Latin America and the Caribbean: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Latin America and the Caribbean

In 2021, after two years of growth, there was decline in the Latin American sheep and goat meat market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Production of Sheep And Goat Meat in Latin America and the Caribbean

In value terms, sheep and goat meat production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

The countries with the highest volumes of in 2021 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), together comprising X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Brazil (with a CAGR of +X%), 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, standing approx. at 2020. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for sheep and goat meat production in Latin America and the Caribbean declined to X heads, remaining stable against the previous year. Overall, the number of producing animals showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% 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 Latin America and the Caribbean

In 2021, approx. X tons of sheep and goat meat were exported in Latin America and the Caribbean; growing by X% against the previous year. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) was the main exporter of sheep and goat meat, making up X% of total exports. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Uruguay (X%) and Chile (X%).

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from Mexico stood at +X%. At the same time, Uruguay (+X%), Chile (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. While the share of Mexico (+X p.p.) and Uruguay (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest sheep and goat meat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, sheep and goat meat exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat export price decreased by -X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sheep And Goat Meat

Imports in Latin America and the Caribbean

In 2021, approx. X tons of sheep and goat meat were imported in Latin America and the Caribbean; jumping by X% against 2020. Overall, imports, however, showed a abrupt setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports stood at $X in 2021. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Cayman Islands (X tons) and Trinidad and Tobago (X tons) dominates imports structure, together mixing up X% of total imports. It was distantly followed by Mexico (X tons), constituting a X% share of total imports. Jamaica (X tons), Haiti (X tons), Saint Lucia (X tons), Curacao (X tons), British Virgin Islands (X tons) and Aruba (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cayman Islands (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X) constitutes the largest market for imported sheep and goat meat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Cayman Islands ($X), with a X% share of total imports. It was followed by Saint Lucia, with a X% share.

In Trinidad and Tobago, sheep and goat meat imports declined by an average annual rate of -X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Cayman Islands (+X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, shrinking by -X% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat import price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Trinidad and Tobago ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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