Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal - 2023
Contents:
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (CIF) - 2023
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (FOB) - 2023
- Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal
- Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (CIF) - 2023
The average import price for fresh or chilled lamb carcasses and half-carcasseses stood at $8,378 per ton in October 2023, declining by -8.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in February 2023 an increase of 30% m-o-m. Over the period under review, average import prices hit record highs at $10,295 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($9,525 per ton), while the price for Spain ($6,089 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (FOB) - 2023
The average export price for fresh or chilled lamb carcasses and half-carcasseses stood at $4,853 per ton in October 2023, which is down by -23.4% against the previous month. Over the period under review, the export price showed a mild downturn. The pace of growth was the most pronounced in February 2023 an increase of 62% month-to-month. The export price peaked at $9,133 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($12,265 per ton), while the average price for exports to Italy ($4,171 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal
In 2022, approx. 2.3K tons of fresh or chilled lamb carcasses and half-carcasseses were imported into Portugal; remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses expanded modestly to $18M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.8 | 4.1 | 8.0 | 10.1 | 38.5% |
| Spain | 4.7 | 3.0 | 5.0 | 4.7 | 0.0% |
| Italy | N/A | 0.5 | 0.9 | 1.2 | 54.9% |
| Greece | 1.7 | 1.1 | 2.9 | 1.1 | -13.5% |
| Ireland | 1.0 | 2.2 | 0.3 | 0.5 | -20.6% |
| Netherlands | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Belgium | 0.4 | 0.3 | 0.5 | 0.2 | -20.6% |
| United Kingdom | 2.5 | 2.2 | N/A | N/A | -12.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.3 | 13.5 | 17.7 | 18.2 | 8.4% |
Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to Portugal in 2022:
- France (1238.0 tons)
- Spain (639.2 tons)
- Greece (131.2 tons)
- Italy (122.4 tons)
- Ireland (47.0 tons)
- Belgium (38.1 tons)
- Netherlands (34.5 tons)
Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal
In 2022, the amount of fresh or chilled lamb carcasses and half-carcasseses exported from Portugal skyrocketed to 510 tons, picking up by 46% compared with the year before. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58%. As a result, the exports reached the peak of 640 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses soared to $2.4M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 99.6 | 72.8 | 320 | 1,195 | 128.9% |
| France | 1,849 | 1,273 | 1,498 | 981 | -19.0% |
| Romania | N/A | N/A | N/A | 185 | 0% |
| Spain | 29.4 | 1,208 | 253 | 18.4 | -14.5% |
| Others | 4.8 | 4.2 | 1.2 | 13.8 | 42.2% |
| Total | 1,983 | 2,558 | 2,072 | 2,393 | 6.5% |
Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from Portugal in 2022:
- Italy (282.2 tons)
- France (179.7 tons)
- Romania (42.0 tons)
- Spain (2.3 tons)
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