Price for Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia (CIF) - 2024
In January 2024, the average import price for frozen sheep (including lamb) boneless cutses amounted to $5,051 per ton, leveling off at the previous month. In general, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in December 2023 an increase of 9.4% m-o-m. The import price peaked at $6,776 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From January 2023 to January 2024, the rate of growth in terms of prices for New Zealand amounted to -1.5% per month.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia (FOB) - 2022
The average export price for frozen sheep (including lamb) boneless cutses stood at $8,897 per ton in 2022, shrinking by -18.3% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by 181%. The export price peaked at $10,887 per ton in 2021, and then fell dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($13,668 per ton), while the average price for exports to Singapore amounted to $4,545 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia
In 2022, imports of frozen sheep (including lamb) boneless cutses into Malaysia skyrocketed to 3K tons, increasing by 64% compared with the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $25M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 14.1 | 17.8 | 13.1 | 22.9 | 17.5% |
| New Zealand | 2.1 | 1.4 | 1.6 | 2.2 | 1.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.2 | 19.3 | 14.7 | 25.1 | 15.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Malaysia in 2022:
- Australia (2.7K tons)
- New Zealand (0.2K tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen sheep (including lamb) boneless cutses, when their volume decreased by -68.8% to 2.7 tons. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of 8.7 tons, and then shrank markedly in the following year.
In value terms, exports of frozen sheep (including lamb) boneless cutses declined dramatically to $24K in 2022. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, the exports reached the peak of $95K, and then reduced notably in the following year.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1.7 | 7.5 | 76.0 | 17.8 | 118.8% |
| Singapore | N/A | N/A | N/A | 6.5 | 0% |
| Oman | 25.0 | 30.8 | N/A | N/A | 23.2% |
| Bangladesh | 7.0 | 3.9 | 19.2 | N/A | 65.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.6 | 42.2 | 95.2 | 24.2 | -10.4% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Malaysia in 2022:
- Singapore (1.4 tons)
- Cambodia (1.3 tons)
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