Key Market Indicators
Portuguese sheep exports are set to reach almost $80 million by 2026, up from $61 million in 2021. This represents a 4.2% compound annual growth rate since 1993, when the country saw a 44.4% increase in supply. Portugal was the fifth-largest exporter in 2021, with Jordan overtaking the country's export amount of $61 million. Spain, Australia, and Jordan respectively came in the second, third, and fourth spots in the ranking. In terms of imports, Portugal is expected to reach $27.8 million by 2026, up from $21.9 million in 2021. This represents a 3.7% compound annual growth rate since 1993, when the country saw a 19.9% increase in demand. Portugal came in 14th place in 2021, with Germany coming ahead with $21.9 million. Qatar, Kuwait, and Israel respectively were the second, third, and fourth in the ranking.