Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United States - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United States (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United States (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the United States
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the United States
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United States (CIF) - 2023
The average import price for frozen sheep (including lamb) boneless cutses stood at $6,143 per ton in December 2023, remaining constant against the previous month. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 1.9% m-o-m. The import price peaked at $8,977 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($7,499 per ton), while the price for Australia totaled $6,026 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (-3.0%).
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United States (FOB) - 2023
The average export price for frozen sheep (including lamb) boneless cutses stood at $8,056 per ton in December 2023, which is down by -5.4% against the previous month. In general, the export price showed a slight descent. The pace of growth was the most pronounced in March 2023 when the average export price increased by 47% m-o-m. As a result, the export price reached the peak level of $11,159 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Barbados ($14,952 per ton), while the average price for exports to Trinidad and Tobago ($2,081 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the United States
Imports of frozen sheep (including lamb) boneless cutses into the United States soared to 22K tons in 2022, increasing by 15% on the previous year. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $218M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +87.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 112 | 104 | 146 | 194 | 20.1% |
| New Zealand | 20.9 | 12.5 | 22.5 | 23.8 | 4.4% |
| Others | 0.3 | 0.2 | 0.7 | 0.4 | 10.1% |
| Total | 133 | 116 | 169 | 218 | 17.9% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to the United States in 2022:
- Australia (19.0K tons)
- New Zealand (2.5K tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the United States
In 2022, exports of frozen sheep (including lamb) boneless cutses from the United States soared to 572 tons, growing by 116% against the previous year's figure. Overall, exports, however, continue to indicate a slight curtailment.
In value terms, exports of frozen sheep (including lamb) boneless cutses soared to $4M in 2022. Over the period under review, exports, however, recorded a pronounced decrease.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 662 | 321 | 468 | 695 | 1.6% |
| Mexico | 63.3 | 70.4 | 34.9 | 451 | 92.4% |
| Suriname | 31.7 | N/A | 2.7 | 380 | 128.9% |
| Dominican Republic | 50.9 | 5.4 | 134 | 272 | 74.8% |
| Aruba | 133 | 24.4 | 45.8 | 253 | 23.9% |
| Canada | 172 | 302 | 103 | 251 | 13.4% |
| Bahamas | 427 | 115 | 143 | 228 | -18.9% |
| Saint Maarten (Dutch part) | 127 | 128 | 145 | 193 | 15.0% |
| Bermuda | 157 | 220 | N/A | 189 | 6.4% |
| Cayman Islands | 20.3 | 19.5 | 39.9 | 154 | 96.5% |
| Barbados | 109 | 47.3 | 58.1 | 140 | 8.7% |
| Curacao | 7.2 | 33.8 | 28.5 | 121 | 156.1% |
| Turks and Caicos Islands | 46.0 | N/A | 103 | 102 | 30.4% |
| Others | 2,287 | 353 | 473 | 603 | -35.9% |
| Total | 4,293 | 1,640 | 1,779 | 4,031 | -2.1% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from the United States in 2022:
- Trinidad and Tobago (111.2 tons)
- Mexico (99.8 tons)
- Suriname (70.1 tons)
- Dominican Republic (30.8 tons)
- Aruba (28.5 tons)
- Saint Maarten (Dutch part) (26.8 tons)
- Canada (25.2 tons)
- Bahamas (24.7 tons)
- Cayman Islands (22.7 tons)
- Turks and Caicos Islands (18.6 tons)
- Bermuda (18.2 tons)
- Barbados (13.3 tons)
- Curacao (10.4 tons)
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