Report Update Apr 1, 2024

Myanmar - Lamb and Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Myanmar

The Myanmar's lamb and sheep meat market expanded to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, faced a abrupt decline. Lamb and sheep meat consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Lamb and Sheep Meat in Myanmar

In value terms, lamb and sheep meat production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of lamb and sheep meat in Myanmar fell markedly to X kg per head in 2022, with a decrease of X% on the previous year's figure. In general, the yield saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for lamb and sheep meat production in Myanmar surged to X heads, rising by X% compared with the previous year's figure. Over the period under review, the number of producing animals showed a mild expansion. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2020; however, from 2021 to 2022, producing animals failed to regain momentum.

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Exports of Lamb and Sheep Meat

Exports from Myanmar

In 2021, approx. X tons of lamb and sheep meat were exported from Myanmar; with a decrease of X% compared with the previous year's figure. Overall, exports, however, enjoyed a significant increase. The exports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, lamb and sheep meat exports fell markedly to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The exports peaked at $X in 2020, and then dropped sharply in the following year.

Exports by Country

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

From 2014 to 2021, the average annual rate of growth in terms of volume to Singapore stood at X%.

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

From 2014 to 2021, the average annual growth rate of value to Singapore totaled X%.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 a decrease of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2014 to 2021, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Lamb and Sheep Meat

Imports into Myanmar

In 2022, supplies from abroad of lamb and sheep meat was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a slight descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, lamb and sheep meat imports skyrocketed to $X in 2022. Over the period under review, imports showed mild growth. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main lamb and sheep meat supplier to Myanmar, with a X% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, Singapore (X kg), tenfold.

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

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

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

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?

The country with the largest volume of lamb and sheep meat consumption was China, comprising approx. 30% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey, eightfold. Algeria ranked third in terms of total consumption with a 3.5% share.

What are the largest producers of lamb and sheep meat in the world?

China remains the largest lamb and sheep meat producing country worldwide, comprising approx. 26% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia, fourfold. New Zealand ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of lamb and sheep meat to Myanmar?

In value terms, Australia constituted the largest supplier of lamb and sheep meat to Myanmar, comprising 92% of total imports. The second position in the ranking was taken by Singapore, with an 8.3% share of total imports.

What are the leading importers of lamb and sheep meat from Myanmar?

In value terms, Singapore emerged as the key foreign market for lamb and sheep meat exports from Myanmar.

What is the average export price for lamb and sheep meat in Myanmar?

In 2021, the average lamb and sheep meat export price amounted to $5,000 per ton, approximately equating the previous year.

What is the average import price for lamb and sheep meat in Myanmar?

In 2022, the average lamb and sheep meat import price amounted to $15,048 per ton, surging by 52% against the previous year.

This report provides an in-depth analysis of the market for lamb and sheep meat in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 977 - Meat of sheep

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023