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

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

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Price for Lamb and Sheep Meat in South Africa - 2023

Contents:

  1. Price for Lamb and Sheep Meat in South Africa (FOB) - 2022
  2. Price for Lamb and Sheep Meat in South Africa (CIF) - 2023
  3. Exports of Lamb and Sheep Meat in South Africa
  4. Imports of Lamb and Sheep Meat in South Africa

Price for Lamb and Sheep Meat in South Africa (FOB) - 2022

The average lamb and sheep meat export price stood at $7,374 per ton in 2022, rising by 12% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamb and sheep meat export price increased by +101.0% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($12,378 per ton), while the average price for exports to Botswana ($3,630 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average lamb and sheep meat import price stood at $2,126 per ton in July 2023, with an increase of 8.2% against the previous month. Overall, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, lamb and sheep meat import price increased by +24.6% against May 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 95% m-o-m. As a result, import price reached the peak level of $3,371 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Australia ($2,266 per ton), while the price for Namibia totaled $1,854 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.2%), while the prices for the other major suppliers experienced a decline.

Exports of Lamb and Sheep Meat in South Africa

Lamb and sheep meat exports from South Africa surged to 4.3K tons in 2022, picking up by 76% compared with the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lamb and sheep meat exports skyrocketed to $32M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 162% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Lamb and Sheep Meat in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar0.13.23.918.0464.6%
United Arab Emirates1.32.77.37.075.3%
Kuwait0.10.80.92.4188.4%
Nigeria0.20.10.61.071.0%
Ethiopia0.10.10.50.9108.0%
Lesotho0.20.30.70.644.2%
Mozambique0.20.60.20.20.0%
Saint Helena, Ascension and Tristan da Cunha0.20.30.5N/A58.1%
Others1.10.81.71.817.8%
Total3.49.016.231.9110.9%

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

  1. Saint Helena, Ascension and Tristan da Cunha (undefined tons)
  2. Qatar (2365.1 tons)
  3. United Arab Emirates (1019.4 tons)
  4. Kuwait (291.4 tons)
  5. Lesotho (169.6 tons)
  6. Ethiopia (103.5 tons)
  7. Nigeria (77.9 tons)
  8. Mozambique (38.3 tons)

Imports of Lamb and Sheep Meat in South Africa

In 2022, approx. 2K tons of lamb and sheep meat were imported into South Africa; which is down by -3.6% against the previous year. Overall, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

In value terms, lamb and sheep meat imports skyrocketed to $5.5M in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.

Import of Lamb and Sheep Meat in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia3.82.34.03.90.9%
Namibia6.60.70.41.0-46.7%
New Zealand0.20.70.10.535.7%
Others0.1N/AN/AN/A0%
Total10.83.74.55.5-20.1%

Top Suppliers of Lamb and Sheep Meat to South Africa in 2022:

  1. Australia (1319.6 tons)
  2. Namibia (464.3 tons)
  3. New Zealand (133.8 tons)

Source: IndexBox Market Intelligence Platform

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

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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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