Price for Frozen Sheep (Including Lamb) Boneless Cuts in Australia - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Australia (FOB) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Australia (CIF) - 2022
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Australia
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Australia
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Australia (FOB) - 2024
The average export price for frozen sheep (including lamb) boneless cutses stood at $4,690 per ton in January 2024, approximately mirroring the previous month. In general, the export price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in December 2023 an increase of 2.3% against the previous month. Over the period under review, the average export prices attained the maximum at $6,099 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,267 per ton), while the average price for exports to Saudi Arabia ($3,018 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+3.8%), while the prices for the other major destinations experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Australia (CIF) - 2022
In 2022, the average import price for frozen sheep (including lamb) boneless cutses amounted to $3,557 per ton, increasing by 21% against the previous year. In general, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $9,094 per ton in 2012; however, from 2013 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 New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -9.0% per year.
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Australia
In 2022, shipments abroad of frozen sheep (including lamb) boneless cutses increased by 25% to 78K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen sheep (including lamb) boneless cutses soared to $600M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +52.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.7 | 78.3 | 107 | 155 | 31.8% |
| China | 85.2 | 67.9 | 83.4 | 92.6 | 2.8% |
| Japan | 42.2 | 41.2 | 35.9 | 49.9 | 5.7% |
| South Korea | 29.3 | 27.2 | 29.6 | 38.2 | 9.2% |
| Canada | 15.5 | 22.8 | 26.0 | 36.3 | 32.8% |
| Taiwan (Chinese) | 17.3 | 19.2 | 19.7 | 27.1 | 16.1% |
| United Kingdom | 14.8 | 23.3 | 43.1 | 26.8 | 21.9% |
| Malaysia | 14.5 | 17.0 | 15.0 | 23.7 | 17.8% |
| Singapore | 19.0 | 24.4 | 19.4 | 23.1 | 6.7% |
| Netherlands | 12.2 | 8.7 | 5.9 | 18.9 | 15.7% |
| Saudi Arabia | 18.5 | 14.9 | 16.6 | 18.8 | 0.5% |
| United Arab Emirates | 8.6 | 9.2 | 4.7 | 17.4 | 26.5% |
| Kuwait | 3.9 | 5.0 | 4.3 | 9.0 | 32.1% |
| Others | 49.8 | 35.0 | 45.3 | 63.3 | 8.3% |
| Total | 398 | 394 | 456 | 600 | 14.7% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Australia in 2022:
- China (18.3K tons)
- United States (16.3K tons)
- Japan (5.2K tons)
- Taiwan (Chinese) (4.5K tons)
- Saudi Arabia (4.2K tons)
- South Korea (4.2K tons)
- Canada (3.7K tons)
- United Kingdom (3.2K tons)
- Malaysia (3.0K tons)
- Singapore (2.7K tons)
- United Arab Emirates (2.1K tons)
- Netherlands (1.7K tons)
- Kuwait (1.3K tons)
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Australia
In 2022, supplies from abroad of frozen sheep (including lamb) boneless cutses decreased by -57.4% to 134 tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 443 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen sheep (including lamb) boneless cutses dropped sharply to $478K in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 823 | 868 | 929 | 478 | -16.6% |
| Others | N/A | 452 | N/A | N/A | 0% |
| Total | 823 | 1,320 | 929 | 478 | -16.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Australia in 2022:
- New Zealand (134.5 tons)
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