Japan: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Japan

In 2022, the Japanese lamb and sheep meat market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated a strong expansion 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. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Lamb and Sheep Meat in Japan

In value terms, lamb and sheep meat production reached $X in 2022 estimated in export price. In general, the total production indicated a measured expansion 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 decreased 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 hit record highs at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average yield of lamb and sheep meat in Japan reached X kg per head, approximately reflecting the year before. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X%. The lamb and sheep meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for lamb and sheep meat production in Japan dropped modestly to X heads in 2022, which is down by X% compared with the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the number of animals produced reached the peak level of X heads, and then reduced modestly in the following year.

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Exports of Lamb and Sheep Meat

Exports from Japan

In 2022, exports of lamb and sheep meat from Japan plummeted to X tons, with a decrease of X% on the previous year. In general, exports faced a precipitous slump. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, lamb and sheep meat exports declined markedly to $X in 2022. Overall, exports continue to indicate a significant contraction. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Maldives (X tons) was the main destination for lamb and sheep meat exports from Japan, with a approx. X% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to Maldives was relatively modest.

In value terms, Maldives ($X) emerged as the key foreign market for lamb and sheep meat exports from Japan.

From 2021 to 2022, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

In 2022, the average lamb and sheep meat export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2021 to 2022, the rate of growth in terms of prices for Maldives amounted to X% per year.

Imports of Lamb and Sheep Meat

Imports into Japan

In 2022, purchases abroad of lamb and sheep meat was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, lamb and sheep meat imports surged to $X in 2022. In general, total imports indicated a strong 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. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X tons) constituted the largest lamb and sheep meat supplier to Japan, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled X%.

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

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%.

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 last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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