Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (CIF) - 2024
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $6,099 per ton in January 2024, approximately reflecting the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 25% against the previous month. As a result, import price reached the peak level of $7,778 per ton. From July 2023 to January 2024, the average import prices remained 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 Uruguay ($6,204 per ton), while the price for Argentina stood at $3,716 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Chile (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (FOB) - 2022
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $12,736 per ton in 2022, surging by 31% against the previous year. In general, the export price, however, faced a abrupt slump. Over the period under review, the average export prices hit record highs at $43,917 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($16,111 per ton), while the average price for exports to Cyprus ($7,092 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-5.8%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil
In 2022, supplies from abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) was finally on the rise to reach 3.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced decline.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $29M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.4% 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 +57.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 21.5 | 13.8 | 14.3 | 25.3 | 5.6% |
| Chile | 3.1 | 2.5 | 3.4 | 3.3 | 2.1% |
| Argentina | 2.9 | 1.8 | 0.7 | 0.1 | -67.5% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 27.6 | 18.3 | 18.4 | 28.8 | 1.4% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Brazil in 2022:
- Uruguay (3492.0 tons)
- Chile (315.8 tons)
- Argentina (15.8 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil
In 2022, shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -4.4% to 33 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 12%. As a result, the exports reached the peak of 35 tons, and then declined in the following year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $425K in 2022. The total export value increased at an average annual rate of +12.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Marshall Islands | 32.3 | 69.3 | 49.9 | 98.0 | 44.8% |
| Panama | 19.8 | 25.1 | 25.9 | 46.1 | 32.5% |
| Liberia | 24.3 | 40.9 | 34.8 | 45.1 | 22.9% |
| Hong Kong SAR | 33.3 | 36.5 | 34.6 | 39.4 | 5.8% |
| Singapore | 18.9 | 27.0 | 22.9 | 39.1 | 27.4% |
| Bahamas | 11.7 | 15.9 | 11.8 | 25.7 | 30.0% |
| Norway | 8.4 | 11.3 | 8.4 | 15.2 | 21.9% |
| Malta | 9.1 | 12.5 | 11.1 | 14.3 | 16.3% |
| Denmark | 6.6 | 12.3 | 6.3 | 13.6 | 27.3% |
| Portugal | 1.2 | 4.8 | 3.1 | 13.5 | 124.1% |
| China | 2.2 | 3.8 | 4.5 | 9.2 | 61.1% |
| Greece | 3.6 | 6.2 | 6.7 | 7.8 | 29.4% |
| Cyprus | 3.7 | 3.4 | 1.6 | 5.0 | 10.6% |
| Others | 124 | 50.4 | 118 | 52.8 | -24.8% |
| Total | 299 | 320 | 339 | 425 | 12.4% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Brazil in 2022:
- Marshall Islands (7.3 tons)
- Panama (4.0 tons)
- Liberia (3.5 tons)
- Singapore (3.1 tons)
- Hong Kong SAR (2.9 tons)
- Bahamas (2.1 tons)
- Malta (1.1 tons)
- Norway (1.1 tons)
- Portugal (1.0 tons)
- Denmark (0.8 tons)
- Greece (0.8 tons)
- Cyprus (0.7 tons)
- China (0.7 tons)
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