Mexico: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Mexico

In 2022, after two years of decline, there was growth in the Mexican sheep and goat meat market, when its value increased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Sheep and goat meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Mexico

In value terms, sheep and goat meat production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average sheep and goat meat yield in Mexico amounted to X kg per head, approximately equating the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for sheep and goat meat production in Mexico contracted slightly to X heads, flattening at the previous year. In general, the number of producing animals, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2021, and then reduced modestly in the following year.

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Exports of Sheep And Goat Meat

Exports from Mexico

In 2022, the amount of sheep and goat meat exported from Mexico contracted rapidly to X tons, shrinking by X% against the previous year's figure. In general, exports, however, saw a tangible increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, sheep and goat meat exports plummeted to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for sheep and goat meat exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for sheep and goat meat exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Sheep And Goat Meat

Imports into Mexico

For the fifth consecutive year, Mexico recorded decline in overseas purchases of sheep and goat meat, which decreased by X% to X tons in 2022. Over the period under review, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, sheep and goat meat imports contracted remarkably to $X in 2022. Overall, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to Mexico, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

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

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

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

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, falling by X% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price 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, sheep and goat meat import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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