A lucrative Middle East export market is likely to limit local price declines
UAE
Qatar
Kuwait
Rest of World
4 500
Growth in lamb and mutton exports has increased substantially over the last four years
4 000
3 500
3 000
2 500
2 000
1 500
1 000
500
0
2017
2018
2019
2020
2021
2022
UAE Qatar
Kuwait Rest of World
Source: Trademap, 2023
23
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