Price for Frozen Sheep (Including Lamb) Boneless Cuts in Norway - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Norway (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Norway (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Norway
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Norway
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Norway (CIF) - 2024
The average import price for frozen sheep (including lamb) boneless cutses stood at $4,821 per ton in January 2024, with a decrease of -56.3% against the previous month. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in February 2023 an increase of 91% m-o-m. The import price peaked at $13,211 per ton in November 2023; however, from December 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was New Zealand ($11,619 per ton), while the price for Iceland stood at $4,118 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Namibia (-1.8%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Norway (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) boneless cutses amounted to $8,872 per ton, which is down by -54.8% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 256% against the previous year. Over the period under review, the average export prices reached the maximum at $19,925 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($12,507 per ton), while the average price for exports to Lithuania ($7,927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Norway
Imports of frozen sheep (including lamb) boneless cutses into Norway surged to 134 tons in 2022, increasing by 28% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $1.6M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +107.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 678 | 399 | 578 | 1,000 | 13.8% |
| Iceland | 252 | 112 | 347 | 291 | 4.9% |
| Uruguay | 326 | 198 | 71.5 | 112 | -30.0% |
| Denmark | 28.7 | 25.1 | 78.3 | 62.9 | 29.9% |
| Australia | 1.0 | N/A | 51.9 | 57.1 | 285.1% |
| Italy | N/A | N/A | N/A | 47.7 | 0% |
| Others | 29.3 | 31.6 | 60.9 | 21.1 | -10.4% |
| Total | 1,316 | 767 | 1,188 | 1,592 | 6.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Norway in 2022:
- New Zealand (60.3 tons)
- Iceland (53.5 tons)
- Uruguay (7.4 tons)
- Denmark (4.2 tons)
- Australia (3.9 tons)
- Italy (3.8 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Norway
In 2022, after two years of decline, there was significant growth in shipments abroad of frozen sheep (including lamb) boneless cutses, when their volume increased by 666% to 4.7 tons. Overall, exports, however, saw a sharp descent.
In value terms, exports of frozen sheep (including lamb) boneless cutses skyrocketed to $42K in 2022. In general, exports, however, saw a sharp downturn.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 20.8 | 0% |
| United Kingdom | 317 | 344 | N/A | 9.7 | -68.7% |
| Denmark | 35.6 | 3.1 | N/A | 9.5 | -35.6% |
| Netherlands | N/A | N/A | N/A | 1.2 | 0% |
| Ghana | 4.0 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.5 | 12.0 | 0.4 | -28.6% |
| Total | 357 | 349 | 12.0 | 41.6 | -51.2% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Norway in 2022:
- Lithuania (2625.0 kg)
- Denmark (1158.0 kg)
- United Kingdom (777.0 kg)
- Netherlands (113.0 kg)
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