Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
- Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
In December 2023, the average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,333 per ton, approximately mirroring the previous month. In general, the export price, however, posted a moderate increase. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 163% month-to-month. As a result, the export price reached the peak level of $8,641 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($19,172 per ton), while the average price for exports to Papua New Guinea ($3,413 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
For the third year in a row, Australia recorded decline in overseas shipments of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses, which decreased by -56.9% to 643 tons in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -10.4% was in 2021.
In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses reduced rapidly to $2.2M in 2022. Overall, exports saw a sharp slump. The smallest decline of -27.7% was in 2021.
Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Papua New Guinea | N/A | N/A | 0.3 | 1.2 | 300.0% |
Qatar | 1.6 | 1.6 | 2.4 | 0.5 | -32.1% |
Saudi Arabia | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
Singapore | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
United Arab Emirates | 7.8 | 6.6 | 4.8 | 0.1 | -76.6% |
South Korea | 0.1 | N/A | N/A | 0.1 | 0.0% |
Kuwait | 1.8 | 0.3 | 0.1 | 0.1 | -61.8% |
China | 0.7 | 0.2 | N/A | N/A | -71.4% |
Jordan | 2.2 | 0.7 | N/A | N/A | -68.2% |
Iran | 2.4 | N/A | N/A | N/A | 0% |
Bahrain | 9.1 | 1.1 | N/A | N/A | -87.9% |
Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
Total | 26.2 | 10.8 | 7.8 | 2.2 | -56.2% |
Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Australia in 2022:
- Papua New Guinea (463.3 tons)
- Qatar (100.5 tons)
- Singapore (26.7 tons)
- United Arab Emirates (16.9 tons)
- Saudi Arabia (12.9 tons)
- South Korea (12.0 tons)
- Kuwait (8.6 tons)
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The price of Goat Meat, FOB Australia, declined by -3.7% to $4,743 per ton in May 2023 compared to the previous month.
In November 2022, the sheep and goat meat price amounted to $5,975 per ton (FOB, Australia), declining by -8.5% against the previous month.
During the period examined, Lamb and Sheep Meat exports peaked at 495K tons in 2019. However, exports did not recover momentum from 2020 to 2023. In terms of value, exports of Lamb and Sheep Meat decreased to $3.5B in 2023.
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In December 2022, the price of lamb and sheep meat decreased by -4.2% to $5,767 per ton (FOB, Australia) compared to the previous month.
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