Price for Frozen Sheep (Including Lamb) Boneless Cuts in Brazil - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (CIF) - 2024
The average import price for frozen sheep (including lamb) boneless cutses stood at $7,569 per ton in February 2024, rising by 9.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 52% month-to-month. Over the period under review, average import prices reached the maximum at $8,297 per ton in August 2023; however, from September 2023 to February 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Uruguay.
From February 2023 to February 2024, the rate of growth in terms of prices for Chile amounted to -0.1% per month.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) boneless cutses amounted to $12,058 per ton, picking up by 10% against the previous year. Over the last four years, it increased at an average annual rate of +6.4%. The pace of growth appeared the most rapid in 2019 an increase of 17% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($18,268 per ton), while the average price for exports to Togo ($3,900 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil
After two years of decline, overseas purchases of frozen sheep (including lamb) boneless cutses increased by 9.5% to 330 tons in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $2.8M in 2022. In general, imports, however, showed a abrupt curtailment.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 3.6 | 2.4 | 1.5 | 2.3 | -13.9% |
| Chile | 0.7 | 0.7 | 0.7 | 0.5 | -10.6% |
| Argentina | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.6 | 3.2 | 2.3 | 2.8 | -15.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Brazil in 2022:
- Uruguay (281.2 tons)
- Chile (41.1 tons)
- Argentina (7.0 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil
In 2022, shipments abroad of frozen sheep (including lamb) boneless cutses decreased by -6.9% to 2.5 tons, falling for the second consecutive year after two years of growth. In general, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, the exports attained the peak of 6.4 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen sheep (including lamb) boneless cutses expanded to $30K in 2022. Over the period under review, exports continue to indicate a dramatic curtailment.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 12.0 | 4.2 | 1.5 | 7.1 | -16.0% |
| Marshall Islands | 3.7 | 1.3 | 1.5 | 5.5 | 14.1% |
| Liberia | 8.6 | 0.9 | 0.4 | 3.5 | -25.9% |
| Norway | 3.4 | 1.5 | 0.8 | 3.1 | -3.0% |
| Bahamas | 1.1 | 0.5 | 0.1 | 2.6 | 33.2% |
| Barbados | N/A | N/A | 0.4 | 1.5 | 275.0% |
| Panama | 3.4 | 1.1 | 0.7 | 1.4 | -25.6% |
| Thailand | 4.0 | 1.2 | 1.3 | 1.0 | -37.0% |
| Hong Kong SAR | 7.4 | 1.6 | 1.7 | 0.8 | -52.4% |
| Denmark | 1.7 | 0.3 | 1.1 | 0.6 | -29.3% |
| Malta | 0.4 | 0.8 | 0.3 | 0.4 | 0.0% |
| Saint Vincent and the Grenadines | N/A | N/A | N/A | 0.3 | 0% |
| Togo | N/A | N/A | N/A | 0.2 | 0% |
| Others | 18.7 | 50.3 | 19.6 | 2.2 | -51.0% |
| Total | 64.3 | 63.6 | 29.4 | 30.3 | -22.2% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Brazil in 2022:
- Singapore (518.0 kg)
- Marshall Islands (442.0 kg)
- Liberia (248.0 kg)
- Bahamas (205.0 kg)
- Norway (168.0 kg)
- Thailand (146.0 kg)
- Panama (97.0 kg)
- Barbados (94.0 kg)
- Saint Vincent and the Grenadines (80.0 kg)
- Hong Kong SAR (72.0 kg)
- Malta (55.0 kg)
- Togo (50.0 kg)
- Denmark (45.0 kg)
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