Indonesia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Indonesia

The Indonesian lamb and sheep meat market reached $X in 2022, leveling off at the previous year. Over the period under review, the total consumption indicated a pronounced 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, consumption increased by X% against 2020 indices. Lamb and sheep meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in Indonesia

In value terms, lamb and sheep meat production contracted to $X in 2022 estimated in export price. In general, the total production indicated slight growth 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in Indonesia amounted to X kg per head, therefore, remained relatively stable against 2021 figures. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 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 2020 to 2022, the growth of the average lamb and sheep meat yield remained at a somewhat lower figure.

In 2022, number of animals slaughtered for lamb and sheep meat production in Indonesia shrank slightly to X heads, approximately mirroring 2021. This number 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 2018 when the number of producing animals increased by X%. As a result, the amount of animals produced reached the peak level of X heads. From 2019 to 2022, the growth of this number failed to regain momentum.

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Exports of Lamb and Sheep Meat

Exports from Indonesia

Lamb and sheep meat exports from Indonesia stood at X kg in 2022, almost unchanged from 2021 figures. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lamb and sheep meat exports amounted to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for lamb and sheep meat exports from Indonesia, with a X% share of total exports. Moreover, lamb and sheep meat exports to Malaysia exceeded the volume sent to the second major destination, New Zealand (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, New Zealand ($X) and Malaysia ($X) were the largest markets for lamb and sheep meat exported from Indonesia worldwide.

In terms of the main countries of destination, New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Imports of Lamb and Sheep Meat

Imports into Indonesia

In 2022, supplies from abroad of lamb and sheep meat was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lamb and sheep meat imports surged to $X in 2022. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) was the main lamb and sheep meat supplier to Indonesia, accounting for a X% share of total imports. It was followed by New Zealand (X tons), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Singapore (X% per year).

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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