Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore - 2022
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (CIF) - 2022
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (FOB) - 2022
- Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (CIF) - 2022
The average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $7,159 per ton in September 2022, shrinking by -5.8% against the previous month. Over the period from September 2021 to September 2022, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 35% m-o-m. Over the period under review, average import prices attained the maximum at $7,747 per ton in July 2022; however, from August 2022 to September 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was the UK ($7,509 per ton), while the price for Australia stood at $7,139 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.1%), 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 Singapore (FOB) - 2022
The average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $3,680 per ton in 2022, dropping by -5.8% against the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 51%. As a result, the export price attained the peak level of $5,556 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +3.6% per year.
Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
In 2022, purchases abroad of frozen sheep (excluding lamb) carcasses and half-carcasseses increased by 3.6% to 3.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decline.
In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses rose sharply to $19M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 15.0 | 12.4 | 17.4 | 18.0 | 6.3% |
| Ireland | N/A | 0.2 | 0.7 | 0.6 | 73.2% |
| United Kingdom | N/A | N/A | N/A | 0.5 | 0% |
| New Zealand | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Italy | 2.4 | 2.6 | 0.1 | N/A | -79.6% |
| Others | 0.4 | 0.6 | N/A | N/A | 50.0% |
| Total | 17.9 | 15.9 | 18.4 | 19.4 | 2.7% |
Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Singapore in 2022:
- Australia (3335.5 tons)
- Ireland (110.6 tons)
- United Kingdom (108.3 tons)
- New Zealand (72.9 tons)
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
In 2022, after two years of decline, there was significant growth in shipments abroad of frozen sheep (excluding lamb) carcasses and half-carcasseses, when their volume increased by 1,634% to 433 tons. Overall, exports, however, showed a significant decrease.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses surged to $1.6M in 2022. In general, exports, however, recorded a precipitous curtailment.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 2.0 | 0.2 | N/A | 1.6 | -7.2% |
| Malaysia | 2.5 | 2.9 | N/A | N/A | 16.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 4.6 | 3.1 | 0.1 | 1.6 | -29.7% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Singapore in 2022:
- Oman (432.6 tons)
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