Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (CIF) - 2023
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (FOB) - 2023
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (CIF) - 2023
The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $7,387 per ton in November 2023, with a decrease of -1.8% against the previous month. Overall, import price indicated a resilient increase from November 2022 to November 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for fresh or chilled sheep (including lamb) boneless cutses decreased by -12.1% against June 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 71% month-to-month. As a result, import price reached the peak level of $8,659 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was New Zealand ($8,670 per ton), while the price for Australia ($6,993 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+6.8%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (FOB) - 2023
The average export price for fresh or chilled sheep (including lamb) boneless cutses stood at $8,858 per ton in November 2023, increasing by 5.4% against the previous month. In general, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 36% month-to-month. Over the period under review, the average export prices reached the maximum at $14,464 per ton in April 2023; however, from May 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 Switzerland ($23,285 per ton), while the average price for exports to France ($8,442 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 Canada (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK
In 2022, after two years of decline, there was significant growth in overseas purchases of fresh or chilled sheep (including lamb) boneless cutses, when their volume increased by 21% to 5.4K tons. Overall, imports, however, continue to indicate a abrupt decline.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses contracted to $38M in 2022. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 1.4%.
Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 10.4 | 5.7 | 3.6 | 17.8 | 19.6% |
New Zealand | 35.1 | 29.4 | 33.5 | 15.7 | -23.5% |
Australia | 4.1 | 5.6 | 4.7 | 4.2 | 0.8% |
Spain | 1.8 | 0.7 | 0.6 | 0.3 | -45.0% |
Others | 1.3 | 0.4 | 0.1 | N/A | -72.3% |
Total | 52.7 | 41.8 | 42.4 | 38.2 | -10.2% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to the UK in 2022:
- Ireland (3.6K tons)
- New Zealand (1.4K tons)
- Australia (0.4K tons)
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK
In 2022, overseas shipments of fresh or chilled sheep (including lamb) boneless cutses were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous decrease.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses shrank slightly to $14M in 2022. Over the period under review, exports, however, recorded a deep contraction.
Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 11.4 | 3.4 | 4.1 | 4.3 | -27.7% |
Belgium | 3.7 | 4.6 | 4.2 | 2.9 | -7.8% |
Switzerland | 0.8 | 1.4 | 2.2 | 2.6 | 48.1% |
Canada | N/A | 0.1 | N/A | 0.5 | 123.6% |
Hong Kong SAR | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
Netherlands | 1.4 | 0.8 | 0.4 | 0.3 | -40.2% |
Germany | 0.5 | 4.0 | 0.4 | 0.3 | -15.7% |
Italy | 1.7 | 0.8 | 0.2 | 0.1 | -61.1% |
Ireland | 5.2 | 5.7 | 1.8 | 0.1 | -73.2% |
Others | 0.5 | 0.5 | 0.7 | 2.7 | 75.4% |
Total | 25.4 | 21.6 | 14.3 | 14.2 | -17.6% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from the UK in 2022:
- France (367.6 tons)
- Belgium (168.6 tons)
- Switzerland (100.3 tons)
- Hong Kong SAR (63.7 tons)
- Canada (47.3 tons)
- Netherlands (30.8 tons)
- Ireland (19.2 tons)
- Germany (18.6 tons)
- Italy (6.9 tons)
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