Thailand: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Thailand

In 2022, the Thai lamb and sheep meat market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, the total consumption indicated a perceptible expansion 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lamb and Sheep Meat in Thailand

In value terms, lamb and sheep meat production rose sharply to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of lamb and sheep meat in Thailand contracted slightly to X kg per head in 2022, approximately mirroring the previous year's figure. Over the period under review, the yield continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 when the yield increased by X%. Over the period under review, the average lamb and sheep meat yield attained the maximum level at X kg per head in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for lamb and sheep meat production in Thailand stood at X heads, therefore, remained relatively stable against the previous year's figure. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the number of producing animals increased by X%. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports from Thailand

In 2022, overseas shipments of lamb and sheep meat decreased by X% to X kg for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports contracted rapidly to $X in 2022. In general, exports faced a precipitous slump. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for lamb and sheep meat exports from Thailand, with a X% share of total exports. It was followed by Turkey (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price recorded a strong expansion. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lamb and Sheep Meat

Imports into Thailand

In 2022, supplies from abroad of lamb and sheep meat increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a notable expansion from 2012 to 2022: its volume 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. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, lamb and sheep meat imports surged to $X in 2022. Over the period under review, total imports indicated a resilient 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest lamb and sheep meat supplier to Thailand, with a X% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to X%.

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to Thailand, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at X%.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price 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, lamb and sheep meat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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