Greece: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Greece

In 2022, the Greek lamb and sheep meat market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Greece

In value terms, lamb and sheep meat production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Lamb and sheep meat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in Greece fell to X kg per head, reducing by X% compared with 2021. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the average lamb and sheep meat yield reached the peak level at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, the number of animals slaughtered for lamb and sheep meat production in Greece amounted to X heads, therefore, remained relatively stable against the previous year. In general, the number of producing animals, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports from Greece

In 2022, approx. X tons of lamb and sheep meat were exported from Greece; which is down by X% on the previous year. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, lamb and sheep meat exports contracted significantly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Italy (X tons), Spain (X tons) and Portugal (X tons) were the main destinations of lamb and sheep meat exports from Greece, with a combined X% share of total exports. Romania, Oman, Denmark, Albania and Cyprus lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for lamb and sheep meat exported from Greece were Italy ($X), Spain ($X) and Portugal ($X), together accounting for X% of total exports. Romania, Oman, Denmark, Albania and Cyprus lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Greece

In 2022, purchases abroad of lamb and sheep meat was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, lamb and sheep meat imports soared to $X in 2022. In general, total imports indicated a mild 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, imports increased by X% against 2020 indices. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand (X tons), Romania (X tons) and Spain (X tons) were the main suppliers of lamb and sheep meat imports to Greece, together accounting for X% of total imports. The Netherlands, North Macedonia, France and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, New Zealand ($X) constituted the largest supplier of lamb and sheep meat to Greece, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, growing by X% 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 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Romania ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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