In 2023, the global sheepmeat production at the farm gate saw a significant contribution from China, with a value of $51.72 billion, reflecting a year-on-year increase of 7.76%. India followed at $16.64 billion, showing an 8.96% rise. New Zealand's production was valued at $2.37 billion, with a modest growth of 0.68%. South Africa experienced a slight decline to $0.90497 billion, with a -0.76% variation. Kazakhstan's production was $0.64465 billion, increasing by 3.76%. Norway and Iceland saw declines to $0.11235 billion and $0.03197 billion, with reductions of -3.65% and -5.13%, respectively.
Over the past five years, the Compound Annual Growth Rate (CAGR) has evidenced varying trends across countries, contributing to the shifting landscape in sheepmeat production.
Future trends to watch include potential market expansions in Asian countries, driven by increased demand and advancements in livestock farming practices. Sustainability and climate impact considerations will also play crucial roles in shaping production methods and international trade policies.
Top countries in Sheepmeat Production at Farm Gate by Country
| # | 7 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 51,720 | 2023 | +4.78% | +7.76% | View data |
| 2 | 2 India | 16,640 | 2023 | +6.9% | +8.96% | View data |
| 3 | 3 New Zealand | 2,370 | 2023 | +4.81% | +0.68% | View data |
| 4 | 4 South Africa | 904.97 | 2023 | +2.04% | -0.76% | View data |
| 5 | 5 Kazakhstan | 644.65 | 2023 | +2.53% | +3.76% | View data |
| 6 | 6 Norway | 112.35 | 2023 | +0.25% | -3.65% | View data |
| 7 | 7 Iceland | 31.97 | 2023 | -0.55% | -5.13% | View data |
