Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait - 2022
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait (CIF) - 2022
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait (CIF) - 2022
In 2022, the average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,270 per ton, picking up by 35% against the previous year. Overall, import price indicated buoyant growth from 2013 to 2022: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen sheep (excluding lamb) carcasses and half-carcasseses increased by +65.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 36%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($5,270 per ton) and India ($5,270 per ton), while the price for Australia ($5,270 per ton) and Uruguay ($5,270 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait
In 2022, supplies from abroad of frozen sheep (excluding lamb) carcasses and half-carcasseses decreased by -27% to 286 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of 501 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses dropped slightly to $1.5M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 89.2 | 103 | 212 | 555 | 83.9% |
Uruguay | 30.9 | 30.1 | 69.8 | 408 | 136.4% |
Turkey | N/A | N/A | N/A | 202 | 0% |
Australia | 125 | 76.6 | 52.0 | 146 | 5.3% |
India | 13.2 | 18.5 | 18.4 | 94.8 | 92.9% |
Spain | 69.7 | 388 | 385 | 54.1 | -8.1% |
Ukraine | N/A | N/A | N/A | 48.9 | 0% |
Sudan | 648 | 711 | 551 | N/A | -7.8% |
South Africa | 36.5 | 53.7 | 44.5 | N/A | 10.4% |
Italy | 45.3 | 94.9 | 27.1 | N/A | -22.7% |
Others | 103 | 117 | 171 | N/A | 28.8% |
Total | 1,161 | 1,594 | 1,531 | 1,508 | 9.1% |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Kuwait in 2022:
- Romania (105.3 tons)
- Uruguay (77.3 tons)
- Turkey (38.3 tons)
- Australia (27.6 tons)
- India (18.0 tons)
- Spain (10.3 tons)
- Ukraine (9.3 tons)
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