Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine - 2023

Contents:

  1. Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (FOB) - 2023
  2. Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (CIF) - 2022
  3. Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine
  4. Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine

Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (FOB) - 2023

In November 2023, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $4,034 per ton, shrinking by -1.8% against the previous month. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in September 2023 an increase of 58% against the previous month. The export price peaked at $7,506 per ton in April 2023; however, from May 2023 to November 2023, 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 the United Arab Emirates.

From November 2022 to November 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.2% per month.

Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (CIF) - 2022

The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $23,023 per ton in 2022, increasing by 65% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by +114.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 67%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($32,367 per ton), while the price for New Zealand ($14,395 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.4%).

Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine

Exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) from Ukraine soared to 140 tons in 2022, growing by 317% against the previous year's figure. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $925K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A160923476.9%
OmanN/A4.414.41.7-37.8%
KuwaitN/A245N/AN/A0%
Iraq106N/AN/AN/A0%
Others9.42.23.40.6-60.0%
Total115252178925100.4%

Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Ukraine in 2022:

  1. United Arab Emirates (139.8 tons)
  2. Oman (0.6 tons)

Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine

In 2022, overseas purchases of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -69.2% to 4.7 tons, falling for the second consecutive year after two years of growth. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, imports attained the peak of 19 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) contracted significantly to $108K in 2022. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 156%. As a result, imports attained the peak of $341K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/AN/A64.70%
New Zealand13334121332.2-37.7%
IrelandN/AN/AN/A11.00%
OthersN/AN/AN/AN/A0%
Total133341213108-6.7%

Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Ukraine in 2022:

  1. New Zealand (2.2 tons)
  2. Australia (2.0 tons)
  3. Ireland (0.5 tons)

Source: IndexBox Market Intelligence Platform

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