Price for Frozen Sheep (Including Lamb) Boneless Cuts in the UK - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the UK (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the UK (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the UK
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the UK
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the UK (CIF) - 2023
In December 2023, the average import price for frozen sheep (including lamb) boneless cutses amounted to $4,537 per ton, with a decrease of -3.7% against the previous month. In general, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 7.7% against the previous month. The import price peaked at $6,181 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($5,353 per ton), while the price for Italy ($1,497 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the UK (FOB) - 2023
The average export price for frozen sheep (including lamb) boneless cutses stood at $4,044 per ton in December 2023, reducing by -12.4% against the previous month. In general, the export price showed a noticeable curtailment. The growth pace was the most rapid in June 2023 when the average export price increased by 80% m-o-m. As a result, the export price attained the peak level of $7,450 per ton. From July 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($6,375 per ton), while the average price for exports to South Africa ($908 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the UK
In 2022, after two years of decline, there was significant growth in overseas purchases of frozen sheep (including lamb) boneless cutses, when their volume increased by 18% to 13K tons. Over the period under review, imports, however, saw a pronounced shrinkage.
In value terms, imports of frozen sheep (including lamb) boneless cutses surged to $98M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 37.1 | 33.3 | 39.9 | 52.6 | 12.3% |
| Australia | 12.3 | 19.9 | 23.2 | 24.4 | 25.6% |
| Ireland | 8.1 | 3.4 | 2.8 | 11.2 | 11.4% |
| Spain | 5.2 | 3.2 | 2.7 | 5.1 | -0.6% |
| Iceland | 3.3 | 2.0 | 1.0 | 1.4 | -24.9% |
| Netherlands | 3.6 | 4.6 | 2.6 | 0.5 | -48.2% |
| Italy | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 4.4 | 4.4 | 1.7 | 2.0 | -23.1% |
| Total | 74.3 | 70.9 | 74.1 | 97.5 | 9.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to the UK in 2022:
- New Zealand (6.2K tons)
- Australia (3.7K tons)
- Ireland (1.7K tons)
- Spain (0.7K tons)
- Italy (0.3K tons)
- Iceland (0.3K tons)
- Netherlands (0.1K tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the UK
In 2022, the amount of frozen sheep (including lamb) boneless cutses exported from the UK skyrocketed to 1.4K tons, growing by 19% compared with the previous year. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. As a result, the exports attained the peak of 3.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen sheep (including lamb) boneless cutses skyrocketed to $11M in 2022. In general, exports, however, showed a abrupt curtailment.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.5 | 5.3 | 2.1 | 3.5 | -8.0% |
| Canada | 0.3 | 0.3 | 0.1 | 1.8 | 81.7% |
| Poland | 0.2 | 0.1 | 0.3 | 1.0 | 71.0% |
| Belgium | 0.2 | 0.1 | 0.3 | 0.8 | 58.7% |
| Ireland | 2.1 | 1.0 | 0.5 | 0.7 | -30.7% |
| Romania | 0.1 | 0.4 | 0.2 | 0.6 | 81.7% |
| Hong Kong SAR | 0.4 | 3.5 | 1.7 | 0.4 | 0.0% |
| Netherlands | 2.4 | 3.9 | 0.5 | 0.3 | -50.0% |
| Germany | 0.5 | 0.7 | 0.3 | 0.1 | -41.5% |
| Cote d'Ivoire | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 2.0 | 1.6 | 1.1 | 1.7 | -5.3% |
| Total | 12.9 | 17.0 | 7.1 | 10.8 | -5.8% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from the UK in 2022:
- France (513.5 tons)
- Canada (211.1 tons)
- Ireland (122.4 tons)
- Romania (120.0 tons)
- Poland (99.3 tons)
- Belgium (97.6 tons)
- Hong Kong SAR (51.8 tons)
- Netherlands (32.6 tons)
- Germany (8.6 tons)
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