Market for Lamb And Sheep Meat in Israel
Market Overview
The Israeli lamb and sheep meat market fell significantly to $
in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
In value terms, lamb and sheep meat production contracted rapidly to $ in estimated in export prices. Overall, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
In, the average yield of lamb and sheep meat in Israel totaled kg per head, therefore, remained relatively stable against 2019 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by % year-to-year. Over the period under review, the average lamb and sheep meat yield hit record highs in and is likely to see gradual growth in years to come.
In, approx. heads of animals slaughtered for lamb and sheep meat production in Israel; which is down by -% on the previous year. This number increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the number of producing animals increased by % against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at heads in 2014; however, from 2015 to , producing animals remained at a lower figure.
in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.In value terms, lamb and sheep meat production contracted rapidly to $
in estimated in export prices. Overall, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.In
, the average yield of lamb and sheep meat in Israel totaled kg per head, therefore, remained relatively stable against 2019 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by % year-to-year. Over the period under review, the average lamb and sheep meat yield hit record highs in and is likely to see gradual growth in years to come.In
, approx. heads of animals slaughtered for lamb and sheep meat production in Israel; which is down by -% on the previous year. This number increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the number of producing animals increased by % against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at heads in 2014; however, from 2015 to , producing animals remained at a lower figure.Consumption
In , consumption of lamb and sheep meat in Israel rose modestly to tonnes, surging by % against 2019 figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2014; however, from 2015 to , consumption remained at a lower figure.
The value of the lamb and sheep meat market in Israel fell markedly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by % year-to-year. Lamb and sheep meat consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.
, consumption of lamb and sheep meat in Israel rose modestly to tonnes, surging by % against 2019 figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2014; however, from 2015 to , consumption remained at a lower figure.The value of the lamb and sheep meat market in Israel fell markedly to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by % year-to-year. Lamb and sheep meat consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.Market Forecast
Driven by increasing demand for lamb and sheep meat in Israel, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Israel increased significantly over the last thirteen-year period (from % to %). Total import supply of lamb and sheep meat is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of lamb and sheep meat is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Israel remains a net importer of lamb and sheep meat; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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