Sweden: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Sweden

The Swedish sheep and goat meat market soared to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Sheep And Goat Meat in Sweden

In value terms, sheep and goat meat production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of sheep and goat meat in Sweden shrank modestly to X kg per head in 2022, almost unchanged from 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then dropped in the following year.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Sweden; surging by X% on 2021 figures. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Sweden

In 2022, after six years of decline, there was significant growth in shipments abroad of sheep and goat meat, when their volume increased by X% to X tons. Over the period under review, exports posted resilient growth. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sheep and goat meat exports skyrocketed to $X in 2022. Overall, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for sheep and goat meat exports from Sweden, with a X% share of total exports. Moreover, sheep and goat meat exports to Finland exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Denmark (X% per year).

In value terms, Finland ($X) remains the key foreign market for sheep and goat meat exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Denmark (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Finland ($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 Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sheep And Goat Meat

Imports into Sweden

In 2022, supplies from abroad of sheep and goat meat was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ireland (X tons) constituted the largest sheep and goat meat supplier to Sweden, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Ireland exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the Netherlands (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of sheep and goat meat to Sweden, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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