
China - Lamb and Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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China: Market for Lamb and Sheep Meat 2022
Market Size for Lamb and Sheep Meat in China
After three years of growth, the Chinese lamb and sheep meat market decreased by -X% to $X in 2020. In general, consumption recorded prominent growth. The pace of growth appeared the most rapid in 2012 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019, and then dropped modestly in the following year.
Production of Lamb and Sheep Meat in China
In value terms, lamb and sheep meat production shrank to $X in 2020 estimated in export prices. Overall, production enjoyed a strong increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019, and then contracted modestly in the following year.
The average yield of lamb and sheep meat in China expanded modestly to X kg per head in 2020, picking up by X% against the previous year. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by X% against the previous year. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2016; however, from 2017 to 2020, the yield failed to regain the momentum.
In 2020, approx. X heads of animals slaughtered for lamb and sheep meat production in China; with an increase of X% on the year before. This number increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, this number reached the peak level in 2020 and is expected to retain growth in years to come.
Exports of Lamb and Sheep Meat
Exports from China
Lamb and sheep meat exports from China shrank significantly to X tonnes in 2020, waning by -X% on 2019. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.
In value terms, lamb and sheep meat exports fell dramatically to $X in 2020. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.
Exports by Country
Hong Kong SAR (X tonnes) was the main destination for lamb and sheep meat exports from China, with a X% share of total exports. Moreover, lamb and sheep meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tonnes), ninefold. The Dominican Republic (X tonnes) ranked third in terms of total exports with a X% share.
From 2007 to 2020, the average annual growth rate of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and the Dominican Republic (+X% per year).
In value terms, Hong Kong SAR ($X) remains the key foreign market for lamb and sheep meat exports from China, comprising X% of total exports. The second position in the ranking was occupied by Jordan ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.
From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-X% per year) and the Dominican Republic (+X% per year).
Export Prices by Country
The average lamb and sheep meat export price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2019, and then fell modestly in the following year.
There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Jordan ($X per tonne), while the average price for exports to Australia ($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 Jordan, while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lamb and Sheep Meat
Imports into China
In 2020, after three years of growth, there was significant decline in purchases abroad of lamb and sheep meat, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then fell in the following year.
In value terms, lamb and sheep meat imports shrank to $X in 2020. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then reduced in the following year.
Imports by Country
New Zealand (X tonnes), Australia (X tonnes) and Uruguay (X tonnes) were the main suppliers of lamb and sheep meat imports to China, with a combined X% share of total imports.
From 2007 to 2020, the biggest increases were in Uruguay, while purchases for the other leaders experienced more modest paces of growth.
In value terms, New Zealand ($X), Australia ($X) and Uruguay ($X) constituted the largest lamb and sheep meat suppliers to China, with a combined X% share of total imports.
Uruguay recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average lamb and sheep meat import price stood at $X per tonne in 2020, therefore, remained relatively stable against the previous year. In general, import price indicated a strong increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, lamb and sheep meat import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was New Zealand ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for lamb and sheep meat in China. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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