Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $3,587 per ton in December 2023, remaining constant against the previous month. Over the period under review, the import price saw a noticeable decline. The growth pace was the most rapid in May 2023 an increase of 4.1% m-o-m. The import price peaked at $4,948 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($3,946 per ton), while the price for Australia ($3,162 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Uruguay (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (FOB) - 2023
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $10,710 per ton in December 2023, shrinking by -3.6% against the previous month. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in March 2023 an increase of 20% against the previous month. As a result, the export price reached the peak level of $12,469 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From December 2022 to December 2023, the rate of growth in terms of prices for Kuwait amounted to 0.0% per month.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) imported into China fell to 293K tons, which is down by -7.2% compared with 2021 figures. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.3%.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) reduced to $1.7B in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $1.8B, and then reduced in the following year.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 879 | 841 | 1,143 | 1,003 | 4.5% |
| Australia | 682 | 593 | 652 | 679 | -0.1% |
| Others | 29.3 | 32.1 | 36.2 | 32.6 | 3.6% |
| Total | 1,590 | 1,466 | 1,831 | 1,715 | 2.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to China in 2022:
- New Zealand (159.4K tons)
- Australia (127.3K tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exported from China dropped slightly to 788 tons, which is down by -1.7% on 2021 figures. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 801 tons, and then contracted in the following year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) reduced slightly to $9.7M in 2022. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports reached the peak of $10M, and then reduced in the following year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 5.8 | 5.4 | 10.0 | 9.3 | 17.0% |
| Kuwait | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Total | 6.1 | 5.5 | 10.1 | 9.7 | 16.7% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from China in 2022:
- Hong Kong SAR (749.2 tons)
- Kuwait (23.7 tons)
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