Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (CIF) - 2023
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (FOB) - 2022
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (CIF) - 2023
The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $16,486 per ton in November 2023, increasing by 10% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% against the previous month. As a result, import price reached the peak level of $18,620 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was New Zealand ($25,718 per ton), while the price for Australia totaled $13,087 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fresh or chilled sheep (including lamb) boneless cutses amounted to $16,831 per ton, increasing by 27% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled sheep (including lamb) boneless cutses increased by +61.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 71%. Over the period under review, the average export prices reached the peak figure at $18,088 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +10.3% per year.
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of fresh or chilled sheep (including lamb) boneless cutses, which decreased by -19.5% to 67 tons in 2022. Over the period under review, imports recorded a abrupt descent. The smallest decline of -0.4% was in 2020.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses declined to $1.1M in 2022. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 3% against the previous year.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 615 | 578 | 484 | 507 | -6.2% |
| New Zealand | 276 | 440 | 443 | 439 | 16.7% |
| United Kingdom | 395 | 117 | 268 | 113 | -34.1% |
| Ireland | 63.3 | 101 | 98.9 | 64.7 | 0.7% |
| Others | 2.0 | 24.0 | 3.5 | 5.0 | 35.7% |
| Total | 1,352 | 1,259 | 1,297 | 1,129 | -5.8% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Hong Kong SAR in 2022:
- Australia (36.0 tons)
- New Zealand (23.5 tons)
- United Kingdom (4.8 tons)
- Ireland (2.8 tons)
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of fresh or chilled sheep (including lamb) boneless cutses, which decreased by -78.4% to 569 kg in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -67.4% was in 2021.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses shrank significantly to $9.6K in 2022. Overall, exports showed a sharp reduction. The smallest decline of -63% was in 2021.
| Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 340 | 94.0 | 34.8 | 9.6 | -69.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 340 | 94.0 | 34.8 | 9.6 | -69.5% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from Hong Kong SAR in 2022:
- Macao SAR (569.0 kg)
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