Price for Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (CIF) - 2022
In 2021, the average import price for frozen sheep (including lamb) boneless cutses amounted to $4,195 per ton, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 40% against the previous year. As a result, import price reached the peak level of $5,775 per ton. From 2015 to 2021, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($4,261 per ton), while the price for New Zealand ($2,238 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (FOB) - 2022
The average export price for frozen sheep (including lamb) boneless cutses stood at $2,727 per ton in 2021, rising by 6.8% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for frozen sheep (including lamb) boneless cutses increased by +77.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($4,700 per ton), while the average price for exports to Yemen ($800 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia
In 2022, the amount of frozen sheep (including lamb) boneless cutses imported into Saudi Arabia surged to 4.1K tons, increasing by 17% on the year before. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% 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 decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, imports reached the peak of 4.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of frozen sheep (including lamb) boneless cutses skyrocketed to $17M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports reached the peak of $19M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Australia | 10.7 | 10.2 | 11.0 | 1.4% |
| India | 1.1 | 0.9 | 2.2 | 41.4% |
| Brazil | 1.6 | 2.6 | 0.8 | -29.3% |
| New Zealand | 1.0 | 5.7 | 0.4 | -36.8% |
| Others | 0.2 | 0.1 | 0.3 | 22.5% |
| Total | 14.5 | 19.5 | 14.7 | 0.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Saudi Arabia in 2022:
- Australia (2579.8 tons)
- India (617.7 tons)
- Brazil (194.7 tons)
- New Zealand (184.9 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia
In 2022, exports of frozen sheep (including lamb) boneless cutses from Saudi Arabia soared to 222 tons, growing by 126% on 2021. In general, exports showed a prominent increase.
In value terms, exports of frozen sheep (including lamb) boneless cutses soared to $522K in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 213%. As a result, the exports reached the peak of $778K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Spain | N/A | N/A | 118 | 0% |
| Bahrain | 150 | 154 | 101 | -17.9% |
| Yemen | 2,001 | 25.5 | 62.7 | -82.3% |
| United Arab Emirates | 45.4 | 34.0 | 23.4 | -28.2% |
| Oman | 118 | 217 | 14.4 | -65.1% |
| Kuwait | N/A | 294 | 6.0 | -98.0% |
| Jordan | 53.3 | N/A | N/A | 0% |
| Others | -2,119.3 | 52.6 | -58.2 | -83.4% |
| Total | 249 | 778 | 267 | 3.6% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Saudi Arabia in 2022:
- Yemen (78.3 tons)
- Bahrain (47.3 tons)
- United Arab Emirates (29.3 tons)
- Spain (25.2 tons)
- Oman (9.0 tons)
- Kuwait (1.3 tons)
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