Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia - 2023
Contents:
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (FOB) - 2023
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (CIF) - 2022
- Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia
- Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (FOB) - 2023
The average export price for fresh or chilled lamb carcasses and half-carcasseses stood at $5,701 per ton in December 2023, increasing by 4.5% against the previous month. In general, the export price, however, recorded a slight decrease. The export price peaked at $7,200 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Jordan ($7,431 per ton) and Saudi Arabia ($6,322 per ton), while the average price for exports to Iran ($5,273 per ton) and the United Arab Emirates ($5,640 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (CIF) - 2022
The average import price for fresh or chilled lamb carcasses and half-carcasseses stood at $8,238 per ton in 2022, standing approx. at the previous year. In general, the import price recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 6.5%. The import price peaked at $182,505 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($8,304 per ton), while the price for the UK amounted to $8,031 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-53.8%).
Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia
For the third year in a row, Australia recorded decline in overseas shipments of fresh or chilled lamb carcasses and half-carcasseses, which decreased by -9.9% to 13K tons in 2022. Over the period under review, exports showed a precipitous setback.
In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses dropped to $101M in 2022. Overall, exports saw a significant contraction.
| Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 78.2 | 51.9 | 37.9 | 48.4 | -14.8% |
| Qatar | 105 | 106 | 30.5 | 30.8 | -33.6% |
| Kuwait | 32.0 | 19.6 | 15.5 | 16.8 | -19.3% |
| Jordan | 28.3 | 8.2 | 3.6 | 2.5 | -55.5% |
| Iran | 25.5 | 20.7 | 16.5 | N/A | -19.6% |
| Others | 6.4 | 4.4 | 6.0 | 2.7 | -25.0% |
| Total | 275 | 210 | 110 | 101 | -28.4% |
Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from Australia in 2022:
- United Arab Emirates (6.9K tons)
- Qatar (4.0K tons)
- Kuwait (1.9K tons)
- Jordan (0.3K tons)
Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia
For the third year in a row, Australia recorded decline in purchases abroad of fresh or chilled lamb carcasses and half-carcasseses, which decreased by 0% to 2 tons in 2022. In general, imports showed a precipitous descent. The smallest decline of -78.9% was in 2020.
In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses totaled $17K in 2022. Over the period under review, imports recorded a significant contraction. The smallest decline of -77.5% was in 2020.
| Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 148 | 14.1 | N/A | 12.7 | -55.9% |
| United Kingdom | N/A | N/A | N/A | 3.9 | 0% |
| Others | N/A | 19.2 | N/A | N/A | 0% |
| Total | 148 | 33.2 | N/A | 16.6 | -51.8% |
Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to Australia in 2022:
- New Zealand (1.5 tons)
- United Kingdom (0.5 tons)
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