Zealand (with a CAGR of +1.5%), while purchases for the other leaders experienced a decline.
In value terms, the largest lamb and sheep meat suppliers to Canada were New Zealand ($6.7M), Australia ($6.1M) and Ireland ($392K), together comprising 98% of total imports.
New Zealand, with a CAGR of +0.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the market for lamb and sheep meat in Canada. 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 2030.
Product coverage:
- FCL 977 - Meat of sheep
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
