Italy - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

Italy - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights

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Price for Lamb and Sheep Meat in Italy - 2023

Contents:

  1. Price for Lamb and Sheep Meat in Italy (CIF) - 2023
  2. Price for Lamb and Sheep Meat in Italy (FOB) - 2023
  3. Imports of Lamb and Sheep Meat in Italy
  4. Exports of Lamb and Sheep Meat in Italy

Price for Lamb and Sheep Meat in Italy (CIF) - 2023

The average lamb and sheep meat import price stood at $6,558 per ton in July 2023, shrinking by -6.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 21% m-o-m. The import price peaked at $8,793 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,573 per ton), while the price for Portugal ($4,278 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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Price for Lamb and Sheep Meat in Italy (FOB) - 2023

The average lamb and sheep meat export price stood at $6,831 per ton in July 2023, growing by 10% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in October 2022 an increase of 33% against the previous month. The export price peaked at $9,489 per ton in December 2022; however, from January 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Belgium ($13,843 per ton), while the average price for exports to Romania ($2,271 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat in Italy

Lamb and sheep meat imports into Italy skyrocketed to 26K tons in 2022, growing by 22% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamb and sheep meat imports skyrocketed to $191M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Lamb and Sheep Meat in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France11.411.236.250.163.8%
Spain24.713.325.938.515.9%
Ireland13.611.315.525.823.8%
Greece14.413.426.222.215.5%
Netherlands7.86.710.618.032.1%
North Macedonia6.25.09.99.113.6%
Romania7.83.46.26.0-8.4%
Germany5.34.86.65.51.2%
New Zealand17.215.75.34.9-34.2%
United Kingdom34.338.44.50.6-74.0%
Others14.99.011.810.3-11.6%
Total1581321591916.5%

Top Suppliers of Lamb and Sheep Meat to Italy in 2022:

  1. France (7.1K tons)
  2. Spain (6.1K tons)
  3. Ireland (4.2K tons)
  4. Greece (2.6K tons)
  5. Netherlands (2.1K tons)
  6. North Macedonia (1.2K tons)
  7. Romania (0.8K tons)
  8. Germany (0.7K tons)
  9. New Zealand (0.4K tons)
  10. United Kingdom (0.1K tons)

Exports of Lamb and Sheep Meat in Italy

In 2022, approx. 5K tons of lamb and sheep meat were exported from Italy; growing by 17% on the previous year. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamb and sheep meat exports surged to $33M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Lamb and Sheep Meat in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain9.37.512.014.616.2%
Oman0.53.43.13.591.3%
Qatar0.60.80.83.376.5%
Belgium1.21.62.11.916.6%
Portugal0.20.6N/A1.491.3%
France0.92.12.11.313.0%
Bahrain0.30.80.71.049.4%
United Arab Emirates0.30.20.20.626.0%
Malta0.60.50.80.60.0%
KuwaitN/A0.31.30.641.4%
South Korea0.30.20.40.518.6%
Sri Lanka0.70.50.2N/A-46.5%
Singapore2.92.2N/AN/A-24.1%
Others4.33.74.63.9-3.2%
Total22.024.428.233.214.7%

Top Export Markets for Lamb and Sheep Meat from Italy in 2022:

  1. Spain (1801.8 tons)
  2. Oman (746.9 tons)
  3. Qatar (702.7 tons)
  4. Bahrain (235.1 tons)
  5. France (172.1 tons)
  6. Belgium (153.6 tons)
  7. Malta (141.6 tons)
  8. Portugal (140.9 tons)
  9. United Arab Emirates (135.6 tons)
  10. Kuwait (122.0 tons)
  11. South Korea (115.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for lamb and sheep meat in Italy. 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:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Lamb and Sheep Meat - Italy