Portugal: Overview of the Market for Lamb and Sheep Meat 2021

Market Size for Lamb and Sheep Meat in Portugal

The Portuguese lamb and sheep meat market declined to $X in 2020, reducing by -X% against the previous year. Overall, consumption continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. Lamb and sheep meat consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Portugal

In value terms, lamb and sheep meat production shrank to $X in 2020 estimated in export prices. In general, production saw a mild setback. The growth pace was the most rapid in 2015 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

In 2020, the average lamb and sheep meat yield in Portugal dropped to X kg per head, with a decrease of -X% compared with the previous year. Over the period under review, the yield saw a noticeable descent. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the average lamb and sheep meat yield attained the peak level at X kg per head in 2013; however, from 2014 to 2020, the yield remained at a lower figure.

In 2020, the number of animals slaughtered for lamb and sheep meat production in Portugal reached X heads, remaining constant against the previous year. Overall, the total number of producing animals indicated a mild increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 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 with an increase of X% against the previous year. Over the period under review, this number attained the peak level in 2020 and is likely to see gradual growth in the near future.

Exports of Lamb and Sheep Meat

Exports from Portugal

In 2020, approx. X tonnes of lamb and sheep meat were exported from Portugal; with an increase of X% on the year before. Overall, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2012 to 2020, the growth exports failed to regain the momentum.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2020. In general, exports showed a perceptible expansion. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Spain (X tonnes), France (X tonnes) and Qatar (X tonnes) were the main destinations of lamb and sheep meat exports from Portugal, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Qatar (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamb and sheep meat exported from Portugal were France ($X), Spain ($X) and Qatar ($X), with a combined X% share of total exports.

Among the main countries of destination, Qatar (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lamb and Sheep Meat

Imports into Portugal

In 2020, purchases abroad of lamb and sheep meat decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, lamb and sheep meat imports reduced notably to $X in 2020. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, 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, the UK (X tonnes), threefold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+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 2020, 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

In 2020, the average lamb and sheep meat import price amounted to $X per tonne, stabilizing at the previous year. Over the last thirteen-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% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were France ($X per tonne) and New Zealand ($X per tonne), while the price for Argentina ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

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

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The country with the largest volume of lamb and sheep meat consumption was China (2.9M tonnes), accounting for 29% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (400K tonnes), sevenfold. Sudan (392K 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?

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China (2.5M tonnes) remains the largest lamb and sheep meat producing country worldwide, accounting for 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (736K tonnes), threefold. The third position in this ranking was occupied by New Zealand (440K tonnes), with a 4.4% share.

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

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In value terms, Spain ($13M) constituted the largest supplier of lamb and sheep meat to Portugal, comprising 39% of total imports. The second position in the ranking was occupied by France ($5.1M), with a 15% share of total imports. It was followed by the UK, with a 14% share.

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

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In value terms, the largest markets for lamb and sheep meat exported from Portugal were France ($1.6M), Spain ($1.5M) and Qatar ($603K), with a combined 83% share of total exports.

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

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In 2020, the average lamb and sheep meat export price amounted to $4,130 per tonne, reducing by -22.1% against the previous year.

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

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In 2020, the average lamb and sheep meat import price amounted to $6,707 per tonne, flattening at the previous year.

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