Australia - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lamb and Sheep Meat in Australia - 2023
Contents:
- Price for Lamb and Sheep Meat in Australia (FOB) - 2023
- Price for Lamb and Sheep Meat in Australia (CIF) - 2022
- Exports of Lamb and Sheep Meat in Australia
- Imports of Lamb and Sheep Meat in Australia
Price for Lamb and Sheep Meat in Australia (FOB) - 2023
The average lamb and sheep meat export price stood at $4,898 per ton in August 2023, reducing by -10.1% against the previous month. Overall, the export price recorded a noticeable setback. The pace of growth was the most pronounced in May 2023 when the average export price increased by 3.1% m-o-m. The export price peaked at $7,170 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($8,808 per ton), while the average price for exports to China ($3,444 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+1.9%), while the prices for the other major destinations experienced a decline.
Price for Lamb and Sheep Meat in Australia (CIF) - 2022
In 2022, the average lamb and sheep meat import price amounted to $5,563 per ton, jumping by 47% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 50% against the previous year. Over the period under review, average import prices reached the maximum at $8,685 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($9,154 per ton), while the price for the United States ($5,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.1%), while the prices for the other major suppliers experienced a decline.
Exports of Lamb and Sheep Meat in Australia
In 2022, lamb and sheep meat exports from Australia reached 459K tons, growing by 4.1% on the previous year. Over the period under review, exports, however, saw a noticeable reduction.
In value terms, lamb and sheep meat exports expanded rapidly to $3.2B in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Lamb and Sheep Meat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 616 | 611 | 885 | 935 | 14.9% |
| China | 846 | 662 | 801 | 671 | -7.4% |
| South Korea | 102 | 115 | 135 | 215 | 28.2% |
| Malaysia | 125 | 135 | 166 | 195 | 16.0% |
| United Arab Emirates | 163 | 139 | 122 | 165 | 0.4% |
| Japan | 108 | 103 | 105 | 136 | 8.0% |
| Canada | 73.1 | 81.0 | 100 | 113 | 15.6% |
| Saudi Arabia | 76.0 | 62.5 | 69.6 | 84.9 | 3.8% |
| United Kingdom | 48.4 | 61.6 | 82.5 | 81.2 | 18.8% |
| Singapore | 68.2 | 72.1 | 72.7 | 77.9 | 4.5% |
| Papua New Guinea | 47.3 | 45.5 | 59.6 | 69.9 | 13.9% |
| Qatar | 116 | 114 | 49.0 | 53.4 | -22.8% |
| Taiwan (Chinese) | 34.3 | 33.2 | 48.5 | 46.6 | 10.8% |
| Others | 415 | 305 | 352 | 364 | -4.3% |
| Total | 2,839 | 2,539 | 3,049 | 3,209 | 4.2% |
Top Export Markets for Lamb and Sheep Meat from Australia in 2022:
- China (137.8K tons)
- United States (90.9K tons)
- Malaysia (31.2K tons)
- Papua New Guinea (23.9K tons)
- South Korea (23.6K tons)
- United Arab Emirates (21.3K tons)
- Japan (14.8K tons)
- Singapore (12.9K tons)
- Saudi Arabia (12.7K tons)
- Canada (11.9K tons)
- United Kingdom (9.3K tons)
- Taiwan (Chinese) (8.8K tons)
- Qatar (6.8K tons)
Imports of Lamb and Sheep Meat in Australia
In 2022, overseas purchases of lamb and sheep meat decreased by -38.8% to 230 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 104% against the previous year. As a result, imports reached the peak of 848 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, lamb and sheep meat imports reduced to $1.3M in 2022. In general, imports, however, posted a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of 206% against the previous year. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Lamb and Sheep Meat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,158 | 1,330 | 1,423 | 1,164 | 0.2% |
| United Kingdom | N/A | N/A | 1.0 | 53.1 | 5210.0% |
| United States | N/A | 74.7 | 2.1 | 41.7 | -25.3% |
| United Arab Emirates | 31.5 | 380 | N/A | N/A | 1106.3% |
| Others | N/A | 1,860 | N/A | 19.7 | -89.7% |
| Total | 1,189 | 3,644 | 1,426 | 1,279 | 2.5% |
Top Suppliers of Lamb and Sheep Meat to Australia in 2022:
- New Zealand (215.8 tons)
- United States (7.8 tons)
- United Kingdom (5.8 tons)
This report provides an in-depth analysis of the market for lamb and sheep meat in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
-
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
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