Price for Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand (FOB) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand (CIF) - 2024
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand
Price for Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand (FOB) - 2024
The average export price for frozen sheep (including lamb) boneless cutses stood at $6,369 per ton in January 2024, rising by 4.1% against the previous month. In general, the export price, however, recorded a perceptible curtailment. Over the period under review, the average export prices attained the peak figure at $9,185 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Sweden ($10,154 per ton), while the average price for exports to China ($2,199 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand (CIF) - 2024
In January 2024, the average import price for frozen sheep (including lamb) boneless cutses amounted to $7,036 per ton, growing by 31% against the previous month. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in November 2023 an increase of 342% month-to-month. As a result, import price attained the peak level of $15,960 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat 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 Australia amounted to +6.1% per month.
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand
In 2022, shipments abroad of frozen sheep (including lamb) boneless cutses was finally on the rise to reach 32K tons after two years of decline. Overall, exports, however, showed a abrupt decrease.
In value terms, exports of frozen sheep (including lamb) boneless cutses expanded notably to $302M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 51.4 | 37.6 | 46.4 | 64.5 | 7.9% |
| United Kingdom | 35.3 | 36.1 | 43.2 | 50.4 | 12.6% |
| Germany | 53.3 | 42.3 | 38.9 | 48.2 | -3.3% |
| United States | 17.3 | 13.4 | 23.9 | 23.6 | 10.9% |
| Taiwan (Chinese) | 17.6 | 22.7 | 19.9 | 20.7 | 5.6% |
| China | 30.8 | 31.6 | 28.1 | 20.4 | -12.8% |
| Canada | 13.0 | 13.9 | 15.2 | 15.2 | 5.3% |
| Japan | 19.1 | 15.3 | 9.2 | 6.9 | -28.8% |
| Others | 43.3 | 40.2 | 39.6 | 51.8 | 6.2% |
| Total | 281 | 253 | 264 | 302 | 2.4% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from New Zealand in 2022:
- United Kingdom (6.3K tons)
- China (5.5K tons)
- Netherlands (4.7K tons)
- Germany (3.3K tons)
- United States (2.5K tons)
- Taiwan (Chinese) (2.4K tons)
- Canada (1.5K tons)
- Japan (0.6K tons)
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in New Zealand
In 2022, approx. 279 tons of frozen sheep (including lamb) boneless cutses were imported into New Zealand; jumping by 45% on the previous year. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 76%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $1.7M in 2022. Over the period under review, imports continue to indicate significant growth. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 798 | 401 | 933 | 1,724 | 29.3% |
| United Kingdom | N/A | 67.3 | 55.9 | N/A | -16.9% |
| Others | N/A | 915 | 0.9 | 1.5 | -96.0% |
| Total | 798 | 1,383 | 990 | 1,725 | 29.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to New Zealand in 2022:
- Australia (277.9 tons)
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