Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa - 2023
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa (FOB) - 2022
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa (FOB) - 2022
The average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $5,610 per ton in 2022, falling by -9.9% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen sheep (excluding lamb) carcasses and half-carcasseses increased by +34.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 141% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,418 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($9,477 per ton), while the average price for exports to Lesotho ($4,386 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 the United Arab Emirates (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa
In 2022, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses from South Africa soared to 53 tons, jumping by 346% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses soared to $299K in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 330%. As a result, the exports attained the peak of $500K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 12.8 | 1.2 | 43.1 | 150 | 127.1% |
| Qatar | N/A | N/A | 30.5 | 75.7 | 148.2% |
| Botswana | N/A | 11.8 | N/A | 28.5 | 55.4% |
| United Arab Emirates | N/A | 77.5 | N/A | 26.3 | -41.7% |
| Democratic Republic of the Congo | N/A | 3.0 | N/A | 7.8 | 61.2% |
| Kuwait | N/A | 367 | N/A | N/A | 0% |
| Oman | 24.4 | 23.2 | N/A | N/A | -4.9% |
| Bahrain | 65.3 | N/A | N/A | N/A | 0% |
| Others | 13.8 | 16.3 | 0.9 | 11.2 | -6.7% |
| Total | 116 | 500 | 74.5 | 299 | 37.1% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from South Africa in 2022:
- Lesotho (34.2 tons)
- Qatar (10.0 tons)
- United Arab Emirates (3.3 tons)
- Botswana (3.0 tons)
- Democratic Republic of the Congo (1.3 tons)
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