Europe: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Europe

The Europe lamb and sheep meat market amounted to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Europe

In value terms, lamb and sheep meat production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the UK (X tons), Russia (X tons) and Spain (X tons), together comprising X% of total production. France, Ireland, Greece, Romania, Germany, Italy, Serbia and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average lamb and sheep meat yield in Europe shrank to X kg per head, approximately equating the year before. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the lamb and sheep meat yield hit record highs at X kg per head in 2017; however, from 2018 to 2022, the yield failed to regain momentum.

The global number of animals slaughtered for lamb and sheep meat production amounted to X heads in 2022, almost unchanged from the year before. Overall, the number of producing animals, however, saw a mild reduction. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

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Exports of Lamb and Sheep Meat

Exports in Europe

In 2022, the amount of lamb and sheep meat exported in Europe amounted to X tons, surging by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 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 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, lamb and sheep meat exports expanded significantly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The shipments of the five major exporters of lamb and sheep meat, namely the UK, Ireland, France, Spain and the Netherlands, represented more than two-thirds of total export. Belgium (X tons) and Greece (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lamb and sheep meat supplying countries in Europe were the UK ($X), Ireland ($X) and France ($X), with a combined X% share of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports in Europe

In 2022, supplies from abroad of lamb and sheep meat increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) represented the key importer of lamb and sheep meat, achieving X% of total imports. The UK (X tons) took the second position in the ranking, followed by Germany (X tons), the Netherlands (X tons), Italy (X tons) and Belgium (X tons). All these countries together held near X% share of total imports. Sweden (X tons) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of imports of lamb and sheep meat. At the same time, the Netherlands (X%), Sweden (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, France and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported lamb and sheep meat in Europe, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

In France, lamb and sheep meat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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