Price for Frozen Lamb Carcasses and Half-Carcasses in Kuwait - 2021
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Kuwait (CIF) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Kuwait
Price for Frozen Lamb Carcasses and Half-Carcasses in Kuwait (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $5,044 per ton, with an increase of 3.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $5,609 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
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 the UK ($10,774 per ton), while the price for China ($2,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Lamb Carcasses and Half-Carcasses in Kuwait
Frozen lamb carcasses and half-carcasses imports into Kuwait soared to 236 tons in 2022, with an increase of 30% on the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year. As a result, imports attained the peak of 291 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen lamb carcasses and half-carcasses imports surged to $1.2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 74%. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Frozen Lamb Carcasses and Half-Carcasses in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 98.9 | 596 | 293 | 404 | 59.9% |
| Uruguay | 23.1 | 76.5 | 160 | 281 | 130.0% |
| China | 117 | 169 | 143 | 97.5 | -5.9% |
| United Kingdom | 223 | 158 | 28.6 | 94.1 | -25.0% |
| New Zealand | 61.9 | 169 | 53.5 | 61.0 | -0.5% |
| South Africa | 70.7 | 73.2 | 80.5 | 54.1 | -8.5% |
| Spain | 47.4 | 53.7 | 33.4 | 47.7 | 0.2% |
| Romania | 36.8 | 77.7 | 52.3 | 35.7 | -1.0% |
| Turkey | N/A | N/A | N/A | 34.4 | 0% |
| Argentina | 22.5 | 30.5 | 24.2 | 15.4 | -11.9% |
| Others | 161 | 97.3 | 15.5 | 67.5 | -25.2% |
| Total | 863 | 1,502 | 884 | 1,193 | 11.4% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Kuwait in 2022:
- Australia (69.5 tons)
- Uruguay (49.0 tons)
- China (46.9 tons)
- South Africa (11.8 tons)
- Spain (9.8 tons)
- Romania (8.8 tons)
- United Kingdom (8.7 tons)
- New Zealand (7.5 tons)
- Turkey (6.1 tons)
- Argentina (4.5 tons)
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