Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Uruguay - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Uruguay (FOB) - 2022
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Uruguay
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Uruguay (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $5,791 per ton, waning by -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the average export price increased by 16%. As a result, the export price attained the peak level of $6,027 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($7,258 per ton), while the average price for exports to the United Arab Emirates ($2,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Uruguay
In 2022, after two years of decline, there was significant growth in overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), when their volume increased by 39% to 7.5K tons. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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) surged to $43M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 22.0 | 14.2 | 14.4 | 25.0 | 4.4% |
| China | 15.7 | 16.2 | 17.3 | 13.2 | -5.6% |
| Kuwait | N/A | 0.1 | N/A | 1.9 | 335.9% |
| United Arab Emirates | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.7 | 0.4 | 0.8 | 2.4 | 50.8% |
| Total | 38.4 | 30.9 | 32.5 | 43.4 | 4.2% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Uruguay in 2022:
- Brazil (3.4K tons)
- China (2.9K tons)
- United Arab Emirates (0.4K tons)
- Kuwait (0.4K tons)
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