Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the Philippines - 2022

Contents:

  1. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the Philippines (CIF) - 2022
  2. Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the Philippines

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the Philippines (CIF) - 2022

In 2022, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $9,750 per ton, waning by -1.6% against the previous year. In general, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. The import price peaked at $14,608 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($14,610 per ton), while the price for Australia stood at $9,582 per ton.

From 2012 to 2022, 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 the Philippines

In 2022, supplies from abroad of fresh or chilled sheep (including lamb) boneless cutses was finally on the rise to reach 200 kg after two years of decline. Over the period under review, imports, however, continue to indicate a dramatic curtailment.

In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses rose sharply to $1.9K in 2022. Overall, imports, however, recorded a sharp curtailment.

Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia8.01.51.51.9-38.1%
New Zealand0.90.60.30.1-51.9%
Others0.1N/AN/AN/A0%
Total8.92.11.81.9-40.2%

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

  1. Australia (193.0 kg)
  2. New Zealand (7.0 kg)

Source: IndexBox Market Intelligence Platform

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