Northern America: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Northern America

The North American sheep and goat meat market skyrocketed to $X in 2021, with an increase of X% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value 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. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Northern America

In value terms, sheep and goat meat production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

The United States (X tons) remains the largest sheep and goat meat producing country in Northern America, comprising approx. X% of total volume.

In the United States, sheep and goat meat production contracted by an average annual rate of -X% over the period from 2012-2021.

The average sheep and goat meat yield expanded sharply to X kg per head in 2021, picking up by X% compared with 2020. In general, the yield continues to indicate a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for sheep and goat meat production in Northern America contracted modestly to X heads, shrinking by -X% against the year before. Overall, the number of producing animals showed a slight downturn. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by 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 Northern America

In 2021, sheep and goat meat exports in Northern America reached X tons, with an increase of X% compared with 2020 figures. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports soared to $X in 2021. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the main exporter of sheep and goat meat in Northern America, with the volume of exports reaching X tons, which was near X% of total exports in 2021. It was distantly followed by Canada (X tons), achieving an X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from the United States stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2012-2021. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest sheep and goat meat supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price showed modest growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Imports of Sheep And Goat Meat

Imports in Northern America

Sheep and goat meat imports soared to X tons in 2021, jumping by X% against the year before. Total imports indicated a mild expansion from 2012 to 2021: its volume 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. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value 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. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, accounting for X tons, which was near X% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up an X% share of total imports.

The United States was also the fastest-growing in terms of the sheep and goat meat imports, with a CAGR of +X% from 2012 to 2021. Canada (-X%) illustrated a downward trend over the same period. While the share of the United States (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported sheep and goat meat in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +X%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, declining by -X% against the previous year. Import price indicated measured growth 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. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Platform

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