Price for Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) in South Africa - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (CIF) - 2022
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $2,959 per ton in 2022, rising by 37% against the previous year. Overall, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 66% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($3,013 per ton), while the price for Australia totaled $3,007 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.4%).
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (FOB) - 2022
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $4,954 per ton in 2022, jumping by 39% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $5,298 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($11,278 per ton), while the average price for exports to Namibia ($1,658 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 Nigeria (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa
In 2022, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) into South Africa fell sharply to 1.4K tons, waning by -24% against 2021 figures. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of 1.8K tons, and then contracted markedly in the following year.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) totaled $4.1M in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.6 | 2.1 | 3.9 | 3.8 | 1.8% |
| New Zealand | 0.1 | 0.6 | 0.1 | 0.3 | 44.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.7 | 2.7 | 4.0 | 4.1 | 3.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to South Africa in 2022:
- Australia (1248.6 tons)
- New Zealand (109.1 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), when their volume decreased by -59.4% to 160 tons. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of 395 tons, and then contracted markedly in the following year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) reduced dramatically to $795K in 2022. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports reached the peak of $1.4M, and then contracted notably in the following year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 34.7 | 97.3 | 169 | 177 | 72.1% |
| Ghana | 126 | 36.2 | 141 | 148 | 5.5% |
| Nigeria | 65.7 | 73.7 | 207 | 142 | 29.3% |
| Seychelles | 67.4 | 12.2 | 99.5 | 82.8 | 7.1% |
| Botswana | 81.4 | 24.8 | 97.5 | 62.8 | -8.3% |
| Angola | 45.5 | 3.3 | 11.6 | 32.5 | -10.6% |
| Mozambique | 67.0 | 260 | 9.4 | 31.7 | -22.1% |
| Namibia | 3.9 | 3.7 | 83.9 | 8.8 | 31.2% |
| Saint Helena, Ascension and Tristan da Cunha | 240 | 317 | 479 | N/A | 41.3% |
| Others | 165 | 33.8 | 113 | 109 | -12.9% |
| Total | 897 | 862 | 1,411 | 795 | -3.9% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from South Africa in 2022:
- Lesotho (69.5 tons)
- Botswana (22.2 tons)
- Ghana (14.3 tons)
- Nigeria (12.6 tons)
- Mozambique (10.0 tons)
- Seychelles (8.8 tons)
- Namibia (5.3 tons)
- Angola (4.0 tons)
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