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Norway - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Overview of the Market for Lamb And Sheep Meat 2021

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Market Size for Lamb And Sheep Meat in Norway

In 2019, the Norwegian lamb and sheep meat market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a lower figure.

Production of Lamb And Sheep Meat in Norway

In value terms, lamb and sheep meat production expanded remarkably to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2016 to 2019, production growth remained at a lower figure.

The average yield of lamb and sheep meat in Norway stood at X kg per head in 2019, approximately equating the previous year. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% y-o-y. The lamb and sheep meat yield peaked at X kg per head in 2015; however, from 2016 to 2019, the yield stood at a somewhat lower figure.

In 2019, approx. X heads of animals slaughtered for lamb and sheep meat production in Norway; with a decrease of -X% against 2018. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the number of producing animals increased by X% y-o-y. As a result, the number of animals produced attained the peak level of X heads. From 2018 to 2019, the growth of this number failed to regain the momentum.

Exports of Lamb And Sheep Meat

Exports from Norway

Lamb and sheep meat exports from Norway was estimated at X tonnes in 2019, increasing by X% on 2018. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, lamb and sheep meat exports soared to $X in 2019. In general, exports saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2007 to 2019, the average annual growth rate of volume to Denmark amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Italy (-X% per year).

In value terms, Denmark ($X) emerged as the key foreign market for lamb and sheep meat exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Italy (+X% per year).

Export Prices by Country

The average lamb and sheep meat export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lamb And Sheep Meat

Imports into Norway

In 2019, overseas purchases of lamb and sheep meat decreased by -X% to X tonnes, falling for the sixth year in a row after three years of growth. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, lamb and sheep meat imports contracted to $X in 2019. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Iceland (X tonnes), New Zealand (X tonnes) and Uruguay (X tonnes) were the main suppliers of lamb and sheep meat imports to Norway, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Iceland, while purchases for the other leaders experienced a decline.

In value terms, New Zealand ($X), Iceland ($X) and Uruguay ($X) constituted the largest lamb and sheep meat suppliers to Norway, with a combined X% share of total imports.

Iceland saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per tonne in 2019, remaining stable against the previous year. Over the period under review, import price indicated a remarkable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lamb and sheep meat import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for Iceland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?
+
China (2.8M tonnes) constituted the country with the largest volume of lamb and sheep meat consumption, accounting for 28% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (390K tonnes), sevenfold. Sudan (387K tonnes) ranked third in terms of total consumption with a 3.9% share.
What are the largest producers of lamb and sheep meat in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of lamb and sheep meat production, accounting for 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (732K tonnes), threefold. New Zealand (449K tonnes) ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of lamb and sheep meat to Norway?
+
In value terms, New Zealand ($3.2M), Iceland ($2.2M) and Uruguay ($396K) were the largest lamb and sheep meat suppliers to Norway, together accounting for 97% of total imports.
What are the leading importers of lamb and sheep meat from Norway?
+
In value terms, Denmark ($576K) emerged as the key foreign market for lamb and sheep meat exports from Norway, comprising 79% of total exports. The second position in the ranking was occupied by Singapore ($91K), with a 13% share of total exports.
What is the average export price for lamb and sheep meat in Norway?
+
The average lamb and sheep meat export price stood at $4,544 per tonne in 2019, growing by 28% against the previous year.
What is the average import price for lamb and sheep meat in Norway?
+
The average lamb and sheep meat import price stood at $8,923 per tonne in 2019, stabilizing at the previous year.

Product coverage:
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the market for lamb and sheep meat in Norway. 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 2025.


Country coverage:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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