The sheepmeat production value at the farm gate in China has shown a significant growth trend over the years. From 2013, with 25.7 billion euros, it showed some initial decline until 2015, followed by gradual recovery and strong growth from 2017 onwards. In 2023, production stood at 50.14 billion euros, reflecting robust year-on-year growth. Notably, the last two years (2022 to 2023) witnessed consistent growth rates of over 7.5%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was approximately 10.7%, showing average robust yearly growth. Future forecasts predict continued steady growth with a five-year CAGR of about 4.75% up to 2028.
Future trends to watch for include potential impacts of advancements in farming technologies, policy changes, and shifts in consumer demand influenced by economic conditions and dietary trends. These factors will be pivotal in shaping the trajectory of sheepmeat production in China.
