Saudi Arabia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Saudi Arabia

The Saudi lamb and sheep meat market totaled $X in 2022, surging by X% against the previous year. Overall, consumption saw a mild shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Saudi Arabia

In value terms, lamb and sheep meat production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average lamb and sheep meat yield in Saudi Arabia amounted to X kg per head, remaining stable against 2021 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X%. The lamb and sheep meat yield peaked in 2022 and is expected to retain growth in the immediate term.

In 2022, the number of animals slaughtered for lamb and sheep meat production in Saudi Arabia stood at X heads, almost unchanged from the previous year's figure. In general, the number of producing animals, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

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Exports of Lamb and Sheep Meat

Exports from Saudi Arabia

Lamb and sheep meat exports from Saudi Arabia dropped remarkably to X tons in 2022, reducing by X% compared with the previous year. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, lamb and sheep meat exports fell dramatically to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for lamb and sheep meat exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, lamb and sheep meat exports to Yemen exceeded the volume sent to the second major destination, Oman (X tons), sevenfold. The third position in this ranking was taken by Seychelles (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Seychelles (X% per year).

In value terms, Yemen ($X) emerged as the key foreign market for lamb and sheep meat exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Seychelles ($X), with a X% share of total exports. It was followed by Bahrain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (X% per year) and Bahrain (X% per year).

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Yemen ($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 Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Saudi Arabia

In 2022, lamb and sheep meat imports into Saudi Arabia contracted to X tons, waning by X% against the previous year's figure. Overall, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, lamb and sheep meat imports fell sharply to $X in 2022. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia (X tons), New Zealand (X tons) and Spain (X tons) were the main suppliers of lamb and sheep meat imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), New Zealand ($X) and Spain ($X) constituted the largest lamb and sheep meat suppliers to Saudi Arabia, together accounting for X% of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, reducing 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 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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