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Asia-Pacific - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 21, 2020

China Leads the Expansion of Lamb And Sheep Meat Market in Asia-Pacific

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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.

The revenue of the lamb and sheep meat market in Asia-Pacific amounted to $26B in 2018, increasing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +1.1% over the last eleven-year period. The level of lamb and sheep meat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Consumption By Country in Asia-Pacific

The country with the largest volume of lamb and sheep meat consumption was China (2.7M tonnes), accounting for 73% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Australia (250K tonnes), more than tenfold. The third position in this ranking was occupied by India (207K tonnes), with a 5.6% share.

From 2007 to 2018, the average annual growth rate of volume in China amounted to +2.3%. In the other countries, the average annual rates were as follows: Australia (-3.0% per year) and India (-1.9% per year).

In value terms, China ($20.1B) led the market, alone. The second position in the ranking was occupied by Australia ($1.4B). It was followed by India.

In 2018, the highest levels of lamb and sheep meat per capita consumption was registered in Australia (10,056 kg per 1000 persons), followed by Afghanistan (3,272 kg per 1000 persons), China (1,861 kg per 1000 persons) and Pakistan (859 kg per 1000 persons), while the average per capita consumption of lamb and sheep meat in the region was estimated at 886 kg per 1000 persons.

Market Forecast 2019-2025 in Asia-Pacific

Driven by increasing demand for lamb and sheep meat in Asia-Pacific, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 4.1M tonnes by the end of 2025.

Production in Asia-Pacific

The lamb and sheep meat production totaled 4.1M tonnes in 2018, flattening at the previous year. Over the period under review, lamb and sheep meat production continues to indicate a relatively flat trend pattern. 

Production By Country in Asia-Pacific

China (2.4M tonnes) constituted the country with the largest volume of lamb and sheep meat production, accounting for 58% of total volume. Lamb and sheep meat production in China exceeded the figures of Australia (668K tonnes), fourfold. The third position in this ranking was occupied by New Zealand (440K tonnes), with a 11% share.

From 2007 to 2018, the average annual growth rate of volume in China amounted to +1.4%. The remaining producing countries recorded the following average annual rates of production growth: Australia (-0.2% per year) and New Zealand (-2.5% per year).

Producing Animals and Yield in Asia-Pacific

In 2018, approx. 245M heads of animals slaughtered for lamb and sheep meat production in Asia-Pacific; remaining constant against the previous year. The average lamb and sheep meat yield totaled 17 kg per head in 2018, flattening at the previous year. In general, the lamb and sheep meat yield continues to indicate a relatively flat trend pattern.

Exports in Asia-Pacific

In 2018, the amount of lamb and sheep meat exported in Asia-Pacific totaled 858K tonnes. Over the period under review, lamb and sheep meat exports continue to indicate a relatively flat trend pattern. In value terms, lamb and sheep meat exports stood at $5.3B (IndexBox estimates) in 2018. 

Exports by Country

Australia (419K tonnes) and New Zealand (408K tonnes) dominates lamb and sheep meat exports structure, together mixing up 96% of total exports. India (25K tonnes) held a relatively small share of total exports.

In value terms, the largest lamb and sheep meat exporters in Asia-Pacific were also New Zealand ($2.6B), Australia ($2.5B) and India ($145M), with a combined 99% share of total exports. In terms of the main exporting countries, India experienced the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the lamb and sheep meat export price in Asia-Pacific amounted to $6,169 per tonne, picking up by 8.9% against the previous year. The export price indicated a buoyant expansion from 2007 to 2018: its price increased at an average annual rate of +4.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices for lamb and sheep meat reached their peak figure at $6,336 per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, the country with the highest price was New Zealand ($6,458 per tonne), while India ($5,784 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Imports in Asia-Pacific

In 2018, the lamb and sheep meat imports in Asia-Pacific amounted to 443K tonnes, surging by 12% against the previous year. Over the period under review, lamb and sheep meat imports continue to indicate a prominent increase, driven by rising supplies to China. Over the period under review, lamb and sheep meat imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term. In value terms, lamb and sheep meat imports totaled $1.8B (IndexBox estimates) in 2018. 

Imports by Country

China dominates lamb and sheep meat imports structure, reaching 282K tonnes, which was approx. 64% of total imports in 2018. Malaysia (36K tonnes) took an 8.1% share (based on tonnes) of total imports, which put it in second place, followed by Japan (5.8%). The following importers - Singapore (19K tonnes), Taiwan, Chinese (19K tonnes), South Korea (16K tonnes), Papua New Guinea (12K tonnes) and China, Hong Kong SAR (7.8K tonnes) - together made up 17% of total imports.

China was also the fastest-growing in terms of the lamb and sheep meat imports, with a CAGR of +16.8% from 2007 to 2018. At the same time, South Korea (+14.4%), Malaysia (+6.6%), Singapore (+6.4%), China, Hong Kong SAR (+1.1%) and Japan (+1.0%) also displayed positive paces of growth. Taiwan, meanwhile, experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-7.0%) illustrated a downward trend over the same period. 

In value terms, China ($884M) constitutes the largest market for imported lamb and sheep meat in Asia-Pacific, comprising 48% of total lamb and sheep meat imports. The second position in the ranking was occupied by Japan ($204M), with a 11% share of total imports. It was followed by Malaysia, with a 9.7% share.

Import Prices by Country

In 2018, the lamb and sheep meat import price in Asia-Pacific amounted to $4,157 per tonne, coming down by -3.3% against the previous year. 

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($8,067 per tonne), while China ($3,132 per tonne) was amongst the lowest.

Source: IndexBox AI Platform

Product coverage:
• FCL 977 - Meat of sheep

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.


Country coverage:
• Afghanistan
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Nepal
• New Caledonia
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan, Chinese
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam

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
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 2007–2019
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 2007–2019
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
• China, Hong Kong SAR
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• 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
• Viet Nam
• 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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Producing Animals, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Producing Animals, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Producing Animals, By Country, 2019
Figure 24:
Producing Animals, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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