Price for Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) in the United States - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $9,266 per ton in December 2023, with a decrease of -2.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 21% m-o-m. As a result, import price reached the peak level of $11,945 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($13,212 per ton), while the price for Australia stood at $6,942 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (-0.2%).
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (FOB) - 2023
In December 2023, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $10,966 per ton, increasing by 41% against the previous month. Over the period under review, export price indicated strong growth from December 2022 to December 2023: its price increased at an average monthly rate of +5.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by +70.2% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($28,572 per ton), while the average price for exports to Hong Kong SAR ($1,406 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+31.2%), 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 United States
In 2022, approx. 49K tons of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) were imported into the United States; surging by 10% against 2021. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) skyrocketed to $509M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 197 | 153 | 210 | 263 | 10.1% |
| New Zealand | 156 | 106 | 163 | 240 | 15.4% |
| Others | 2.1 | 2.2 | 4.4 | 6.0 | 41.9% |
| Total | 355 | 262 | 378 | 509 | 12.8% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to the United States in 2022:
- Australia (31.5K tons)
- New Zealand (16.9K tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exported from the United States surged to 1.2K tons, increasing by 50% against the previous year's figure. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $8.2M in 2022. Over the period under review, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 952 | 643 | 1,283 | 2,027 | 28.6% |
| Mexico | 1,862 | 291 | 932 | 913 | -21.1% |
| Bahamas | 1,374 | 568 | 816 | 866 | -14.3% |
| Turks and Caicos Islands | 320 | 199 | 457 | 551 | 19.9% |
| Aruba | 639 | 125 | 276 | 539 | -5.5% |
| Saint Maarten (Dutch part) | 326 | 132 | 176 | 361 | 3.5% |
| Bermuda | 190 | 247 | 312 | 278 | 13.5% |
| Barbados | 167 | 122 | 106 | 248 | 14.1% |
| Philippines | 294 | 219 | 114 | 247 | -5.6% |
| Trinidad and Tobago | 61.8 | 116 | 61.7 | 183 | 43.6% |
| Saint Lucia | 99.1 | 61.6 | 73.1 | 155 | 16.1% |
| Spain | 176 | 60.3 | N/A | 90.5 | -19.9% |
| Japan | 234 | N/A | N/A | N/A | 0% |
| Others | 2,956 | 1,099 | 1,276 | 1,741 | -16.2% |
| Total | 9,652 | 3,884 | 5,882 | 8,200 | -5.3% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from the United States in 2022:
- Dominican Republic (289.4 tons)
- Mexico (219.6 tons)
- Turks and Caicos Islands (91.4 tons)
- Bahamas (82.6 tons)
- Aruba (74.4 tons)
- Saint Maarten (Dutch part) (64.9 tons)
- Barbados (54.4 tons)
- Philippines (38.0 tons)
- Saint Lucia (28.2 tons)
- Spain (22.7 tons)
- Bermuda (20.7 tons)
- Trinidad and Tobago (19.1 tons)
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