This statistic shows the price of sheep and lambs in the United Kingdom (UK) from 2003 to 2023, in pence per kilogram estimated dressed carcass weight. In 2023, the price of sheep and lambs Britain was **** British pounds per kilo of dressed carcass weight. Additionally, the prices of pigmeat in the United Kingdom can be found at the following.

The UK lamb and sheep meat market surged to $1.8B in 2024, growing by 15% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Lamb and sheep meat consumption peaked at $2B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

During the period under consideration the average annual output price index of sheep and lambs in the United Kingdom fluctuated with the lowest point in 1999 and another low in 2007, however since 2007, there had been a rising trend in the price index for sheep and lambs (for slaughter and export) in the UK with a peak in 2021 at 151.3 points.

British sheep farmers rely mostly on lamb meat production to generate revenue – other products like wool and raw milk make up only a small fraction of their production and offer lower profitability. Sheep farmers in the UK are experiencing a tumultuous period punctuated by record-high lamb prices and growing production challenges. The Sheep Farming industry's revenue is expected to swell at a compound annual rate of 3.9% over the five years through 2024-25 to £1.8 billion, including a 3.2% hike in 2024-25. This is the result of surging lamb prices and strong domestic and foreign demand for British lamb since 2023-24, trends that are set to stay strong in 2024-25. Despite recent growth, sheep farmers haven’t been spared from adverse weather conditions and disease outbreaks, including the Schmallenberg virus, which has hit lamb production, especially in Wales. Cold weather conditions worsened lamb mortality rates in early 2024, straining supply and fuelling price hikes, ultimately benefitting farmers’ revenue. This comes after a period of soaring production costs driven by high feed and fertiliser prices, resulting from the Russia-Ukraine conflict driving up gas prices. However, most of these cost pressures are easing, helping to prop up profit. Yet, competition from Australian and New Zealand lamb remains fierce, especially as new trade deals reduce tariffs, potentially making these imports even more attractive to UK buyers. Revenue is expected to grow at a compound annual rate of 1.5% over the five years through 2029-30 to £1.9 billion. Exports of lamb and wool to the EU will remain an important source of revenue for farmers, but competition with lamb farms from Australia and New Zealand will remain fierce. Growing health and environmental awareness is expected to cause some consumers to shift to healthier or more sustainable protein alternatives. Sustainability is also set to become a priority for sheep farmers thanks to the new Environmental Land Management Scheme, which could boost the popularity of British lamb among eco-conscious consumers.

The price of Lamb and Sheep Meat in May 2023 reached $8,934 per ton (FOB, United Kingdom), showing a 1.8% increase compared to the previous month.

This statistic looks at lamb wool prices by grade in the United Kingdom (UK) from 2015 to 2018. The grade of wool with the highest value was the *** grade, which in 2018 was valued at **** British pounds per kilo.

This statistic shows the average price paid per kilogram for fresh and frozen lamb in the United Kingdom from 2005 to 2015. In 2012, the average price paid for lamb was 7.88 British pounds per kilogram, a slight decrease on 2011.

Discover the forecast for the lamb and sheep meat market in the UK over the next decade, with an expected increase in consumption and market performance. By 2035, the market volume is projected to reach 285K tons and the market value to hit $1.8B in nominal prices.

Fresh Sheep Meat Price Per Unit in the UK, 2019 Discover more data with ReportLinker!

Price for Lamb and Sheep Meat in the UK - 2023. Find the latest marketing data on the IndexBox platform.

Forecast: Fresh Sheep Meat Market Size Value in the UK 2023 - 2027 Discover more data with ReportLinker!

This statistic shows the value of mutton and lamb production in the United Kingdom (UK) from 2003 to 2022 (in million GBP). In 2022, the value of mutton and lamb production was worth around **** billion British pounds.

Fresh Sheep Meat Market Size Value Per Capita in the UK, 2021 Discover more data with ReportLinker!

This statistic shows the average retail price per kilogram for lamb in Great Britain from January 2015 to December 2016. In May 2016, the average retail price was 804.1 pence per kilogram, compared to 799.7 in May 2015.

Forecast: Fresh Sheep Meat Market Size Value Per Capita in the UK 2023 - 2027 Discover more data with ReportLinker!

In 2022, the number one country of origin for the United Kingdom’s lamb and mutton imports was New Zealand. Imports from Oceania came to a total of about 12.6 million metric tons of lamb from New Zealand and about 5.3 million metric tons from Australia. The biggest provider of lamb and mutton from Europe was Ireland with around 3.4 million metric tons. Compared to the prior year, imports were down. However, providers such as Ireland grew in volume in these years, while imports from all countries mentioned above had shrunk.

Trade in detail

While in the past decade import values were often higher than in 2018, they have now dropped lower than any import value since 2017. In 2021, imports were valued at about 265 million British pounds, over 130 million British pounds fewer than imports in 2018.

UK lamb and mutton market

The UK had about 22.4 million sheep and lambs as of 2022, increasing slightly from the previous year. On Average, consumers purchased 32 grams of mutton and lamb per person per week in 2020/21.

Statistics illustrates consumption, production, prices, and trade of Lamb and Sheep Meat in British Virgin Islands from 2007 to 2024.

This statistic shows the value of lamb and mutton imported into the United Kingdom (UK) from 2007 to 2022. Imports of lamb and mutton were valued at approximately *** million British pounds in 2023. Additionally, the export value of lamb and mutton in the United Kingdom can be found at the following.