Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Korea - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Korea (CIF) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in South Korea
Price for Frozen Sheep (Including Lamb) Boneless Cuts in South Korea (CIF) - 2022
The average import price for frozen sheep (including lamb) boneless cutses stood at $8,868 per ton in December 2022, dropping by -21.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2022 an increase of 18% against the previous month. The import price peaked at $11,286 per ton in November 2022, and then fell significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($15,419 per ton), while the price for Australia stood at $8,570 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.7%).
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in South Korea
In 2022, the amount of frozen sheep (including lamb) boneless cutses imported into South Korea expanded markedly to 4.4K tons, picking up by 5.9% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of frozen sheep (including lamb) boneless cutses skyrocketed to $42M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Frozen Sheep (Including Lamb) Boneless Cuts in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 33.6 | 29.5 | 34.0 | 39.5 | 5.5% |
New Zealand | 2.9 | 1.6 | 1.4 | 2.6 | -3.6% |
Others | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
Total | 36.6 | 31.3 | 35.5 | 42.1 | 4.8% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to South Korea in 2022:
- Australia (4.2K tons)
- New Zealand (0.2K tons)
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