Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway - 2024
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (CIF) - 2024
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (CIF) - 2024
In January 2024, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $5,680 per ton, declining by -58.3% against the previous month. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 53% against the previous month. As a result, import price reached the peak level of $15,094 per ton. From December 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($21,717 per ton), while the price for Iceland ($4,420 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $19,124 per ton, with a decrease of -5.9% against the previous year. Overall, the export price recorded a slight contraction. The growth pace was the most rapid in 2021 an increase of 398% against the previous year. The export price peaked at $21,976 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($23,685 per ton), while the average price for exports to Lithuania ($7,927 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 Singapore (+58.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway
In 2022, approx. 816 tons of meat of sheep or goats; fresh, chilled or frozen were imported into Norway; leveling off at 2021 figures. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 176% against the previous year. As a result, imports reached the peak of 824 tons, leveling off in the following year.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen expanded notably to $8M in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 123% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iceland | 1.8 | 0.3 | 4.1 | 4.4 | 34.7% |
New Zealand | 2.7 | 2.6 | 2.8 | 3.1 | 4.7% |
Uruguay | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
Others | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
Total | 5.0 | 3.3 | 7.3 | 8.0 | 17.0% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Norway in 2022:
- Iceland (597.6 tons)
- New Zealand (186.3 tons)
- Uruguay (7.9 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway
In 2022, overseas shipments of meat of sheep or goats; fresh, chilled or frozen were finally on the rise to reach 18 tons after two years of decline. In general, exports, however, showed a significant curtailment.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen soared to $344K in 2022. Overall, exports, however, saw a precipitous decline.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 133 | 9.8 | N/A | 159 | 6.1% |
Italy | 133 | 1.1 | 94.3 | 148 | 3.6% |
Lithuania | N/A | N/A | N/A | 20.8 | 0% |
United Kingdom | 711 | 146 | 14.2 | 9.9 | -75.9% |
Oman | 1,480 | 891 | N/A | N/A | -39.8% |
Others | 82.3 | 46.9 | 26.7 | 6.8 | -56.4% |
Total | 2,540 | 1,094 | 135 | 344 | -48.6% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Norway in 2022:
- Denmark (7.9 tons)
- Italy (6.3 tons)
- Lithuania (2.6 tons)
- United Kingdom (0.8 tons)
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