Price for Frozen Lamb Carcasses and Half-Carcasses in South Korea - 2022
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in South Korea (CIF) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in South Korea
Price for Frozen Lamb Carcasses and Half-Carcasses in South Korea (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $6,358 per ton, reducing by -9.4% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 import price increased by +18.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 45%. Over the period under review, average import prices attained the peak figure at $9,098 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 +3.8% per year.
Imports of Frozen Lamb Carcasses and Half-Carcasses in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of frozen lamb carcasses and half-carcasseses, which increased by 62% to 40 tons in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 143% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen lamb carcasses and half-carcasses imports skyrocketed to $254K in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
Import of Frozen Lamb Carcasses and Half-Carcasses in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 38.3 | 60.5 | 173 | 254 | 87.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 38.3 | 60.5 | 173 | 254 | 87.9% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to South Korea in 2022:
- Australia (39.9 tons)
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