The fresh sheep meat market in Spain experienced significant fluctuations over the past decade. From a high of 97.619 million kilograms in 2013, there was a general decline until 2023 when it stood at 75.994 million kilograms. This change marks an approximately 22% volume reduction over the past ten years. Particularly, the market saw marked drops between 2013 and 2016, followed by a period of modest recovery and stabilization from 2017 to 2019. However, the trend skewed downward again beginning in 2020.
Over the last two years, the market saw year-on-year declines of -4.52% in 2022 and -4.69% in 2023. The five-year CAGR up to 2023 is -3.06%, indicating a consistent downward trend.
For the forecasted period (2024-2028), the market is expected to continue its decline, averaging a CAGR of -4.35%, ultimately leading to a nearly 20% drop by 2028 from the 2023 levels.
Future trends to watch for include potential shifts in consumer preferences, sustainability trends, changes in livestock practices, and market responses to economic conditions. Monitoring these factors will be crucial to understanding the trajectory of the fresh sheep meat market in Spain.
