Price for Frozen Sheep (Including Lamb) Boneless Cuts in Portugal - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (CIF) - 2023
In November 2023, the average import price for frozen sheep (including lamb) boneless cutses amounted to $9,539 per ton, reducing by -4.4% against the previous month. Over the period under review, import price indicated a tangible increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for frozen sheep (including lamb) boneless cutses decreased by -25.7% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 53% m-o-m. The import price peaked at $12,836 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($11,349 per ton), while the price for Spain ($6,715 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) boneless cutses amounted to $5,878 per ton, declining by -16% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2021 when the average export price increased by 243% against the previous year. The export price peaked at $10,884 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($20,092 per ton), while the average price for exports to Spain ($2,236 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 Netherlands (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal
Imports of frozen sheep (including lamb) boneless cutses into Portugal surged to 270 tons in 2022, picking up by 26% against the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +104.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $2.6M in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 401 | 232 | 536 | 1,071 | 38.7% |
| Spain | 90.6 | 129 | 145 | 494 | 76.0% |
| France | 443 | 238 | 379 | 422 | -1.6% |
| Germany | 534 | 134 | 39.1 | 367 | -11.8% |
| New Zealand | 294 | 239 | 184 | 188 | -13.8% |
| Chile | N/A | N/A | 50.0 | 71.7 | 43.4% |
| Others | 32.1 | 2.6 | 21.9 | 1.2 | -66.6% |
| Total | 1,795 | 975 | 1,356 | 2,613 | 13.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Portugal in 2022:
- Netherlands (95.8 tons)
- Spain (76.3 tons)
- France (45.6 tons)
- Germany (34.8 tons)
- New Zealand (11.4 tons)
- Chile (5.7 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal
In 2022, the amount of frozen sheep (including lamb) boneless cutses exported from Portugal skyrocketed to 53 tons, growing by 41% against 2021 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of frozen sheep (including lamb) boneless cutses soared to $309K in 2022. Overall, exports recorded pronounced growth. The pace of growth was the most pronounced in 2021 with an increase of 454% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.2 | 0.1 | 198 | 150 | 808.6% |
| Angola | 0.5 | 1.6 | N/A | 106 | 496.3% |
| Spain | 0.4 | 15.9 | 28.0 | 40.1 | 364.5% |
| France | 0.9 | 23.7 | 27.8 | 7.8 | 105.4% |
| Germany | 281 | 0.2 | 0.4 | 0.8 | -85.8% |
| Macao SAR | N/A | 3.8 | N/A | N/A | 0% |
| Others | 0.2 | 1.7 | 5.9 | 4.5 | 182.3% |
| Total | 283 | 47.0 | 260 | 309 | 3.0% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Portugal in 2022:
- Spain (17.9 tons)
- Angola (9.4 tons)
- Netherlands (7.4 tons)
- France (0.7 tons)
- Germany (0.1 tons)
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