Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan (FOB) - 2022
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan (FOB) - 2022
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $8,047 per ton in 2022, rising by 16% against the previous year. In general, the export price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($8,119 per ton) and Oman ($8,006 per ton), while the average price for exports to Bahrain ($5,857 per ton) and Maldives ($7,589 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan
For the third consecutive year, Pakistan recorded growth in overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), which increased by 156% to 24 tons in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) surged to $190K in 2022. Over the period under review, exports showed 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) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Saudi Arabia | 12.6 | 21.0 | 137 | 229.7% | |
| Qatar | 5.6 | 19.6 | 35.6 | 152.1% | |
| Maldives | N/A | N/A | 9.0 | 0% | |
| Oman | 1.8 | 1.5 | 8.6 | 118.6% | |
| Kuwait | 1.9 | 4.1 | N/A | 115.8% | |
| United Arab Emirates | 4.3 | 9.9 | N/A | 130.2% | |
| Bahrain | 0.7 | 8.2 | N/A | 1071.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 27.1 | 64.3 | 190 | 164.8% | |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Pakistan in 2022:
- Saudi Arabia (16.8 tons)
- Qatar (4.5 tons)
- Maldives (1.2 tons)
- Oman (1.1 tons)
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