Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand - 2024
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (CIF) - 2024
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (CIF) - 2024
In January 2024, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $8,732 per ton, dropping by -25.6% against the previous month. Overall, the import price recorded a pronounced decline. The pace of growth was the most pronounced in December 2023 when the average import price increased by 20% m-o-m. Over the period under review, average import prices hit record highs at $12,589 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Australia ($8,768 per ton), while the price for New Zealand amounted to $8,623 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by New Zealand (-1.8%).
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $22,679 per ton, rising by 109% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($26,820 per ton), while the average price for exports to Lao People's Democratic Republic stood at $12,325 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+66.1%), 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 Thailand
In 2022, supplies from abroad of meat of sheep or goats; fresh, chilled or frozen was finally on the rise to reach 1.3K tons after two years of decline. Overall, imports, however, continue to indicate a noticeable curtailment.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $17M in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 9.2 | 6.9 | 5.7 | 12.8 | 11.6% |
| New Zealand | 3.9 | 2.5 | 2.3 | 4.4 | 4.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.1 | 9.4 | 8.1 | 17.2 | 9.5% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Thailand in 2022:
- Australia (982.6 tons)
- New Zealand (356.9 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand
In 2022, approx. 140 kg of meat of sheep or goats; fresh, chilled or frozen were exported from Thailand; picking up by 6.9% against 2021. Over the period under review, exports, however, recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen soared to $3.2K in 2022. In general, exports, however, continue to indicate a precipitous contraction.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | 0.1 | 2.7 | 2600.0% |
| Lao People's Democratic Republic | 1.0 | 0.9 | 1.3 | 0.5 | -20.6% |
| Oman | 5.7 | N/A | N/A | N/A | 0% |
| Bhutan | 1.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 0.9 | 1.4 | 3.2 | -26.3% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Thailand in 2022:
- Myanmar (100.0 kg)
- Lao People's Democratic Republic (40.0 kg)
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