U.S. - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lamb and Sheep Meat in the United States - 2023
Contents:
- Price for Lamb and Sheep Meat in the United States (CIF) - 2023
- Price for Lamb and Sheep Meat in the United States (FOB) - 2023
- Imports of Lamb and Sheep Meat in the United States
- Exports of Lamb and Sheep Meat in the United States
Price for Lamb and Sheep Meat in the United States (CIF) - 2023
In August 2023, the average lamb and sheep meat import price amounted to $10,073 per ton, waning by -5.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 20% month-to-month. The import price peaked at $11,340 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was New Zealand ($12,195 per ton), while the price for Australia totaled $9,354 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Australia (-0.3%).
Price for Lamb and Sheep Meat in the United States (FOB) - 2023
The average lamb and sheep meat export price stood at $5,459 per ton in August 2023, approximately reflecting the previous month. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 35% month-to-month. Over the period under review, the average export prices hit record highs at $7,123 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Aruba ($13,359 per ton), while the average price for exports to French Polynesia ($2,002 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 Turks and Caicos Islands (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lamb and Sheep Meat in the United States
After three years of growth, supplies from abroad of lamb and sheep meat decreased by -2% to 144K tons in 2022. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of 147K tons, and then declined in the following year.
In value terms, lamb and sheep meat imports surged to $1.5B in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Lamb and Sheep Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 714 | 676 | 929 | 1,050 | 13.7% |
| New Zealand | 290 | 222 | 314 | 400 | 11.3% |
| Others | 6.3 | 9.4 | 15.5 | 20.4 | 47.9% |
| Total | 1,011 | 907 | 1,259 | 1,470 | 13.3% |
Top Suppliers of Lamb and Sheep Meat to the United States in 2022:
- Australia (110.4K tons)
- New Zealand (30.6K tons)
Exports of Lamb and Sheep Meat in the United States
In 2022, approx. 3.4K tons of lamb and sheep meat were exported from the United States; jumping by 53% compared with the year before. In general, exports, however, continue to indicate a slight downturn.
In value terms, lamb and sheep meat exports skyrocketed to $18M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Lamb and Sheep Meat in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3,151 | 1,464 | 1,727 | 3,220 | 0.7% |
| Dominican Republic | 1,217 | 778 | 1,532 | 2,827 | 32.4% |
| Bahamas | 2,084 | 799 | 1,172 | 1,536 | -9.7% |
| Canada | 707 | 507 | 352 | 1,076 | 15.0% |
| Trinidad and Tobago | 739 | 441 | 583 | 878 | 5.9% |
| Turks and Caicos Islands | 567 | 274 | 740 | 864 | 15.1% |
| Aruba | 808 | 156 | 322 | 796 | -0.5% |
| Bermuda | 425 | 1,057 | 1,196 | 699 | 18.0% |
| Saint Maarten (Dutch part) | 480 | 288 | 400 | 678 | 12.2% |
| Antigua and Barbuda | 253 | 134 | 375 | 540 | 28.8% |
| Barbados | 394 | 194 | 266 | 528 | 10.3% |
| Cayman Islands | 589 | 775 | 786 | 514 | -4.4% |
| Suriname | 42.3 | 5.3 | 13.3 | 431 | 116.8% |
| Others | 6,998 | 2,561 | 2,295 | 3,377 | -21.6% |
| Total | 18,452 | 9,435 | 11,757 | 17,963 | -0.9% |
Top Export Markets for Lamb and Sheep Meat from the United States in 2022:
- Mexico (1046.2 tons)
- Dominican Republic (440.0 tons)
- Cayman Islands (239.0 tons)
- Canada (196.0 tons)
- Bahamas (166.3 tons)
- Trinidad and Tobago (130.3 tons)
- Turks and Caicos Islands (129.9 tons)
- Saint Maarten (Dutch part) (111.0 tons)
- Aruba (103.4 tons)
- Antigua and Barbuda (99.0 tons)
- Barbados (85.0 tons)
- Suriname (75.6 tons)
- Bermuda (70.7 tons)
This report provides an in-depth analysis of the market for lamb and sheep meat in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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In July 2022, the lamb and sheep meat price per ton stood at $10,654, falling by -6.5% against the previous month.
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The lamb and sheep meat price per ton stood at $10,167 (CIF, US) in May 2022, which is down by -12.1% against the previous month.
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In Feb 2023, the price of goat meat was $6,678 per ton (CIF, US), down -4.4% compared to the prior month.
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In June 2022, the goat meat price per tonstood at $7,159 per ton, remaining constant against the previous month.
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In Apr 2022, the average import goat meat price per ton amounted to $7,166, therefore, remained relatively stable against the previous month.
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In May 2022, the sheep and goat meat price per ton amounted to $9,657 per ton, falling by -8.8% against the previous month.
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Global lamb and sheep meat consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
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In 2015, the country with the largest volume of the lamb and sheep meat output was China (X thousand tons), accounting for X% of global production.
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New Zealand continued its dominance in the global lamb and sheep meat trade. In 2014, New Zealand exported X thousand tons of lamb and sheep meat totaling X million USD, X% over the previous year. Its primary trading partner was China, where i
