Price for Frozen Sheep (Including Lamb) Boneless Cuts in China - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in China (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in China (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in China
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in China
Price for Frozen Sheep (Including Lamb) Boneless Cuts in China (CIF) - 2023
In December 2023, the average import price for frozen sheep (including lamb) boneless cutses amounted to $3,780 per ton, falling by -3.3% against the previous month. Over the period under review, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 36% m-o-m. Over the period under review, average import prices attained the maximum at $5,008 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($4,190 per ton), while the price for New Zealand ($2,833 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Uruguay (-1.9%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in China (FOB) - 2023
The average export price for frozen sheep (including lamb) boneless cutses stood at $10,160 per ton in December 2023, which is down by -2% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 12% against the previous month. As a result, the export price attained the peak level of $12,645 per ton. From June 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Cambodia ($16,477 per ton), while the average price for exports to Democratic People's Republic of Korea ($6,387 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in China
In 2022, after two years of decline, there was significant growth in supplies from abroad of frozen sheep (including lamb) boneless cutses, when their volume increased by 10% to 24K tons. In general, imports, however, saw a noticeable contraction.
In value terms, imports of frozen sheep (including lamb) boneless cutses reached $121M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 79.9 | 76.6 | 80.1 | 95.6 | 6.2% |
| New Zealand | 30.7 | 32.7 | 30.5 | 23.1 | -9.0% |
| Uruguay | 1.0 | 1.1 | 0.7 | 1.7 | 19.3% |
| Others | 0.9 | 0.4 | 0.4 | 0.5 | -17.8% |
| Total | 112 | 111 | 112 | 121 | 2.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to China in 2022:
- Australia (18.5K tons)
- New Zealand (5.3K tons)
- Uruguay (0.4K tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in China
In 2022, the amount of frozen sheep (including lamb) boneless cutses exported from China contracted sharply to 488 tons, shrinking by -19.1% on the previous year. Over the period under review, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 127%. As a result, the exports reached the peak of 603 tons, and then declined dramatically in the following year.
In value terms, exports of frozen sheep (including lamb) boneless cutses contracted markedly to $5.4M in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 175% against the previous year. As a result, the exports reached the peak of $7.3M, and then shrank dramatically in the following year.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3.9 | 2.2 | 5.9 | 4.3 | 3.3% |
| Kuwait | 0.1 | 0.3 | 0.6 | 0.5 | 71.0% |
| United Arab Emirates | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Qatar | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Cambodia | 0.3 | N/A | 0.3 | N/A | 0.0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 4.6 | 2.7 | 7.3 | 5.4 | 5.5% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from China in 2022:
- Hong Kong SAR (368.8 tons)
- Kuwait (64.2 tons)
- United Arab Emirates (25.0 tons)
- Qatar (21.0 tons)
- Cambodia (2.0 tons)
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