Price for Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (CIF) - 2022
- Price for Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (FOB) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR
- Exports of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR
Price for Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $12,281 per ton, surging by 19% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 65%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($12,746 per ton), while the price for Australia totaled $11,046 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for frozen lamb carcasses and half-carcasseses amounted to $10,854 per ton, increasing by 59% against the previous year. In general, the export price showed a tangible expansion. Over the period under review, the average export prices attained the peak figure at $13,665 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +3.3% per year.
Imports of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen lamb carcasses and half-carcasseses, when their volume increased by 27% to 205 tons. In general, imports, however, showed a abrupt shrinkage.
In value terms, frozen lamb carcasses and half-carcasses imports skyrocketed to $2.5M in 2022. Overall, imports, however, recorded a abrupt slump.
| Import of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,533 | 1,373 | 1,355 | 1,830 | 6.1% |
| Australia | 487 | 181 | 172 | 677 | 11.6% |
| China | 942 | 208 | 122 | N/A | -64.0% |
| India | N/A | 116 | N/A | N/A | 0% |
| Myanmar | N/A | 72.5 | N/A | N/A | 0% |
| Others | 454 | 217 | 25.7 | 16.3 | -67.0% |
| Total | 3,417 | 2,168 | 1,674 | 2,524 | -9.6% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Hong Kong SAR in 2022:
- New Zealand (143.6 tons)
- Australia (61.3 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR
In 2022, approx. 8.5 tons of frozen lamb carcasses and half-carcasseses were exported from Hong Kong SAR; picking up by 14% against 2021. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year.
In value terms, frozen lamb carcasses and half-carcasses exports skyrocketed to $93K in 2022. In general, exports, however, continue to indicate a deep setback.
| Export of Frozen Lamb Carcasses and Half-Carcasses in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 133 | 35.7 | 51.2 | 92.6 | -11.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 133 | 35.7 | 51.2 | 92.6 | -11.4% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from Hong Kong SAR in 2022:
- Macao SAR (8.5 tons)
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