U.S.: Market for Sheep And Goat Meat 2024

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

The U.S. sheep and goat 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. Sheep and goat meat consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, sheep and goat meat production reduced to $X in 2022. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in the United States was estimated at X kg per head in 2022, approximately equating the previous year's figure. In general, the yield, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.

In 2022, the number of animals slaughtered for sheep and goat meat production in the United States declined to X heads, flattening at 2021. Overall, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from the U.S.

In 2022, approx. X tons of sheep and goat meat were exported from the United States; increasing by X% compared with the previous year. In general, exports, however, showed a pronounced decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sheep and goat meat exports skyrocketed to $X in 2022. Overall, exports, however, saw a slight setback. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for sheep and goat meat exports from the United States, with a X% share of total exports. Moreover, sheep and goat 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 an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to 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, Mexico ($X), the Dominican Republic ($X) and Bahamas ($X) were the largest markets for sheep and goat meat exported from the United States worldwide, together accounting for X% of total exports. Canada, Turks and Caicos Islands, Trinidad and Tobago, Aruba, Saint Maarten (Dutch part), Cayman Islands, Antigua and Barbuda, Barbados, Suriname and Saint Lucia lagged somewhat behind, together accounting for a further X%.

Suriname, with a CAGR of X%, saw the highest growth rate of 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 sheep and goat meat export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Sheep And Goat Meat

Imports into the U.S.

In 2022, after ten years of growth, there was decline in purchases abroad of sheep and goat meat, when their volume decreased by X% to X tons. Overall, total imports indicated a resilient increase 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. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to the United States, with a X% share of total imports. Moreover, sheep and goat 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 growth rate of volume from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Mexico (X% per year).

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

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

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, increasing 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.

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 New Zealand ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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