
Portugal - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Overview of the Market for Lamb And Sheep Meat 2021
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Market Size for Lamb And Sheep Meat in Portugal
The Portuguese lamb and sheep meat market rose to $X in 2019, growing by X% against the previous year. Overall, consumption recorded a mild downturn. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Lamb and sheep meat consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
Production of Lamb And Sheep Meat in Portugal
In value terms, lamb and sheep meat production rose remarkably to $X in 2019 estimated in export prices. In general, production, however, showed a slight decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. Lamb and sheep meat production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.
The average yield of lamb and sheep meat in Portugal was estimated at X kg per head in 2019, surging by X% on the year before. In general, the yield, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the yield increased by X% y-o-y. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2013; however, from 2014 to 2019, the yield failed to regain the momentum.
In 2019, number of animals slaughtered for lamb and sheep meat production in Portugal totaled X heads, with an increase of X% against the previous year's figure. Over the period under review, the total number of producing animals indicated a modest increase from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, number of animals slaughtered for lamb and sheep meat production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the maximum level in 2019 and is likely to see gradual growth in the near future.
Exports of Lamb And Sheep Meat
Exports from Portugal
In 2019, overseas shipments of lamb and sheep meat decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.
In value terms, lamb and sheep meat exports dropped notably to $X in 2019. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.
Exports by Country
France (X tonnes) was the main destination for lamb and sheep meat exports from Portugal, accounting for a X% share of total exports. Moreover, lamb and sheep meat exports to France exceeded the volume sent to the second major destination, Spain (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.
From 2007 to 2019, the average annual growth rate of volume to France amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and Italy (+X% per year).
In value terms, France ($X) remains the key foreign market for lamb and sheep meat exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Italy, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value to France stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and Italy (+X% per year).
Export Prices by Country
In 2019, the average lamb and sheep meat export price amounted to $X per tonne, with an increase of X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Spain ($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 Luxembourg, while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lamb And Sheep Meat
Imports into Portugal
In 2019, purchases abroad of lamb and sheep meat decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes, and then declined notably in the following year.
In value terms, lamb and sheep meat imports contracted significantly to $X in 2019. Overall, total imports indicated a modest increase from 2007 to 2019: its value decreased 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.
Imports by Country
In 2019, Spain (X tonnes) constituted the largest lamb and sheep meat supplier to Portugal, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).
In value terms, Spain ($X) constituted the largest supplier of lamb and sheep meat to Portugal, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the UK, with a X% share.
From 2007 to 2019, the average annual growth rate of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).
Import Prices by Country
The average lamb and sheep meat import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne; afterwards, it flattened through to 2019.
Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Argentina ($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 more modest paces of growth.
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) remains the largest lamb and sheep meat consuming country worldwide, 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. The third position in this ranking was occupied by Sudan (387K tonnes), with a 3.9% share.
What are the largest producers of lamb and sheep meat in the world?+
China (2.5M tonnes) remains the largest lamb and sheep meat producing country worldwide, comprising approx. 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 Portugal?+
In value terms, Spain ($15M) constituted the largest supplier of lamb and sheep meat to Portugal, comprising 36% of total imports. The second position in the ranking was occupied by France ($6.8M), with a 17% share of total imports. It was followed by the UK, with a 13% share.
What are the leading importers of lamb and sheep meat from Portugal?+
In value terms, France ($2.2M) remains the key foreign market for lamb and sheep meat exports from Portugal, comprising 65% of total exports. The second position in the ranking was occupied by Spain ($480K), with a 14% share of total exports. It was followed by Italy, with a 8.9% share.
What is the average export price for lamb and sheep meat in Portugal?+
The average lamb and sheep meat export price stood at $5,347 per tonne in 2019, growing by 3.2% against the previous year.
What is the average import price for lamb and sheep meat in Portugal?+
The average lamb and sheep meat import price stood at $6,612 per tonne in 2019, surging by 1.6% against the previous year.
This report provides an in-depth analysis of the market for lamb and sheep meat in Portugal. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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