Price for Frozen Lamb Carcasses and Half-Carcasses in the UK - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in the UK (CIF) - 2023
- Price for Frozen Lamb Carcasses and Half-Carcasses in the UK (FOB) - 2023
- Imports of Frozen Lamb Carcasses and Half-Carcasses in the UK
- Exports of Frozen Lamb Carcasses and Half-Carcasses in the UK
Price for Frozen Lamb Carcasses and Half-Carcasses in the UK (CIF) - 2023
The average import price for frozen lamb carcasses and half-carcasseses stood at $6,339 per ton in June 2023, jumping by 19% against the previous month. Over the period under review, the import price enjoyed a buoyant expansion. The growth pace was the most rapid in July 2022 when the average import price increased by 202% month-to-month. The import price peaked at $14,145 per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($11,812 per ton), while the price for Argentina ($4,795 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Lamb Carcasses and Half-Carcasses in the UK (FOB) - 2023
The average export price for frozen lamb carcasses and half-carcasseses stood at $4,211 per ton in June 2023, jumping by 45% against the previous month. Overall, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in October 2022 an increase of 163% against the previous month. Over the period under review, the average export prices hit record highs at $6,499 per ton in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United Arab Emirates ($8,442 per ton), while the average price for exports to Ghana ($1,351 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Lamb Carcasses and Half-Carcasses in the UK
In 2022, approx. 238 tons of frozen lamb carcasses and half-carcasseses were imported into the UK; which is down by -45% compared with the year before. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 276%. As a result, imports attained the peak of 433 tons, and then contracted dramatically in the following year.
In value terms, frozen lamb carcasses and half-carcasses imports shrank notably to $1.7M in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 480% against the previous year. As a result, imports attained the peak of $2.9M, and then reduced markedly in the following year.
| Import of Frozen Lamb Carcasses and Half-Carcasses in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,061 | 8.0 | 14.5 | 750 | -10.9% |
| Australia | N/A | 93.1 | 1,147 | 367 | 98.5% |
| Spain | 9.5 | 8.8 | 8.9 | 274 | 206.7% |
| Ireland | 160 | 79.3 | 879 | 188 | 5.5% |
| Romania | N/A | N/A | N/A | 110 | 0% |
| Portugal | N/A | N/A | N/A | 23.7 | 0% |
| Argentina | 228 | 60.6 | 645 | N/A | 68.2% |
| Iceland | N/A | 247 | N/A | N/A | 0% |
| Others | 12.2 | 1.9 | 199 | 24.6 | 26.3% |
| Total | 1,471 | 499 | 2,893 | 1,737 | 5.7% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to the UK in 2022:
- New Zealand (121.1 tons)
- Australia (40.3 tons)
- Ireland (36.2 tons)
- Spain (19.6 tons)
- Romania (12.0 tons)
- Portugal (4.2 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in the UK
In 2022, approx. 1K tons of frozen lamb carcasses and half-carcasseses were exported from the UK; jumping by 32% compared with the previous year's figure. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 154%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, frozen lamb carcasses and half-carcasses exports surged to $3.7M in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, the exports reached the peak of $4.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Frozen Lamb Carcasses and Half-Carcasses in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 160 | 333 | 555 | 933 | 80.0% |
| Japan | N/A | N/A | N/A | 766 | 0% |
| Singapore | N/A | N/A | N/A | 382 | 0% |
| Jordan | N/A | N/A | N/A | 301 | 0% |
| Hong Kong SAR | N/A | 503 | 709 | 271 | -26.6% |
| China | N/A | N/A | N/A | 232 | 0% |
| Ghana | N/A | 298 | 378 | 185 | -21.2% |
| France | 715 | 1,340 | 94.0 | 2.5 | -84.8% |
| Italy | 325 | 356 | N/A | N/A | 9.5% |
| Others | 909 | 1,852 | 454 | 654 | -10.4% |
| Total | 2,109 | 4,682 | 2,191 | 3,728 | 20.9% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from the UK in 2022:
- Japan (300.5 tons)
- Canada (223.3 tons)
- Ghana (136.9 tons)
- Singapore (110.0 tons)
- Hong Kong SAR (65.4 tons)
- Jordan (46.8 tons)
- China (44.7 tons)
- France (0.2 tons)
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