Price for Frozen Lamb Carcasses and Half-Carcasses in South Africa - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in South Africa (FOB) - 2022
- Exports of Frozen Lamb Carcasses and Half-Carcasses in South Africa
Price for Frozen Lamb Carcasses and Half-Carcasses in South Africa (FOB) - 2022
In 2022, the average export price for frozen lamb carcasses and half-carcasseses amounted to $6,613 per ton, surging by 12% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lamb carcasses and half-carcasses export price increased by +94.0% against 2015 indices. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($15,786 per ton), while the average price for exports to Lesotho ($5,763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Lamb Carcasses and Half-Carcasses in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen lamb carcasses and half-carcasseses, when their volume decreased by -27.3% to 90 tons. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year.
In value terms, frozen lamb carcasses and half-carcasses exports contracted significantly to $593K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 106%.
Export of Frozen Lamb Carcasses and Half-Carcasses in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lesotho | 69.8 | 141 | 426 | 237 | 50.3% |
Qatar | N/A | N/A | N/A | 154 | 0% |
Mozambique | 106 | 310 | 120 | 87.3 | -6.3% |
United Arab Emirates | 3.6 | 89.2 | 0.1 | 79.5 | 180.6% |
Nigeria | 0.8 | N/A | 8.5 | 23.6 | 209.0% |
Namibia | N/A | 23.4 | N/A | 0.6 | -84.0% |
Swaziland | 79.4 | 12.1 | 0.1 | N/A | -96.5% |
Ghana | N/A | 45.0 | 140 | N/A | 211.1% |
Others | 44.9 | 6.6 | 31.1 | 11.0 | -37.4% |
Total | 305 | 627 | 726 | 593 | 24.8% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from South Africa in 2022:
- Lesotho (41.0 tons)
- Qatar (20.4 tons)
- Mozambique (13.1 tons)
- United Arab Emirates (12.0 tons)
- Nigeria (1.5 tons)
- Namibia (0.1 tons)
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