Price for Frozen Lamb Carcasses and Half-Carcasses in the United States - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in the United States (CIF) - 2023
- Price for Frozen Lamb Carcasses and Half-Carcasses in the United States (FOB) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in the United States
- Exports of Frozen Lamb Carcasses and Half-Carcasses in the United States
Price for Frozen Lamb Carcasses and Half-Carcasses in the United States (CIF) - 2023
The average import price for frozen lamb carcasses and half-carcasseses stood at $6,299 per ton in August 2023, which is down by -6.4% against the previous month. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in April 2023 when the average import price increased by 5.3% m-o-m. Over the period under review, average import prices hit record highs at $7,715 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was New Zealand ($6,708 per ton), while the price for Australia ($5,944 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Lamb Carcasses and Half-Carcasses in the United States (FOB) - 2022
In 2022, the average export price for frozen lamb carcasses and half-carcasseses amounted to $9,705 per ton, increasing by 3.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 29%. The export price peaked at $12,025 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($21,265 per ton), while the average price for exports to the Dominican Republic ($6,703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bermuda (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Lamb Carcasses and Half-Carcasses in the United States
After three years of growth, supplies from abroad of frozen lamb carcasses and half-carcasseses decreased by -8.1% to 3.6K tons in 2022. In general, imports showed a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of 1.4% against the previous year.
In value terms, frozen lamb carcasses and half-carcasses imports shrank modestly to $27M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 12%. As a result, imports attained the peak of $27M, and then shrank modestly in the following year.
| Import of Frozen Lamb Carcasses and Half-Carcasses in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 6.0 | 6.2 | 8.4 | 10.4 | 20.1% |
| Australia | 14.4 | 12.8 | 11.9 | 7.4 | -19.9% |
| Chile | 2.1 | 3.3 | 3.9 | 4.6 | 29.9% |
| Uruguay | 0.9 | 1.8 | 2.4 | 2.9 | 47.7% |
| Mexico | N/A | 0.4 | 0.9 | 1.4 | 87.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.4 | 24.5 | 27.3 | 26.8 | 4.6% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to the United States in 2022:
- New Zealand (1302.7 tons)
- Australia (1090.6 tons)
- Chile (587.6 tons)
- Uruguay (410.9 tons)
- Mexico (237.1 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in the United States
Frozen lamb carcasses and half-carcasses exports from the United States soared to 151 tons in 2022, surging by 156% compared with the previous year. In general, exports enjoyed a resilient increase. 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 surged to $1.5M in 2022. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Lamb Carcasses and Half-Carcasses in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | 147 | 35.7 | 105 | 302 | 27.1% |
| Dominican Republic | 75.9 | 28.9 | 10.2 | 264 | 51.5% |
| Mexico | N/A | N/A | N/A | 246 | 0% |
| Barbados | 118 | 25.1 | 92.0 | 132 | 3.8% |
| Turks and Caicos Islands | 201 | 58.2 | 158 | 121 | -15.6% |
| Philippines | N/A | N/A | N/A | 96.6 | 0% |
| Antigua and Barbuda | 57.9 | 29.1 | 44.6 | 66.5 | 4.7% |
| Grenada | 29.4 | 10.1 | 33.0 | 61.4 | 27.8% |
| Saint Maarten (Dutch part) | 14.2 | 2.6 | 28.7 | 53.7 | 55.8% |
| Saint Lucia | N/A | N/A | 6.0 | 47.4 | 690.0% |
| Curacao | 65.0 | 51.0 | N/A | 14.0 | -40.1% |
| Jamaica | 107 | N/A | 2.8 | N/A | -83.8% |
| Others | 193 | 92.9 | 73.4 | 55.3 | -34.1% |
| Total | 1,009 | 333 | 554 | 1,461 | 13.1% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from the United States in 2022:
- Dominican Republic (39.5 tons)
- Mexico (33.5 tons)
- Bahamas (21.5 tons)
- Barbados (15.6 tons)
- Philippines (10.2 tons)
- Turks and Caicos Islands (6.7 tons)
- Saint Lucia (5.0 tons)
- Antigua and Barbuda (4.3 tons)
- Saint Maarten (Dutch part) (3.7 tons)
- Grenada (3.5 tons)
- Curacao (1.9 tons)
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