Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand - 2023
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (FOB) - 2023
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (CIF) - 2022
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (FOB) - 2023
In December 2023, the average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $2,996 per ton, waning by -5.5% against the previous month. Overall, the export price showed a mild curtailment. The pace of growth was the most pronounced in March 2023 when the average export price increased by 6.8% m-o-m. Over the period under review, the average export prices attained the maximum at $3,925 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the country with the highest price was Taiwan (Chinese) ($3,249 per ton), while the average price for exports to China ($2,989 per ton) was 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 (-1.5%), while the prices for the other major destinations experienced a decline.
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (CIF) - 2022
In 2022, the average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $8,443 per ton, increasing by 14% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen sheep (excluding lamb) carcasses and half-carcasseses decreased by -10.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $9,449 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +3.1% per year.
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand
After three years of growth, overseas shipments of frozen sheep (excluding lamb) carcasses and half-carcasseses decreased by -10.5% to 34K tons in 2022. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 38K tons, and then fell in the following year.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses contracted notably to $165M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports attained the peak of $215M, and then reduced notably in the following year.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 112 | 117 | 199 | 138 | 7.2% |
| Malaysia | 4.2 | 9.0 | 6.2 | 13.3 | 46.8% |
| Taiwan (Chinese) | 9.2 | 12.1 | 7.6 | 9.3 | 0.4% |
| Japan | 2.6 | 2.9 | 2.3 | 3.6 | 11.5% |
| Others | 0.4 | 0.5 | 0.4 | 0.2 | -20.6% |
| Total | 129 | 142 | 215 | 165 | 8.6% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from New Zealand in 2022:
- China (29.0K tons)
- Malaysia (2.3K tons)
- Taiwan (Chinese) (1.7K tons)
- Japan (0.7K tons)
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand
In 2022, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses into New Zealand amounted to 67 tons, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 26%. As a result, imports attained the peak of 67 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses reached $564K in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. As a result, imports reached the peak of $636K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 435 | 636 | 492 | 564 | 9.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 435 | 636 | 492 | 564 | 9.0% |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to New Zealand in 2022:
- Australia (66.8 tons)
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