Market research

Sheep and goat meat market in Nicaragua

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The volume of Nicaragua's sheep and goat meat market grew steadily from 121.8 thousand tons in 2018 to 126.5 thousand tons in 2023. This expansion was initially supported by influential state-owned companies in the meat sector and the Fiscal Equity Law (Law No. 453) introduced in 2018, which adjusted the national tax regime to facilitate investments in agricultural production. These measures helped domestic output rise gradually from 120.6 thousand tons to 123.9 thousand tons over the period.

A shift in consumer preferences towards chilled and frozen meat products created a new market segment, particularly evident from 2020 onward. Enhanced cold chain infrastructure, with specific temperature standards for refrigerated and frozen cuts, enabled higher quality offerings. The increased demand for these convenient, quality products became a key driver of consumption growth in 2021, when the total market volume increased by 1.9 thousand tons.

The entry of new players into the market in 2022 boosted competition and supply. Concurrently, tighter labeling and traceability regulations aligned with international standards in 2023 improved consumer confidence. These developments, alongside ongoing state support for local production and processing infrastructure, sustained the market's growth momentum through 2023.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Nicaragua in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production sheep and goat meat in Nicaragua

In kind, 2017-2020, kg

Top producers of sheep and goat meat, 2017-2020

Source: SHEV.io

World map of production of sheep and goat meat, 2017-2020

Source: SHEV.io

Nicaragua's sheep and goat meat production has grown for the second year in a row. In 2020, the country produced 121 980 kg, showing a modest 0.7% year-over-year increase. The lowest production level was recorded in 2018 at 120 600 kg.

Annual dynamics of production in Nicaragua in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.0%)	0.4%	0.7%	0.4%

Source: SHEV.io

Exports sheep and goat meat from Nicaragua

Exports in kind, kg

Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Panama and Costa Rica were the only destinations for Nicaragua's sheep and goat meat exports, together representing 100.0% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nicaragua in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

Annual dynamics of product's exports from Nicaragua in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2017-2020 period, Panama and Costa Rica completely dominated Nicaragua's sheep and goat meat exports in value terms, accounting for 100.0% of total export revenue.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nicaragua in value, 2017-2020

Source: SHEV.io

Imports sheep and goat meat to Nicaragua

Imports in kind, kg

After declining for two consecutive years, Nicaragua's sheep and goat meat imports rebounded in 2020. Import volumes reached 1 067 kg, marking a substantial 19.6% increase compared to 2019. However, over the entire 2017-2020 period, imports fell by 51.9%, representing an average annual decline of 21.6%. The lowest import volume was recorded in 2019 at 892 kg.

Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(45.1%)	(26.8%)	19.6%	(21.6%)

Source: SHEV.io

Between 2017 and 2020, Australia was the primary source for Nicaragua's sheep and goat meat imports, supplying 85.4% of total import volumes, with other countries accounting for the remaining share.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nicaragua in kind, 2017-2020

Source: SHEV.io

Imports in value, $ US

Nicaragua's spending on sheep and goat meat imports declined for the third consecutive year in 2020. Import value dropped to 14 116 US dollars, representing a significant 26.2% decrease from the previous year. Over the 2017-2020 period, import values fell by 65.9%, equivalent to an average annual decline of 30.2%.

Annual dynamics of product's imports to Nicaragua in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(30.8%)	(33.3%)	(26.2%)	(30.2%)

Source: SHEV.io

From 2017 through 2020, Australia dominated Nicaragua's sheep and goat meat import market in value terms, accounting for 90.5% of total import spending, while other countries held much smaller shares.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nicaragua in value, 2017-2020

Source: SHEV.io