U.S.: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in the U.S.

The U.S. lamb and sheep meat market expanded sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a strong 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Lamb and Sheep Meat in the U.S.

In value terms, lamb and sheep meat production dropped slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of lamb and sheep meat in the United States was estimated at X kg per head in 2022, approximately reflecting the year before. Overall, the yield, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2018 when the yield increased by X%. The lamb and sheep meat yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for lamb and sheep meat production in the United States; approximately equating the year before. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 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 2022, producing animals stood at a somewhat lower figure.

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Exports of Lamb and Sheep Meat

Exports from the U.S.

In 2022, the amount of lamb and sheep meat exported from the United States surged to X tons, increasing by X% on 2021. Overall, exports, however, saw a noticeable slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2022. In general, exports, however, saw a slight slump. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for lamb and sheep meat exports from the United States, with a X% share of total exports. Moreover, lamb and sheep meat exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. The third position in this ranking was taken by Cayman Islands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Cayman Islands (X% per year).

In value terms, the largest markets for lamb and sheep meat exported from the United States were Mexico ($X), the Dominican Republic ($X) and Bahamas ($X), together comprising X% of total exports. Canada, Trinidad and Tobago, Turks and Caicos Islands, Aruba, Bermuda, Saint Maarten (Dutch part), Antigua and Barbuda, Barbados, Cayman Islands and Suriname lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Suriname, with a CAGR of X%, recorded 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

In 2022, the average lamb and sheep meat export price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 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 Bermuda ($X per ton), while the average price for exports to Cayman Islands ($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 Bermuda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into the U.S.

In 2022, purchases abroad of lamb and sheep meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, lamb and sheep meat imports surged to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest lamb and sheep meat supplier to the United States, 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), fourfold.

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

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

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

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, 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.

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