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U.S. - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Overview of the Market for Lamb And Sheep Meat 2021

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

In 2019, the U.S. lamb and sheep meat market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

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

In value terms, lamb and sheep meat production declined slightly to $X in 2019. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Lamb and sheep meat production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

In 2019, the average yield of lamb and sheep meat in the U.S. contracted to X kg per head, falling by -X% on the previous year's figure. In general, the yield showed a mild setback. The growth pace was the most rapid in 2012 when the yield increased by X% against the previous year. The lamb and sheep meat yield peaked at X kg per head in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure.

In 2019, the number of animals slaughtered for lamb and sheep meat production in the U.S. rose to X heads, surging by X% against the year before. In general, the number of producing animals, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% year-to-year. Over the period under review, this number reached the peak level at X heads in 2008; however, from 2009 to 2019, producing animals failed to regain the momentum.

Exports of Lamb And Sheep Meat

Exports from the U.S.

In 2019, the amount of lamb and sheep meat exported from the U.S. fell modestly to X tonnes, approximately mirroring the previous year. Overall, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a lower figure.

In value terms, lamb and sheep meat exports reduced to $X in 2019. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Mexico (X tonnes) was the main destination for lamb and sheep meat exports from the U.S., with a X% share of total exports. Moreover, lamb and sheep meat exports to Mexico exceeded the volume sent to the second major destination, Cayman Islands (X tonnes), threefold. Bahamas (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Mexico totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (+X% per year) and Bahamas (+X% per year).

In value terms, Mexico ($X), Bahamas ($X) and the Dominican Republic ($X) constituted the largest markets for lamb and sheep meat exported from the U.S. worldwide, with a combined X% share of total exports. Japan, Trinidad and Tobago, Canada, Cayman Islands, Italy, Singapore, Saint Maarten (Dutch part), Bermuda, Panama and Hong Kong SAR lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per tonne in 2019, remaining constant against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Bahamas ($X per tonne), while the average price for exports to Cayman Islands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas, 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 2019, approx. X tonnes of lamb and sheep meat were imported into the U.S.; growing by X% on the previous year. Overall, total imports indicated a tangible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future.

In value terms, lamb and sheep meat imports reached $X in 2019. In general, total imports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest lamb and sheep meat supplier to the U.S., 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 tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Australia stood at +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Australia stood at +X%.

Import Prices by Country

In 2019, the average lamb and sheep meat import price amounted to $X per tonne, approximately mirroring the previous year. In general, import price indicated temperate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lamb and sheep meat import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for Australia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?
+
The country with the largest volume of lamb and sheep meat consumption was China (2.8M tonnes), comprising approx. 28% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (390K tonnes), sevenfold. The third position in this ranking was occupied by Sudan (387K tonnes), with a 3.9% share.
What are the largest producers of lamb and sheep meat in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of lamb and sheep meat production, comprising approx. 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (732K tonnes), threefold. The third position in this ranking was occupied by New Zealand (449K tonnes), with a 4.5% share.
What are the leading suppliers of lamb and sheep meat to the U.S.?
+
In value terms, Australia ($687M) constituted the largest supplier of lamb and sheep meat to the U.S., comprising 71% of total imports. The second position in the ranking was occupied by New Zealand ($279M), with a 29% share of total imports.
What are the leading importers of lamb and sheep meat from the U.S.?
+
In value terms, the largest markets for lamb and sheep meat exported from the U.S. were Mexico ($3.1M), Bahamas ($2.1M) and the Dominican Republic ($1.2M), with a combined 36% share of total exports. Japan, Trinidad and Tobago, Canada, Cayman Islands, Italy, Singapore, Saint Maarten (Dutch part), Bermuda, Panama and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.
What is the average export price for lamb and sheep meat in the U.S.?
+
In 2019, the average lamb and sheep meat export price amounted to $5,735 per tonne, remaining stable against the previous year.
What is the average import price for lamb and sheep meat in the U.S.?
+
In 2019, the average lamb and sheep meat import price amounted to $8,616 per tonne, remaining relatively unchanged against the previous year.

Product coverage:
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the market for lamb and sheep meat in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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