Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Africa - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Africa (FOB) - 2022
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Africa (CIF) - 2022
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in South Africa
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in South Africa
Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Africa (FOB) - 2022
The average export price for frozen sheep (including lamb) boneless cutses stood at $7,526 per ton in 2022, picking up by 8.4% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 (including lamb) boneless cutses increased by +60.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 66%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Swaziland ($13,528 per ton), while the average price for exports to Lesotho ($1,577 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 Swaziland (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Africa (CIF) - 2022
In 2022, the average import price for frozen sheep (including lamb) boneless cutses amounted to $8,369 per ton, growing by 282% against the previous year. Over the period under review, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 -5.3% per year.
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in South Africa
In 2022, the amount of frozen sheep (including lamb) boneless cutses exported from South Africa skyrocketed to 227 tons, rising by 141% compared with 2021. Overall, exports saw significant growth. 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 skyrocketed to $1.7M in 2022. In general, exports recorded a significant expansion. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 139 | 85.6 | 440 | 890 | 85.7% |
| Seychelles | 24.9 | 31.7 | 39.1 | 284 | 125.1% |
| Mauritius | 2.4 | N/A | N/A | 162 | 307.2% |
| Ghana | 37.6 | 71.2 | 52.6 | 110 | 43.0% |
| Hong Kong SAR | N/A | 0.9 | 3.3 | 75.1 | 813.5% |
| Nigeria | 11.3 | 3.5 | 24.5 | 46.0 | 59.7% |
| Namibia | N/A | 14.5 | 19.3 | 35.3 | 56.0% |
| Lesotho | 4.9 | 27.9 | 9.8 | 9.1 | 22.9% |
| United Arab Emirates | N/A | N/A | 7.4 | N/A | 0% |
| Others | 15.6 | 33.9 | 55.8 | 93.1 | 81.4% |
| Total | 236 | 269 | 652 | 1,705 | 93.3% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from South Africa in 2022:
- Ethiopia (102.0 tons)
- Seychelles (36.5 tons)
- Mauritius (27.6 tons)
- Hong Kong SAR (15.4 tons)
- Namibia (13.8 tons)
- Ghana (9.1 tons)
- Nigeria (6.1 tons)
- Lesotho (5.8 tons)
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in South Africa
In 2022, imports of frozen sheep (including lamb) boneless cutses into South Africa fell to 19 tons, with a decrease of -6.9% compared with 2021. Over the period under review, imports faced a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 2,486% against the previous year.
In value terms, imports of frozen sheep (including lamb) boneless cutses soared to $157K in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 2,890%.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 243 | 1.5 | 44.2 | 157 | -13.6% |
| New Zealand | 44.8 | N/A | N/A | N/A | 0% |
| Others | 4.9 | N/A | N/A | 0.5 | -53.3% |
| Total | 292 | 1.5 | 44.2 | 157 | -18.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to South Africa in 2022:
- Australia (70.6 tons)
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