Price for Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (CIF) - 2023
The average import price for frozen sheep (including lamb) boneless cutses stood at $7,112 per ton in November 2023, waning by -10.6% against the previous month. In general, the import price showed a mild slump. The most prominent rate of growth was recorded in July 2023 an increase of 24% month-to-month. The import price peaked at $10,918 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($10,269 per ton), while the price for Russia ($1,857 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (FOB) - 2023
The average export price for frozen sheep (including lamb) boneless cutses stood at $3,770 per ton in November 2023, falling by -66.2% against the previous month. Overall, the export price faced a deep setback. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 7% month-to-month. The export price peaked at $14,065 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($10,595 per ton), while the average price for exports to Vietnam totaled $1,469 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%).
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
In 2022, the amount of frozen sheep (including lamb) boneless cutses imported into Hong Kong SAR shrank rapidly to 1.1K tons, with a decrease of -48.5% against 2021. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 57%.
In value terms, imports of frozen sheep (including lamb) boneless cutses shrank dramatically to $11M in 2022. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. As a result, imports attained the peak of $18M, and then fell notably in the following year.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4.5 | 6.0 | 6.6 | 4.1 | -3.1% |
| Australia | 6.9 | 2.9 | 5.6 | 2.6 | -27.8% |
| China | 3.2 | 1.7 | 5.3 | 2.5 | -7.9% |
| United Kingdom | 0.5 | 0.4 | 0.9 | 0.8 | 17.0% |
| Russia | N/A | N/A | N/A | 0.6 | 0% |
| Ireland | 0.5 | 0.1 | 0.1 | N/A | -55.3% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 15.6 | 11.3 | 18.5 | 10.6 | -12.1% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Hong Kong SAR in 2022:
- Australia (356.8 tons)
- New Zealand (329.6 tons)
- China (222.6 tons)
- Russia (122.1 tons)
- United Kingdom (103.6 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR
Exports of frozen sheep (including lamb) boneless cutses from Hong Kong SAR reached 121 tons in 2022, with an increase of 8.2% against the year before. In general, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.
In value terms, exports of frozen sheep (including lamb) boneless cutses shrank markedly to $987K in 2022. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,518 | 837 | 1,286 | 958 | -14.2% |
| South Korea | N/A | N/A | N/A | 29.4 | 0% |
| Vietnam | 241 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,759 | 837 | 1,286 | 987 | -17.5% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Hong Kong SAR in 2022:
- Macao SAR (96.7 tons)
- South Korea (24.4 tons)
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