Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (FOB) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (CIF) - 2023
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (FOB) - 2023
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $6,419 per ton in October 2023, which is down by -17.3% against the previous month. Overall, the export price saw a mild descent. The pace of growth was the most pronounced in May 2023 when the average export price increased by 52% m-o-m. Over the period under review, the average export prices reached the peak figure at $8,880 per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Belgium ($14,298 per ton), while the average price for exports to the Philippines ($1,352 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $6,870 per ton in October 2023, waning by -6.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 31% month-to-month. As a result, import price attained the peak level of $10,197 per ton. From May 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Australia ($6,952 per ton), while the price for the UK ($3,443 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Australia (+1.8%), while the prices for the other major suppliers experienced a decline.
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland
In 2022, approx. 4.5K tons of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) were exported from Ireland; picking up by 8.3% against the previous year. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 26%. As a result, the exports reached the peak of 4.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $31M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.8 | 4.1 | 6.2 | 6.7 | 20.8% |
| Canada | 3.7 | 4.1 | 4.7 | 4.7 | 8.3% |
| Italy | 0.1 | 0.1 | 1.6 | 4.3 | 250.3% |
| United Kingdom | 2.9 | 3.5 | 3.0 | 3.4 | 5.4% |
| France | 0.7 | 1.1 | 2.0 | 3.2 | 66.0% |
| Switzerland | 0.1 | 1.0 | 1.2 | 2.4 | 188.4% |
| Belgium | 1.0 | 1.0 | 0.8 | 1.4 | 11.9% |
| Germany | 0.6 | 0.3 | 0.7 | 1.2 | 26.0% |
| Netherlands | 0.4 | 0.3 | 0.4 | 1.1 | 40.1% |
| Singapore | N/A | 0.2 | 0.5 | 0.7 | 87.1% |
| Ghana | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Cote d'Ivoire | 0.6 | 0.6 | 0.2 | 0.2 | -30.7% |
| Hong Kong SAR | 0.9 | 2.3 | 1.7 | 0.1 | -51.9% |
| Others | 0.7 | 1.2 | 1.8 | 1.5 | 28.9% |
| Total | 15.5 | 20.1 | 24.9 | 31.2 | 26.3% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Ireland in 2022:
- Sweden (1064.9 tons)
- Canada (852.6 tons)
- United Kingdom (547.1 tons)
- France (449.4 tons)
- Italy (336.3 tons)
- Cote d'Ivoire (195.2 tons)
- Ghana (173.1 tons)
- Switzerland (166.6 tons)
- Singapore (150.2 tons)
- Belgium (137.9 tons)
- Netherlands (134.3 tons)
- Germany (132.9 tons)
- Hong Kong SAR (25.8 tons)
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland
In 2022, overseas purchases of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -36.3% to 1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of 1.6K tons, and then dropped sharply in the following year.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) contracted rapidly to $7.9M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 145% against the previous year.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.3 | 2.4 | 5.9 | 3.6 | 128.9% |
| Australia | 1.3 | 1.4 | 4.2 | 2.6 | 26.0% |
| United Kingdom | 0.5 | 0.8 | 1.0 | 1.3 | 37.5% |
| Netherlands | N/A | 0.4 | 0.1 | 0.4 | 0.0% |
| Iceland | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 5.1 | 12.1 | 7.9 | 55.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Ireland in 2022:
- New Zealand (458.6 tons)
- Australia (330.1 tons)
- United Kingdom (163.6 tons)
- Netherlands (77.4 tons)
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