Price for Frozen Sheep (Including Lamb) Boneless Cuts in Thailand - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Thailand (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Thailand (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Thailand
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Thailand
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Thailand (CIF) - 2024
The average import price for frozen sheep (including lamb) boneless cutses stood at $5,684 per ton in January 2024, waning by -17.9% against the previous month. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in April 2023 an increase of 29% month-to-month. The import price peaked at $10,767 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat 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 ($7,587 per ton), while the price for Australia amounted to $4,652 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by New Zealand (-3.3%).
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Thailand (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) boneless cutses amounted to $9,692 per ton, growing by 121% against the previous year. Overall, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 an increase of 513%. Over the period under review, the average export prices reached the peak figure at $14,625 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($1,000 per ton), while the average price for exports to Turkey totaled $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-13.5%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Thailand
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen sheep (including lamb) boneless cutses, when their volume increased by 68% to 508 tons. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. 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 $5.2M in 2022. Overall, imports recorded a significant expansion. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.6 | 1.5 | 1.8 | 3.6 | 31.0% |
| New Zealand | 1.4 | 1.1 | 1.1 | 1.7 | 6.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 2.6 | 2.9 | 5.2 | 20.1% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Thailand in 2022:
- Australia (372.6 tons)
- New Zealand (135.5 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Thailand
In 2022, after two years of decline, there was significant decline in overseas shipments of frozen sheep (including lamb) boneless cutses, when their volume decreased by -98.3% to 90 kg. Over the period under review, exports, however, continue to indicate a significant increase.
In value terms, exports of frozen sheep (including lamb) boneless cutses dropped markedly to $871 in 2022. In general, exports, however, saw a significant expansion.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Turkey | N/A | 1.0 | 0% | ||
| Maldives | N/A | 1.0 | 0% | ||
| Nigeria | 1.0 | N/A | 0% | ||
| Finland | 1.0 | N/A | 0% | ||
| United Arab Emirates | 1.0 | N/A | 0% | ||
| Czech Republic | 1.0 | N/A | 0% | ||
| Others | 23,506 | 869 | -96.3% | ||
| Total | 23,510 | 871 | -96.3% | ||
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Thailand in 2022:
- Turkey (1.0 kg)
- Maldives (1.0 kg)
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