Price for Frozen Sheep (Including Lamb) Boneless Cuts in Canada - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Canada (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Canada (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Canada
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Canada
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Canada (CIF) - 2024
In January 2024, the average import price for frozen sheep (including lamb) boneless cutses amounted to $6,511 per ton, with an increase of 5.7% against the previous month. Overall, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 10% month-to-month. The import price peaked at $8,847 per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Ireland ($6,704 per ton) and New Zealand ($6,554 per ton), while the price for Australia ($6,436 per ton) and Uruguay ($6,489 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Uruguay (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Canada (FOB) - 2023
The average export price for frozen sheep (including lamb) boneless cutses stood at $6,400 per ton in February 2023, declining by -28.9% against the previous month. In general, the export price, however, showed tangible growth. Over the period under review, the average export prices reached the peak figure at $9,003 per ton in January 2023, and then shrank markedly in the following month.
As there is only one major export destination, the average price level is determined by prices for Uruguay.
From October 2022 to February 2023, the rate of growth in terms of prices for Uruguay amounted to -28.9% per month.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Canada
In 2022, imports of frozen sheep (including lamb) boneless cutses into Canada soared to 8.2K tons, jumping by 40% on 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $77M in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 17.6 | 22.9 | 27.7 | 49.6 | 41.3% |
| New Zealand | 14.9 | 12.8 | 15.2 | 15.2 | 0.7% |
| Uruguay | 3.8 | 4.5 | 3.9 | 5.4 | 12.4% |
| Ireland | 3.1 | 2.6 | 1.4 | 4.1 | 9.8% |
| United Kingdom | 0.4 | 1.2 | 0.6 | 2.8 | 91.3% |
| Others | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Total | 40.1 | 44.3 | 48.8 | 77.3 | 24.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Canada in 2022:
- Australia (5.5K tons)
- New Zealand (1.4K tons)
- Uruguay (0.5K tons)
- Ireland (0.5K tons)
- United Kingdom (0.3K tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Canada
In 2022, exports of frozen sheep (including lamb) boneless cutses from Canada fell sharply to 31 kg, shrinking by -99.6% compared with 2021. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 3,224%.
In value terms, exports of frozen sheep (including lamb) boneless cutses declined sharply to $191 in 2022. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,986% against the previous year.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.8 | 1.1 | 1.7 | 0.2 | -58.5% |
| South Korea | N/A | N/A | 9.7 | N/A | 0% |
| United States | 8.5 | N/A | 19.0 | N/A | 49.5% |
| Australia | 79.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.4 | N/A | N/A | 0% |
| Total | 90.3 | 1.5 | 30.4 | 0.2 | -87.0% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Canada in 2022:
- France (31.0 kg)
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