Price for Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) in the Philippines - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the Philippines (CIF) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the Philippines
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the Philippines (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $6,479 per ton in November 2023, dropping by -42.6% against the previous month. In general, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in October 2023 an increase of 67% against the previous month. The import price peaked at $15,043 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was New Zealand ($11,017 per ton), while the price for Australia stood at $5,249 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+3.7%), while the prices for the other major suppliers experienced a decline.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the Philippines
After two years of decline, overseas purchases of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by 85% to 543 tons in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) skyrocketed to $5.1M in 2022. In general, imports enjoyed a notable expansion. As a result, imports attained 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 the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.7 | 2.6 | 2.0 | 4.4 | 5.9% |
| New Zealand | 0.6 | 0.2 | 0.2 | 0.7 | 5.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.4 | 2.7 | 2.3 | 5.1 | 5.0% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to the Philippines in 2022:
- Australia (443.8 tons)
- New Zealand (93.8 tons)
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