In 2023, New Zealand dominated the global export market of frozen sheep carcasses and half carcasses with a substantial share of 64.11%, experiencing a growth of 3.07% from the previous year. Australia followed with a 15.63% share but saw a slight decline of 0.7%. Notably, Spain, Italy, and India exhibited impressive growth rates of 4.1%, 6.71%, and 5.25% respectively. Conversely, Uruguay and Iceland experienced a significant downturn, with declines of 4.41% and 9.69% respectively.
The five-year compound annual growth rate (CAGR) highlights widespread variation, with many countries like Italy, Kazakhstan, and the Netherlands showing robust positive trends, while others such as France and Luxembourg struggled significantly with declines.
Future trends to watch for:
- The impact of changing trade policies and tariffs on leading exporters like New Zealand and Australia.
- Potential market expansion in countries with strong growth such as Spain and India, potentially altering the competitive landscape.
- Monitoring the effects of evolving consumer preferences and environmental concerns on global meat demand, including frozen sheep products.
Top countries in Export of Frozen Sheep Carcasses and Half Carcasses Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 64.11 | 2023 | +3.99% | +3.07% | View data |
| 2 | 2 Australia | 15.63 | 2023 | -0.86% | -0.7% | View data |
| 3 | 3 Spain | 5.24 | 2023 | +6.04% | +4.1% | View data |
| 4 | 4 Moldova | 2.61 | 2023 | +3.78% | +2.37% | View data |
| 5 | 5 Singapore | 2.27 | 2023 | +6.76% | +1.29% | View data |
| 6 | 6 Romania | 1.99 | 2023 | +6.16% | +3.06% | View data |
| 7 | 7 Netherlands | 1.48 | 2023 | +5.84% | +5.03% | View data |
| 8 | 8 Italy | 1.34 | 2023 | +5.38% | +6.71% | View data |
| 9 | 9 Uruguay | 1.29 | 2023 | -0.25% | -4.41% | View data |
| 10 | 10 India | 1.28 | 2023 | +2.21% | +5.25% | View data |
