Overview of the Market for Lamb And Sheep Meat in Asia-Pacific
In value terms, lamb and sheep meat production surged to $ in 2018 estimated in export prices. Overall, production continues to indicate strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
China ( tonnes) constituted the country with the largest volume of lamb and sheep meat production, comprising approx. % of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia ( tonnes), threefold. The third position in this ranking was occupied by New Zealand ( tonnes), with a % share.
From 2007 to 2018, the average annual rate of growth in terms of volume in China amounted to +%. In the other countries, the average annual rates were as follows: Australia (+% per year) and New Zealand (-% per year).
The average lamb and sheep meat yield was estimated at kg per head in 2018, approximately mirroring the previous year's figure. In general, the yield recorded mild growth. The growth pace was the most rapid in 2009 when the yield increased by % y-o-y. The level of yield peaked in 2018 and is expected to retain growth in the near future.
In 2018, number of animals slaughtered for lamb and sheep meat production in Asia-Pacific reached heads, picking up by % on the previous year. Over the period under review, 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 % year-to-year. The level of producing animals peaked at heads in 2016; however, from 2017 to 2018, the producing animals remained at a lower figure.
The value of the lamb and sheep meat market in Asia-Pacific skyrocketed to $ in 2018, increasing 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 a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
From 2007 to 2018, the average annual rate of growth in terms of volume in China totaled +%. In the other countries, the average annual rates were as follows: Australia (-% per year) and India (-% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Australia ($). It was followed by India.
In China, the lamb and sheep meat market increased at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Australia (+% per year) and India (+% per year).
The countries with the highest levels of lamb and sheep meat per capita consumption in 2018 were New Zealand ( kg per person), Australia ( kg per person) and Afghanistan ( kg per person).
From 2007 to 2018, the most notable rate of growth in terms of lamb and sheep meat per capita consumption, amongst the key consuming countries, was attained by China, while lamb and sheep meat per capita consumption for the other leaders experienced a decline in the per capita consumption figures.