Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia - 2022
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (CIF) - 2022
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (FOB) - 2022
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (CIF) - 2022
In 2021, the average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,748 per ton, surging by 10% against the previous year. Overall, the import price showed mild growth. The growth pace was the most rapid in 2017 when the average import price increased by 21% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($7,400 per ton), while the price for Argentina ($4,739 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (FOB) - 2022
In 2021, the average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses amounted to $4,849 per ton, with an increase of 43% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 78% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Bahrain ($5,216 per ton) and Qatar ($4,734 per ton), while the average price for exports to Spain ($4,506 per ton) and the United Arab Emirates ($4,574 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia
In 2022, approx. 3.1K tons of frozen sheep (excluding lamb) carcasses and half-carcasseses were imported into Saudi Arabia; increasing by 81% on the year before. Overall, imports, however, showed a deep setback.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses surged to $17M in 2022. In general, imports, however, recorded a abrupt descent.
| Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Australia | 13.2 | 10.0 | 4.2 | -43.6% |
| Spain | 3.6 | 2.5 | 4.2 | 8.0% |
| Argentina | N/A | N/A | 0.6 | 0% |
| New Zealand | 5.2 | 10.5 | 0.4 | -72.3% |
| India | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | 0.3 | 0.2 | 41.4% |
| Total | 22.1 | 23.3 | 9.8 | -33.4% |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Saudi Arabia in 2022:
- Spain (856.9 tons)
- Australia (576.6 tons)
- Argentina (134.7 tons)
- India (50.0 tons)
- New Zealand (48.2 tons)
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia
In 2022, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses from Saudi Arabia dropped notably to 75 tons, which is down by -24.1% compared with 2021 figures. In general, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 32%.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses dropped rapidly to $367K in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 89%. As a result, the exports attained the peak of $481K, and then shrank sharply in the following year.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Bahrain | 26.7 | N/A | 134 | 124.0% |
| Qatar | N/A | N/A | 119 | 0% |
| United Arab Emirates | N/A | N/A | 116 | 0% |
| Spain | N/A | N/A | 112 | 0% |
| Others | 406 | 254 | N/A | -37.4% |
| Total | 432 | 254 | 481 | 5.5% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Saudi Arabia in 2022:
- Bahrain (25.6 tons)
- United Arab Emirates (25.3 tons)
- Qatar (25.2 tons)
- Spain (24.8 tons)
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