Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia - 2023
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (CIF) - 2022
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
In December 2023, the average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $3,236 per ton, increasing by 1.8% against the previous month. Overall, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 3.8% m-o-m. Over the period under review, the average export prices hit record highs at $3,992 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In December 2023, the countries with the highest prices were Malaysia ($3,516 per ton) and Bahrain ($3,343 per ton), while the average price for exports to Saudi Arabia ($2,963 per ton) and Indonesia ($3,014 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (CIF) - 2022
In 2022, the average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,084 per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. Over the period under review, average import prices hit record highs at $5,084 per ton in 2020; afterwards, it flattened through to 2022.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2020 to 2022, the rate of growth in terms of prices for the United States amounted to +0.9% per year.
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
In 2022, the amount of frozen sheep (excluding lamb) carcasses and half-carcasseses exported from Australia soared to 11K tons, growing by 53% against the previous year's figure. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 123% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses soared to $55M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 183% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 2.1 | 14.0 | 24.6 | 166.5% |
| China | 8.6 | 4.2 | 4.4 | 6.9 | -7.1% |
| Indonesia | 2.6 | 1.0 | 1.2 | 6.8 | 37.8% |
| Malaysia | 3.2 | 1.6 | 4.1 | 6.1 | 24.0% |
| Oman | 5.5 | 1.3 | 0.3 | 2.3 | -25.2% |
| Jamaica | 2.1 | 1.0 | 0.4 | 2.1 | 0.0% |
| Qatar | 0.2 | 0.1 | N/A | 1.1 | 76.5% |
| Singapore | 1.0 | 0.5 | 0.2 | 0.5 | -20.6% |
| Others | 4.1 | 3.6 | 18.7 | 4.2 | 0.8% |
| Total | 28.6 | 15.4 | 43.5 | 54.6 | 24.1% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Australia in 2022:
- United States (4.9K tons)
- China (1.5K tons)
- Indonesia (1.4K tons)
- Malaysia (1.1K tons)
- Oman (0.5K tons)
- Jamaica (0.4K tons)
- Qatar (0.2K tons)
- Singapore (0.1K tons)
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
In 2022, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses into Australia was estimated at 25 tons, leveling off at 2021 figures. Over the period under review, imports continue to indicate a dramatic slump. The smallest decline of 99.9% was in 2021.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses totaled $125K in 2022. In general, imports showed a sharp contraction. The smallest decline of 99.9% was in 2021.
| Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 61.0 | N/A | 125 | 43.1% | |
| Others | 189 | N/A | N/A | 0% | |
| Total | 250 | N/A | 125 | -29.3% | |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Australia in 2022:
- United States (24.6 tons)
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