Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand - 2023
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (FOB) - 2023
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (CIF) - 2022
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (FOB) - 2023
In December 2023, the average export price for fresh or chilled sheep (including lamb) boneless cutses amounted to $9,711 per ton, declining by -8.6% against the previous month. Over the period under review, the export price showed a noticeable descent. The growth pace was the most rapid in May 2023 an increase of 3.2% against the previous month. Over the period under review, the average export prices hit record highs at $12,707 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($15,186 per ton), while the average price for exports to the UK ($7,268 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 States (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $2,187 per ton, reducing by -71.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 84%. The import price peaked at $13,362 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.4% per year.
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand
Exports of fresh or chilled sheep (including lamb) boneless cutses from New Zealand fell sharply to 13K tons in 2022, declining by -21.6% compared with 2021. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 7.2% against the previous year. As a result, the exports reached the peak of 16K tons, and then shrank sharply in the following year.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses contracted to $181M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of $206M, and then fell in the following year.
| Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.6 | 29.3 | 28.7 | 34.3 | 1.7% |
| United States | 23.5 | 22.6 | 31.8 | 26.9 | 4.6% |
| Japan | 24.8 | 25.8 | 30.3 | 26.4 | 2.1% |
| Netherlands | 23.8 | 22.9 | 34.3 | 25.1 | 1.8% |
| Belgium | 13.2 | 8.5 | 14.3 | 20.1 | 15.0% |
| Switzerland | 12.2 | 10.4 | 14.6 | 14.9 | 6.9% |
| United Kingdom | 31.5 | 28.8 | 31.5 | 13.4 | -24.8% |
| France | 10.2 | 8.6 | 12.1 | 13.3 | 9.2% |
| Others | 5.7 | 6.5 | 8.3 | 6.9 | 6.6% |
| Total | 177 | 163 | 206 | 181 | 0.7% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from New Zealand in 2022:
- United States (2.5K tons)
- Japan (2.2K tons)
- Germany (2.0K tons)
- Netherlands (1.6K tons)
- United Kingdom (1.3K tons)
- Belgium (1.1K tons)
- France (1.0K tons)
- Switzerland (0.6K tons)
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand
In 2022, approx. 193 kg of fresh or chilled sheep (including lamb) boneless cutses were imported into New Zealand; jumping by 30% against the previous year's figure. Over the period under review, imports, however, faced a sharp setback. The growth pace was the most rapid in 2020 with an increase of 634%. As a result, imports attained the peak of 3.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses contracted notably to $422 in 2022. Overall, imports, however, continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 750% against the previous year. As a result, imports reached the peak of $44K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.2 | 44.0 | 1.2 | 0.4 | -57.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 44.0 | 1.2 | 0.4 | -57.5% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to New Zealand in 2022:
- Australia (193.0 kg)
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