Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway - 2022

Contents:

  1. Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (CIF) - 2022
  2. Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (FOB) - 2022
  3. Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway
  4. Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway

Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (CIF) - 2022

In 2022, the average import price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $9,351 per ton, which is down by -14.6% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 38% against the previous year. The import price peaked at $10,952 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($6,744 per ton), while the price for Denmark amounted to $2,538 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-1.0%), while the prices for the other major suppliers experienced a decline.

Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (FOB) - 2022

The average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses stood at $4,800 per ton in 2022, reducing by -4% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The export price peaked at $5,000 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2021 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway

In 2022, imports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses into Norway dropped notably to 74 kg, with a decrease of -28.8% on the previous year. Overall, imports showed a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 53%.

In value terms, imports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses reduced rapidly to $692 in 2022. In general, imports faced a sharp descent. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year.

Import of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia1,8622721,121789-24.9%
Denmark57.044.036.033.0-16.7%
Brazil488399N/AN/A-18.2%
Others-25.0-12.0-18.0-130.073.2%
Total2,3827031,139692-33.8%

Top Suppliers of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Norway in 2022:

  1. Estonia (117.0 kg)
  2. Denmark (13.0 kg)

Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway

Exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses from Norway shrank sharply to 5 kg in 2022, which is down by -16.7% against the previous year's figure. Over the period under review, exports saw a sharp curtailment.

In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses contracted significantly to $24 in 2022. Overall, exports continue to indicate a precipitous curtailment. The smallest decline of -19.1% was in 2020.

Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Norway (USD)
COUNTRY20212022CAGR,
2021-2022
United Arab EmiratesN/A41.00%
Denmark19.0N/A0%
Others11.0-17.0-254.5%
Total30.024.0-20.0%

Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Norway in 2022:

  1. United Arab Emirates (10.0 kg)

Source: IndexBox Market Intelligence Platform

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