Nepal: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Nepal

The Nepalese lamb and sheep meat market declined modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, consumption attained the peak level of $X, and then fell modestly in the following year.

Production of Lamb and Sheep Meat in Nepal

In value terms, lamb and sheep meat production reached $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of lamb and sheep meat in Nepal reduced slightly to X kg per head, waning by X% against 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the yield reached the peak level of X kg per head, and then reduced in the following year.

In 2022, the number of animals slaughtered for lamb and sheep meat production in Nepal reached X heads, remaining stable against the year before. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by X% against the previous year. As a result, the amount of producing animals attained the peak level of X heads. From 2021 to 2022, the growth of this number failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports from Nepal

In 2014, the amount of lamb and sheep meat exported from Nepal surged to X kg, with an increase of X% compared with the year before. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamb and sheep meat exports declined notably to $X in 2014. The total export value increased at an average annual rate of X% over the period from 2012 to 2014; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Norway (X kg) was the main destination for lamb and sheep meat exports from Nepal, with a X% share of total exports. Moreover, lamb and sheep meat exports to Norway exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2014, the average annual rate of growth in terms of volume to Norway was relatively modest.

In value terms, the largest markets for lamb and sheep meat exported from Nepal were Norway ($X) and the United States ($X).

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2014, the average lamb and sheep meat export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Imports of Lamb and Sheep Meat

Imports into Nepal

In 2022, overseas purchases of lamb and sheep meat were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lamb and sheep meat imports soared to $X in 2022. Over the period under review, imports, however, recorded a slight descent. 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 Nepal, accounting for a X% share of total imports. It was followed by India (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

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

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

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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 mixed trend patterns.

Source: IndexBox Platform

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