Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
- Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (CIF) - 2022
The average import price for frozen sheep (including lamb) boneless cutses stood at $7,324 per ton in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($18,354 per ton), while the price for Saudi Arabia ($1,484 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+43.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) boneless cutses amounted to $3,905 per ton, growing by 29% against the previous year. In general, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,107 per ton in 2019; however, from 2020 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 Djibouti ($20,986 per ton), while the average price for exports to India ($2,309 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 Ethiopia (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
Imports of frozen sheep (including lamb) boneless cutses into the United Arab Emirates surged to 1.6K tons in 2022, growing by 72% on 2021 figures. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.0% against 2020 indices.
In value terms, imports of frozen sheep (including lamb) boneless cutses skyrocketed to $12M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 8.5 | 9.2 | 4.6 | 10.9 | 8.6% |
| Ukraine | N/A | N/A | N/A | 0.2 | 0% |
| India | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Spain | 0.2 | 0.9 | 1.0 | N/A | 123.6% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Total | 8.8 | 10.3 | 5.9 | 11.6 | 9.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to the United Arab Emirates in 2022:
- Australia (1478.8 tons)
- Ukraine (31.5 tons)
- India (28.3 tons)
- Saudi Arabia (2.5 tons)
- Spain (1.5 tons)
Exports of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
For the fourth year in a row, the United Arab Emirates recorded growth in overseas shipments of frozen sheep (including lamb) boneless cutses, which increased by 0.2% to 284 tons in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 210% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of frozen sheep (including lamb) boneless cutses surged to $1.1M in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Frozen Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 12.1 | N/A | 105 | 509 | 247.8% |
| Oman | 65.6 | 94.7 | 140 | 154 | 32.9% |
| India | N/A | N/A | N/A | 144 | 0% |
| Ethiopia | 14.0 | 57.8 | 6.3 | 54.1 | 56.9% |
| Bahrain | 27.3 | 16.8 | 9.8 | 37.3 | 11.0% |
| Djibouti | 206 | 4.8 | 15.4 | 32.7 | -45.9% |
| Iraq | 49.2 | 118 | 30.1 | 12.4 | -36.8% |
| Yemen | N/A | 12.5 | 90.4 | N/A | 623.2% |
| Kenya | N/A | 0.5 | 279 | N/A | 55700.0% |
| Turkey | N/A | N/A | 51.2 | N/A | 0% |
| Maldives | 17.6 | N/A | 104 | N/A | 143.1% |
| Pakistan | 32.4 | 119 | N/A | N/A | 267.3% |
| Others | 122 | 32.6 | 23.9 | 164 | 10.4% |
| Total | 546 | 457 | 855 | 1,109 | 26.6% |
Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from the United Arab Emirates in 2022:
- Kuwait (184.7 tons)
- India (62.3 tons)
- Oman (13.8 tons)
- Bahrain (9.1 tons)
- Ethiopia (3.1 tons)
- Djibouti (1.6 tons)
- Iraq (0.6 tons)
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