Portugal: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Portugal

In 2022, the Portuguese lamb and sheep meat market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a slight contraction. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, 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 2022 estimated in export price. Overall, production continues to indicate a slight downturn. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in Portugal reduced slightly to X kg per head, which is down by X% on 2021 figures. In general, the yield saw a deep contraction. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The lamb and sheep meat yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for lamb and sheep meat production in Portugal; dropping by X% on 2021. In general, the total number of producing animals indicated pronounced growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for lamb and sheep meat production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports from Portugal

In 2022, exports of lamb and sheep meat from Portugal skyrocketed to X tons, with an increase of X% against the previous year's figure. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2022. In general, exports recorded prominent growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main destinations of lamb and sheep meat exports from Portugal, with a combined X% share of total exports. The United Arab Emirates, Romania, the Netherlands, Egypt and Angola lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Italy ($X) constituted the largest markets for lamb and sheep meat exported from Portugal worldwide, together comprising X% of total exports. The United Arab Emirates, the Netherlands, Romania, Angola and Egypt lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded 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

In 2022, the average lamb and sheep meat export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Portugal

In 2022, overseas purchases of lamb and sheep meat increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of lamb and sheep meat imports to Portugal, with a combined X% share of total imports. New Zealand, Greece, Argentina, Italy and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and the Netherlands ($X) were the largest lamb and sheep meat suppliers to Portugal, with a combined X% share of total imports. New Zealand, Greece, Argentina, Italy and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Ireland ($X per ton), while the price for Spain ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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