Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia - 2023
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (CIF) - 2023
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (CIF) - 2023
In December 2023, the average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $4,603 per ton, surging by 19% against the previous month. Over the period under review, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in July 2023 an increase of 24% against the previous month. The import price peaked at $6,828 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From December 2022 to December 2023, the rate of growth in terms of prices for New Zealand amounted to -2.8% per month.
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (FOB) - 2022
The average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $6,603 per ton in 2022, falling by -12.4% against the previous year. In general, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 an increase of 138%. The export price peaked at $7,541 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($7,401 per ton), while the average price for exports to New Zealand totaled $6,439 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+6.9%).
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
In 2022, approx. 4.5K tons of frozen sheep (excluding lamb) carcasses and half-carcasseses were imported into Malaysia; rising by 122% against the previous year. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses surged to $28M in 2022. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 7.3 | 11.6 | 5.0 | 15.9 | 29.6% |
| Australia | 8.6 | 8.8 | 7.1 | 12.0 | 11.7% |
| India | 0.4 | 0.5 | 0.5 | N/A | 11.8% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 16.3 | 20.9 | 12.7 | 27.9 | 19.6% |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Malaysia in 2022:
- New Zealand (2.6K tons)
- Australia (1.9K tons)
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia
For the fourth consecutive year, Malaysia recorded growth in shipments abroad of frozen sheep (excluding lamb) carcasses and half-carcasseses, which increased by 557% to 18 tons in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses skyrocketed to $117K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | N/A | 95.1 | 0% |
| Cambodia | 1.4 | 1.6 | 2.6 | 22.4 | 152.0% |
| Oman | 11.0 | 13.0 | 16.1 | N/A | 21.0% |
| Bangladesh | 1.0 | 1.2 | 1.8 | N/A | 34.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.4 | 15.8 | 20.4 | 117 | 105.9% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Malaysia in 2022:
- New Zealand (14.8 tons)
- Cambodia (3.0 tons)
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