Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $9,198 per ton in September 2022, shrinking by -3.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 4.4% against the previous month. Over the period under review, average import prices hit record highs at $10,473 per ton in July 2022; however, from August 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was New Zealand ($12,837 per ton), while the price for the UK ($4,988 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $7,581 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 75%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($19,254 per ton), while the average price for exports to Malaysia ($3,406 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 Maldives (+7.8%), 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 Singapore
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into Singapore expanded slightly to 13K tons, rising by 2.2% against the previous year's figure. In general, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 2.8% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen rose notably to $93M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 10% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 68.3 | 72.3 | 78.2 | 82.4 | 6.5% |
| New Zealand | 6.2 | 8.6 | 7.2 | 8.1 | 9.3% |
| Ireland | N/A | 0.6 | 1.2 | 1.4 | 52.8% |
| Italy | 2.9 | 2.6 | 0.1 | N/A | -81.4% |
| Others | 1.1 | 2.5 | 1.2 | 1.2 | 2.9% |
| Total | 78.5 | 86.6 | 87.8 | 93.1 | 5.9% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Singapore in 2022:
- Australia (12.0K tons)
- New Zealand (0.8K tons)
- Ireland (0.2K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of meat of sheep or goats; fresh, chilled or frozen, which decreased by -66.8% to 253 tons in 2022. In general, exports recorded a precipitous decline. The smallest decline of -17.8% was in 2020.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen reduced remarkably to $1.9M in 2022. Over the period under review, exports recorded a precipitous slump. The smallest decline of -7.3% was in 2020.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 552 | 668 | 1,115 | 1,029 | 23.1% |
| Maldives | 144 | 115 | 615 | 289 | 26.1% |
| Cambodia | 118 | 70.3 | 101 | 288 | 34.6% |
| Malaysia | 2,562 | 3,618 | 96.2 | 172 | -59.4% |
| Timor-Leste | 5.4 | 17.0 | 57.9 | 64.3 | 128.4% |
| Hong Kong SAR | 51.1 | 51.9 | 180 | N/A | 87.7% |
| Oman | 4,098 | 1,512 | 163 | N/A | -80.1% |
| Others | 211 | 1,123 | 3,370 | 75.1 | -29.1% |
| Total | 7,742 | 7,175 | 5,699 | 1,917 | -37.2% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Singapore in 2022:
- Indonesia (155.5 tons)
- Malaysia (50.5 tons)
- Cambodia (21.3 tons)
- Maldives (15.0 tons)
- Timor-Leste (4.6 tons)
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