Portugal: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Portugal

In 2021, the Portuguese sheep and goat meat market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a perceptible expansion 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. Based on 2021 figures, consumption increased by +X% against 2014 indices. Sheep and goat meat consumption peaked at $X in 2020, and then reduced in the following year.

Production of Sheep And Goat Meat in Portugal

In value terms, sheep and goat meat production fell slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average sheep and goat meat yield in Portugal stood at X kg per X heads, growing by X% on 2020 figures. Over the period under review, the yield, however, saw a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for sheep and goat meat production in Portugal amounted to X heads in 2021, therefore, remained relatively stable against 2020. Over the period under review, the total number of producing animals indicated a mild expansion from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for sheep and goat meat production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X%. Over the period under review, this number reached the peak level at X heads in 2019; however, from 2020 to 2021, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Portugal

In 2021, shipments abroad of sheep and goat meat increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a tangible expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep and goat meat exports surged to $X in 2021. Over the period under review, exports recorded measured growth. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons), France (X tons) and Luxembourg (X tons) were the main destinations of sheep and goat meat exports from Portugal, with a combined X% share of total exports. Switzerland, Macao SAR, the UK and Angola lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sheep and goat meat exported from Portugal were Oman ($X), France ($X) and Luxembourg ($X), together comprising X% of total exports. These countries were followed by Switzerland, the UK, Macao SAR and Angola, which together accounted for a further X the main countries of destination, Switzerland, with a CAGR of +X%, saw the highest rates of growth with regard to 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 sheep and goat meat export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Oman ($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 a decline.

Imports of Sheep And Goat Meat

Imports into Portugal

In 2021, sheep and goat meat imports into Portugal reduced sharply to X tons, with a decrease of -X% against the previous year. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, sheep and goat meat imports fell dramatically to $X in 2021. In general, total imports indicated prominent 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. Based on 2021 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

France (X tons), Spain (X tons) and Greece (X tons) were the main suppliers of sheep and goat meat imports to Portugal, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat suppliers to Portugal were France ($X), Greece ($X) and Spain ($X), together accounting for X% of total imports.

Greece, with a CAGR of +X%, saw the highest growth rate of 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 sheep and goat meat import price amounted to $X per ton, jumping by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Greece ($X per ton) and Spain ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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