Portugal: Market for Lamb and Sheep Meat 2022

Market Size for Lamb and Sheep Meat in Portugal

In 2021, the Portuguese lamb and sheep meat market increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a slight decrease. 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 Lamb and Sheep Meat in Portugal

In value terms, lamb and sheep meat production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

In 2021, the average yield of lamb and sheep meat in Portugal rose rapidly to X kg per head, growing by X% against 2020 figures. Over the period under review, the yield, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The lamb and sheep meat yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for lamb and sheep meat production in Portugal amounted to X heads, standing approx. at 2020 figures. Overall, the total number of producing animals indicated a perceptible expansion from 2012 to 2021: its figure 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. Based on 2021 figures, number of animals slaughtered for lamb and sheep meat production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by X%. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2021, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Portugal

Lamb and sheep meat exports from Portugal fell to X tons in 2021, which is down by -X% on the previous year's figure. Over the period under review, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamb and sheep meat exports soared to $X in 2021. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Egypt (X tons) and Spain (X tons) were the main destinations of lamb and sheep meat exports from Portugal, together comprising X% of total exports. Italy, Oman, Qatar, Angola and the United Arab Emirates lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Egypt ($X) and Spain ($X) constituted the largest markets for lamb and sheep meat exported from Portugal worldwide, together accounting for X% of total exports. These countries were followed by Oman, Italy, Angola, Qatar and the United Arab Emirates, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lamb and sheep meat export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+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 2021, supplies from abroad of lamb and sheep meat was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, lamb and sheep meat imports skyrocketed to $X in 2021. Over the period under review, total imports indicated perceptible 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. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), France (X tons) and Greece (X tons) were the main suppliers of lamb and sheep meat imports to Portugal, together accounting for X% of total imports. These countries were followed by the Netherlands, Argentina, New Zealand and Belgium, which together accounted for a further X 2012 to 2021, the biggest increases were in Belgium (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 Greece ($X) appeared to be the largest lamb and sheep meat suppliers to Portugal, with a combined X% share of total imports. These countries were followed by the Netherlands, New Zealand, Argentina and Belgium, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lamb and sheep meat import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform