Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK - 2023
Contents:
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (FOB) - 2023
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (CIF) - 2023
- Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK
- Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (FOB) - 2023
The average export price for fresh or chilled lamb carcasses and half-carcasseses stood at $7,757 per ton in November 2023, surging by 3.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs at $9,079 per ton in June 2023; however, from July 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($8,572 per ton), while the average price for exports to the Netherlands ($4,894 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (CIF) - 2023
In November 2023, the average import price for fresh or chilled lamb carcasses and half-carcasseses amounted to $4,974 per ton, with a decrease of -12.7% against the previous month. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 33% month-to-month. The import price peaked at $7,127 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ireland.
From November 2022 to November 2023, the rate of growth in terms of prices for Ireland amounted to -1.0% per month.
Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK
In 2022, exports of fresh or chilled lamb carcasses and half-carcasseses from the UK reached 58K tons, with an increase of 13% against the previous year's figure. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses expanded sharply to $459M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 130 | 143 | 248 | 215 | 18.3% |
Germany | 35.4 | 55.9 | 86.1 | 101 | 41.8% |
Belgium | 29.4 | 36.5 | 45.0 | 52.1 | 21.0% |
Ireland | 11.2 | 11.1 | 21.5 | 39.1 | 51.7% |
Netherlands | 21.0 | 14.3 | 14.1 | 9.7 | -22.7% |
Italy | 9.7 | 12.3 | 7.8 | 9.5 | -0.7% |
Kuwait | 1.4 | 4.7 | 2.0 | 8.8 | 84.6% |
Others | 10.4 | 12.2 | 9.7 | 23.5 | 31.2% |
Total | 248 | 290 | 434 | 459 | 22.8% |
Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from the UK in 2022:
- France (27.3K tons)
- Germany (12.7K tons)
- Belgium (5.8K tons)
- Ireland (5.2K tons)
- Netherlands (1.5K tons)
- Italy (1.3K tons)
- Kuwait (0.8K tons)
Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK
In 2022, supplies from abroad of fresh or chilled lamb carcasses and half-carcasseses was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt descent.
In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses soared to $6.2M in 2022. Over the period under review, imports, however, saw a deep downturn.
Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 1.3 | 0.4 | 0.8 | 5.9 | 65.6% |
Belgium | N/A | N/A | 0.1 | 0.2 | 100.0% |
France | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
Netherlands | 6.5 | 3.8 | 1.0 | N/A | -60.8% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 8.3 | 4.4 | 1.9 | 6.2 | -9.3% |
Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to the UK in 2022:
- Ireland (1043.0 tons)
- Belgium (37.4 tons)
- France (13.7 tons)
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