Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia (CIF) - 2022
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia (CIF) - 2022
The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $14,483 per ton in 2022, picking up by 43% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled sheep (including lamb) boneless cutses increased by +110.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 62%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($17,094 per ton), while the price for Australia stood at $12,763 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia
In 2022, the amount of fresh or chilled sheep (including lamb) boneless cutses imported into Malaysia declined significantly to 45 tons, with a decrease of -49% against 2021 figures. Overall, imports showed a dramatic decline. The smallest decline of -8.1% was in 2021.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses declined markedly to $648K in 2022. In general, imports saw a dramatic curtailment. The smallest decline of -10.8% was in 2021.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,474 | 624 | 636 | 344 | -38.4% |
| New Zealand | 160 | 320 | 196 | 304 | 23.9% |
| India | 54.7 | 46.5 | 39.6 | N/A | -14.9% |
| Others | 16.8 | 7.3 | 19.3 | N/A | 7.2% |
| Total | 1,706 | 998 | 891 | 648 | -27.6% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Malaysia in 2022:
- Australia (27.0 tons)
- New Zealand (17.8 tons)
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