Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada (CIF) - 2023
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada (CIF) - 2023
In December 2023, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $6,925 per ton, growing by 4.2% against the previous month. Overall, the import price, however, continues to indicate a noticeable reduction. The import price peaked at $10,417 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($10,502 per ton), while the price for Australia stood at $6,745 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-1.0%).
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada
After three years of growth, overseas purchases of fresh or chilled sheep (including lamb) boneless cutses decreased by -2.7% to 2K tons in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 7.9%. As a result, imports attained the peak of 2.1K tons, and then fell in the following year.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses expanded markedly to $23M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 14.5 | 15.1 | 18.1 | 19.6 | 10.6% |
| New Zealand | 1.8 | 2.1 | 2.7 | 2.8 | 15.9% |
| United States | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 16.6 | 17.1 | 20.9 | 22.9 | 11.3% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Canada in 2022:
- Australia (1765.3 tons)
- New Zealand (227.4 tons)
- United States (39.3 tons)
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