Europe: Market for Sheep And Goat Meat 2023

Market Size for Sheep And Goat Meat in Europe

The Europe sheep and goat meat market declined modestly to $X in 2021, flattening at the previous year. In general, consumption saw a mild reduction. The growth pace was the most rapid in 2020 with an increase of 3.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Europe

In value terms, sheep and goat meat production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 4.9% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were the UK (X tons), Russia (X tons) and Spain (X tons), with a combined 53% share of total production. These countries were followed by France, Greece, Ireland, Romania, Germany, Serbia, Italy, Albania and Norway, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Serbia (with a CAGR of +3.0%), while production for the other leaders experienced more modest paces of growth.

The average sheep and goat meat yield stood at X kg per head in 2021, flattening at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by 3.1%. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield remained at a lower figure.

In 2021, number of animals slaughtered for sheep and goat meat production in Europe amounted to X heads, therefore, remained relatively stable against 2020. In general, the number of producing animals, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of 1.9% against the previous year. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2021, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports in Europe

Sheep and goat meat exports expanded significantly to X tons in 2021, surging by 6.5% against the year before. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 15%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, sheep and goat meat exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Spain (X tons), Ireland (X tons), France (X tons) and the Netherlands (X tons) represented roughly 85% of total exports in 2021. Belgium (X tons) and Greece (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Ireland ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 58% of total exports.

Among the main exporting countries, France, with a CAGR of +18.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports in Europe

For the sixth year in a row, Europe recorded decline in supplies from abroad of sheep and goat meat, which decreased by -4.5% to X tons in 2021. In general, imports saw a slight decline. The growth pace was the most rapid in 2013 with an increase of 5.6%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sheep and goat meat imports rose significantly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

France was the key importing country with an import of about X tons, which accounted for 35% of total imports. The UK (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Germany (11%), the Netherlands (8.3%), Italy (7.4%) and Belgium (5.3%). Sweden (X tons) took a relatively small share of total imports.

France experienced a relatively flat trend pattern with regard to volume of imports of sheep and goat meat. At the same time, the Netherlands (+3.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of +3.9% from 2012-2021. Sweden, Germany and Italy experienced a relatively flat trend pattern. By contrast, Belgium (-3.0%) and the UK (-6.2%) illustrated a downward trend over the same period. France (+4.4 p.p.), the Netherlands (+3.2 p.p.) and Germany (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the UK saw its share reduced by -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported sheep and goat meat in Europe, comprising 33% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

In France, sheep and goat meat imports expanded at an average annual rate of +3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (-5.0% per year) and Germany (+0.1% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belgium ($X per ton) and Germany ($X per ton), while Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :