Updated Jan 15, 2023 20:51

Market for Lamb and Sheep Meat in Qatar

Market Overview
In , after three years of decline, there was significant growth in the Qatari lamb and sheep meat market, when its value increased by % to $. Overall, consumption posted buoyant growth. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market failed to regain momentum.

In value terms, lamb and sheep meat production reached $ in estimated in export price. Overall, production posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of %. Lamb and sheep meat production peaked at $ in ; however, from to , production failed to regain momentum.

The average yield of lamb and sheep meat in Qatar rose rapidly to kg per heads in , with an increase of % against the previous year's figure. Overall, the yield, however, saw a dramatic descent. The pace of growth was the most pronounced in with an increase of % against the previous year. Over the period under review, the average lamb and sheep meat yield attained the peak level at kg per head in 2011; however, from 2012 to , the yield stood at a somewhat lower figure.

In , the number of animals slaughtered for lamb and sheep meat production in Qatar fell to heads, with a decrease of -% against the year before. In general, the number of producing animals recorded a perceptible decrease. The most prominent rate of growth was recorded in with an increase of %. Over the period under review, this number hit record highs at heads in 2014; however, from 2015 to , producing animals stood at a somewhat lower figure.


Consumption
In , the amount of lamb and sheep meat consumed in Qatar skyrocketed to tons, jumping by % against . Over the period under review, consumption enjoyed buoyant growth. Lamb and sheep meat consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The size of the lamb and sheep meat market in Qatar surged to $ in , picking up 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 posted resilient growth. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Driven by increasing demand for lamb and sheep meat in Qatar, the market is expected to continue an upward consumption trend over the next eight-year period. 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 tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Lamb and sheep meat market in Qatar consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Qatar relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Qatar 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 tons, 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.