Canada: Overview of the Market for Lamb and Sheep Meat 2021

Market Size for Lamb and Sheep Meat in Canada

In 2020, the Canadian lamb and sheep meat market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in years to come.

Production of Lamb and Sheep Meat in Canada

In value terms, lamb and sheep meat production stood at $X in 2020 estimated in export prices. Overall, the total production indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Lamb and sheep meat production peaked in 2020 and is likely to see gradual growth in years to come.

The average yield of lamb and sheep meat in Canada reached X kg per head in 2020, leveling off at 2019. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. from 2012 to 2020, the growth of the average lamb and sheep meat yield remained at a somewhat lower figure.

The number of animals slaughtered for lamb and sheep meat production in Canada shrank to X heads in 2020, approximately reflecting the previous year. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% y-o-y. Over the period under review, this number attained the peak level at X heads in 2014; however, from 2015 to 2020, producing animals failed to regain the momentum.

Exports of Lamb and Sheep Meat

Exports from Canada

In 2020, approx. X tonnes of lamb and sheep meat were exported from Canada; standing approx. at the previous year. Over the period under review, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. from 2014 to 2020, the growth exports remained at a lower figure.

In value terms, lamb and sheep meat exports surged to $X in 2020. Overall, total exports indicated a modest increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for lamb and sheep meat exports from Canada, with a X% share of total exports. Moreover, lamb and sheep meat exports to the U.S. exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), twofold. The United Arab Emirates (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for lamb and sheep meat exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saint Pierre and Miquelon, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Saint Pierre and Miquelon (-X% per year).

Export Prices by Country

In 2020, the average lamb and sheep meat export price amounted to $X per tonne, jumping by X% against the previous year. In general, export price indicated a buoyant increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, lamb and sheep meat export price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Imports of Lamb and Sheep Meat

Imports into Canada

In 2020, approx. X tonnes of lamb and sheep meat were imported into Canada; stabilizing at the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2018 to 2020, the growth imports remained at a lower figure.

In value terms, lamb and sheep meat imports stood at $X in 2020. Over the period under review, total imports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

Australia (X tonnes), New Zealand (X tonnes) and Ireland (X tonnes) were the main suppliers of lamb and sheep meat imports to Canada, with a combined X% share of total imports. Uruguay and the UK lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Ireland ($X) were the largest lamb and sheep meat suppliers to Canada, together accounting for X% of total imports. Uruguay and the UK lagged somewhat behind, together accounting for a further X the main suppliers, Uruguay (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average lamb and sheep meat import price amounted to $X per tonne, increasing by X% against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, lamb and sheep meat import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform