Price for Frozen Lamb Carcasses and Half-Carcasses in Malaysia - 2021
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Malaysia (CIF) - 2022
- Price for Frozen Lamb Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Malaysia
- Exports of Frozen Lamb Carcasses and Half-Carcasses in Malaysia
Price for Frozen Lamb Carcasses and Half-Carcasses in Malaysia (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $7,249 per ton, rising by 2.6% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lamb carcasses and half-carcasses import price increased by +67.1% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($7,487 per ton), while the price for Australia stood at $7,015 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Lamb Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
The average export price for frozen lamb carcasses and half-carcasseses stood at $5,132 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, the export price reached the peak level of $7,546 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +2.5% per year.
Imports of Frozen Lamb Carcasses and Half-Carcasses in Malaysia
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen lamb carcasses and half-carcasseses, when their volume increased by 1,139% to 1.1K tons. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen lamb carcasses and half-carcasses imports soared to $8.3M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Lamb Carcasses and Half-Carcasses in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.7 | 1.0 | 0.2 | 4.2 | 81.7% |
| Australia | 3.6 | 2.1 | 0.4 | 4.0 | 3.6% |
| Singapore | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 3.2 | 0.6 | 8.3 | 22.6% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Malaysia in 2022:
- Australia (574.7 tons)
- New Zealand (563.8 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in Malaysia
In 2022, approx. 17 tons of frozen lamb carcasses and half-carcasseses were exported from Malaysia; jumping by 118% against 2021. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen lamb carcasses and half-carcasses exports soared to $86K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Lamb Carcasses and Half-Carcasses in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 86.0 | 0% |
| Bangladesh | 17.8 | 26.4 | 39.1 | N/A | 48.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.8 | 26.4 | 39.1 | 86.0 | 69.1% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from Malaysia in 2022:
- China (16.8 tons)
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