Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand (CIF) - 2024
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $9,235 per ton in January 2024, with a decrease of -23.4% against the previous month. In general, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in December 2023 an increase of 32% month-to-month. Over the period under review, average import prices hit record highs at $12,606 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was New Zealand ($9,503 per ton), while the price for Australia amounted to $9,142 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by New Zealand (-0.4%).
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $12,325 per ton, increasing by 13% against the previous year. In general, the export price, however, showed a abrupt decrease. The export price peaked at $26,775 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -2.1% per year.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand
After two years of decline, overseas purchases of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by 123% to 704 tons in 2022. In general, imports, however, recorded a deep downturn.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) surged to $9.1M in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.6 | 3.0 | 2.3 | 6.4 | 21.1% |
| New Zealand | 2.5 | 1.4 | 1.2 | 2.7 | 2.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.1 | 4.4 | 3.5 | 9.1 | 14.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Thailand in 2022:
- Australia (481.5 tons)
- New Zealand (221.5 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand
In 2022, shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -67.7% to 40 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a dramatic decline.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) shrank dramatically to $493 in 2022. In general, exports showed a precipitous decrease.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 3.4 | N/A | 1.3 | 0.5 | -47.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | N/A | 1.3 | 0.5 | -47.2% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Thailand in 2022:
- Maldives (40.0 kg)
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