Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (FOB) - 2023
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (CIF) - 2022
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (FOB) - 2023
In December 2023, the average export price for fresh or chilled sheep (including lamb) boneless cutses amounted to $7,480 per ton, remaining constant against the previous month. In general, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 2% m-o-m. Over the period under review, the average export prices attained the peak figure at $9,970 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Switzerland ($14,835 per ton), while the average price for exports to the UK ($6,616 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 the United Arab Emirates (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $47,492 per ton, growing by 614% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -3.7% per year.
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia
Exports of fresh or chilled sheep (including lamb) boneless cutses from Australia contracted to 21K tons in 2022, which is down by -9.3% against 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports attained the peak of 23K tons, and then fell in the following year.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses contracted to $238M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of $254M, and then shrank in the following year.
| Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 80.3 | 84.9 | 133 | 126 | 16.2% |
| Japan | 31.2 | 32.5 | 40.1 | 44.0 | 12.1% |
| United Arab Emirates | 14.2 | 11.8 | 17.1 | 18.4 | 9.0% |
| Canada | 10.2 | 12.7 | 17.2 | 15.3 | 14.5% |
| Switzerland | 12.4 | 10.0 | 15.3 | 9.0 | -10.1% |
| South Korea | 1.5 | 2.2 | 4.6 | 4.5 | 44.2% |
| Mexico | 2.1 | 0.4 | 1.3 | 2.6 | 7.4% |
| United Kingdom | 4.9 | 6.2 | 6.7 | 2.6 | -19.0% |
| Others | 15.0 | 14.5 | 18.5 | 16.4 | 3.0% |
| Total | 172 | 175 | 254 | 238 | 11.4% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from Australia in 2022:
- United States (11.7K tons)
- Japan (3.6K tons)
- United Arab Emirates (1.8K tons)
- Canada (1.4K tons)
- Mexico (0.5K tons)
- Switzerland (0.4K tons)
- United Kingdom (0.3K tons)
- South Korea (0.3K tons)
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia
In 2022, supplies from abroad of fresh or chilled sheep (including lamb) boneless cutses increased by 13% to 415 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a precipitous curtailment.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses surged to $20K in 2022. Over the period under review, imports, however, faced a sharp shrinkage.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 19.7 | 0% |
| New Zealand | 109 | 20.3 | 2.4 | N/A | -85.2% |
| United Arab Emirates | 31.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 140 | 20.3 | 2.4 | 19.7 | -48.0% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Australia in 2022:
- Japan (415.0 kg)
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