Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (CIF) - 2022
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
- Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
- Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $6,547 per ton, with an increase of 7.3% against the previous year. In general, the import price posted tangible growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 77%. As a result, import price attained the peak level of $8,257 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($7,035 per ton), while the price for New Zealand amounted to $5,474 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
In 2022, the average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $2,167 per ton, surging by 32% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +32.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2021 to 2022, the rate of growth in terms of prices for the UK amounted to +19.3% per year.
Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
In 2022, the amount of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses imported into Malaysia soared to 63 tons, jumping by 111% against 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,291% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses soared to $414K in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,013%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 8.2 | 9.0 | 158 | 306 | 234.2% |
| New Zealand | 30.5 | 7.4 | 25.5 | 108 | 52.4% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 38.7 | 16.5 | 183 | 414 | 120.3% |
Top Suppliers of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Malaysia in 2022:
- Australia (43.5 tons)
- New Zealand (19.7 tons)
Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
Exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses from Malaysia declined markedly to 1.3 tons in 2022, shrinking by -91% on the year before. Overall, exports showed a significant curtailment.
In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses contracted significantly to $2.9K in 2022. Over the period under review, exports showed a sharp slump.
| Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United Kingdom | 3.5 | 2.9 | -17.1% | ||
| New Zealand | 10.5 | N/A | 0% | ||
| China | 7.0 | N/A | 0% | ||
| Australia | 3.5 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 24.5 | 2.9 | -88.2% | ||
Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Malaysia in 2022:
- United Kingdom (1.3 tons)
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