Price for Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines (CIF) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines (CIF) - 2023
In November 2023, the average import price for frozen sheep (including lamb) boneless cutses amounted to $7,639 per ton, falling by -35.8% against the previous month. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in March 2023 an increase of 68% m-o-m. As a result, import price reached the peak level of $17,661 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($10,250 per ton), while the price for Australia amounted to $5,683 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Australia (-5.1%).
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines
In 2022, after two years of decline, there was significant growth in overseas purchases of frozen sheep (including lamb) boneless cutses, when their volume increased by 118% to 148 tons. In general, imports, however, saw a abrupt decline.
In value terms, imports of frozen sheep (including lamb) boneless cutses soared to $1.6M in 2022. Over the period under review, imports, however, saw a noticeable descent.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,780 | 713 | 655 | 1,531 | -4.9% |
| United States | N/A | N/A | N/A | 28.2 | 0% |
| New Zealand | 30.2 | 50.9 | 20.0 | 18.3 | -15.4% |
| Others | N/A | 0.4 | 0.1 | 0.1 | -50.0% |
| Total | 1,810 | 765 | 675 | 1,577 | -4.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to the Philippines in 2022:
- Australia (142.7 tons)
- United States (3.8 tons)
- New Zealand (3.5 tons)
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