Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $5,737 per ton in November 2023, remaining stable against the previous month. Overall, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in April 2023 when the average import price increased by 4.4% against the previous month. Over the period under review, average import prices hit record highs at $7,340 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat 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 Ireland ($5,934 per ton), while the price for Falkland Islands (Malvinas) ($2,496 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK (FOB) - 2023
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $4,612 per ton in November 2023, which is down by -24.5% against the previous month. Overall, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in September 2023 when the average export price increased by 48% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,560 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($6,870 per ton), while the average price for exports to Cote d'Ivoire ($1,127 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+17.5%), 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 the UK
In 2022, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) into the UK surged to 27K tons, picking up by 55% compared with 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $222M in 2022. Over the period under review, imports recorded a significant increase. 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 UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 80.4 | 118 | 90.8 | 176 | 29.8% |
| Australia | 21.5 | 24.2 | 24.8 | 38.1 | 21.0% |
| Ireland | 5.8 | 4.2 | 3.8 | 3.2 | -18.0% |
| Falkland Islands (Malvinas) | 1.1 | 1.6 | 0.9 | 2.2 | 26.0% |
| Others | 6.1 | 6.5 | 7.2 | 2.9 | -22.0% |
| Total | 115 | 155 | 128 | 222 | 24.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to the UK in 2022:
- New Zealand (21.6K tons)
- Australia (4.3K tons)
- Falkland Islands (Malvinas) (0.5K tons)
- Ireland (0.5K tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK
In 2022, shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -10.8% to 3.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. As a result, the exports attained the peak of 6.8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) expanded rapidly to $17M in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 58%. As a result, the exports reached the peak of $27M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.9 | 3.9 | 4.8 | 7.9 | 39.7% |
| New Zealand | 0.5 | 2.1 | 1.4 | 1.9 | 56.0% |
| Canada | 0.2 | 0.4 | 0.9 | 1.8 | 108.0% |
| Ghana | 0.4 | 0.3 | 0.7 | 1.3 | 48.1% |
| Ireland | 5.7 | 12.9 | 1.4 | 1.0 | -44.0% |
| Hong Kong SAR | 3.1 | 3.2 | 4.0 | 0.7 | -39.1% |
| Kuwait | 0.2 | N/A | 0.2 | 0.3 | 14.5% |
| Others | 4.2 | 4.3 | 1.9 | 2.3 | -18.2% |
| Total | 17.0 | 27.0 | 15.2 | 17.2 | 0.4% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from the UK in 2022:
- France (1094.5 tons)
- Ghana (858.9 tons)
- New Zealand (453.0 tons)
- Canada (334.8 tons)
- Hong Kong SAR (195.6 tons)
- Ireland (121.2 tons)
- Kuwait (52.7 tons)
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