Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal - 2023

Contents:

  1. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (CIF) - 2023
  2. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (FOB) - 2022
  3. Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal
  4. Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (CIF) - 2023

The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $11,706 per ton in October 2023, falling by -3.4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 69% month-to-month. As a result, import price attained the peak level of $14,799 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($20,191 per ton), while the price for the Netherlands ($7,874 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (FOB) - 2022

The average export price for fresh or chilled sheep (including lamb) boneless cutses stood at $2,977 per ton in 2022, falling by -53.4% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $6,390 per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($17,336 per ton), while the average price for exports to France amounted to $1,848 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+14.8%).

Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal

In 2022, imports of fresh or chilled sheep (including lamb) boneless cutses into Portugal dropped markedly to 139 tons, falling by -28.2% compared with 2021. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, imports attained the peak of 194 tons, and then reduced sharply in the following year.

In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses reduced remarkably to $1.2M in 2022. Overall, imports, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2021 when imports increased by 120%. As a result, imports attained the peak of $1.6M, and then reduced dramatically in the following year.

Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain28122861074738.5%
Ireland27243.0232250-2.8%
Netherlands21937.9378163-9.4%
France24.559.713047.724.9%
Denmark57.851.578.019.0-31.0%
United Kingdom71.846.6N/AN/A-35.1%
Italy136185N/AN/A36.0%
Others83.152.71250.1-89.4%
Total1,1467041,5521,2272.3%

Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Portugal in 2022:

  1. Spain (86.2 tons)
  2. Ireland (32.7 tons)
  3. Netherlands (15.2 tons)
  4. France (2.9 tons)
  5. Denmark (2.1 tons)

Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal

In 2022, exports of fresh or chilled sheep (including lamb) boneless cutses from Portugal soared to 86 tons, with an increase of 22,136% on 2021. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses surged to $255K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France10.70.10.6147139.5%
Spain61.90.81.910519.3%
Others6.00.2N/A3.0-20.6%
Total78.61.22.525548.0%

Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from Portugal in 2022:

  1. France (79.6 tons)
  2. Spain (6.0 tons)

Source: IndexBox Market Intelligence Platform

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