Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy (FOB) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $8,083 per ton in October 2023, shrinking by -33.2% against the previous month. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 39% m-o-m. The import price peaked at $17,205 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +0.5% per month.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy (FOB) - 2023
In October 2023, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $8,662 per ton, growing by 3.3% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 79% against the previous month. As a result, the export price reached the peak level of $10,977 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($31,402 per ton), while the average price for exports to the UK ($4,540 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 the United Arab Emirates (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy
In 2022, after two years of decline, there was significant growth in overseas purchases of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), when their volume increased by 91% to 1.5K tons. In general, imports, however, saw a deep slump.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) skyrocketed to $18M in 2022. Overall, imports, however, continue to indicate a mild reduction.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.7 | 0.5 | 3.3 | 7.3 | 62.5% |
| New Zealand | 13.8 | 13.4 | 3.1 | 4.8 | -29.7% |
| Ireland | 1.0 | 0.2 | 0.4 | 2.2 | 30.1% |
| France | 0.3 | N/A | 0.1 | 1.5 | 71.0% |
| Germany | 0.5 | 0.1 | 0.8 | 1.1 | 30.1% |
| Spain | 0.2 | N/A | N/A | 0.8 | 58.7% |
| United Kingdom | 1.1 | 0.5 | N/A | N/A | -54.5% |
| Others | 0.3 | 0.8 | 0.2 | 0.4 | 10.1% |
| Total | 19.0 | 15.6 | 7.9 | 18.1 | -1.6% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Italy in 2022:
- Netherlands (655.9 tons)
- New Zealand (402.7 tons)
- Ireland (144.8 tons)
- France (125.7 tons)
- Spain (75.5 tons)
- Germany (55.9 tons)
- United Kingdom (0.1 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Italy
After three years of growth, shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -6.5% to 1.7K tons in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 92%.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) rose notably to $9.6M in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. The exports peaked 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 Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | 759 | 763 | 3,155 | 103.9% |
| Oman | 32.0 | 411 | 2,669 | 1,873 | 288.3% |
| South Korea | 254 | N/A | 344 | 484 | 24.0% |
| Kuwait | N/A | N/A | 1,227 | 450 | -63.3% |
| Belgium | 2.7 | 0.2 | N/A | 359 | 410.4% |
| Netherlands | 0.3 | 29.7 | 194 | 287 | 885.3% |
| France | 130 | 162 | 511 | 283 | 29.6% |
| Greece | 112 | 41.8 | 99.9 | 254 | 31.4% |
| Bahrain | N/A | 208 | 681 | 241 | 7.6% |
| Bahamas | N/A | 99.5 | 250 | 213 | 46.3% |
| Somalia | 225 | 188 | 184 | 160 | -10.7% |
| Democratic Republic of the Congo | 289 | 109 | 144 | 135 | -22.4% |
| Singapore | 343 | 1,057 | N/A | N/A | 208.2% |
| Others | 1,589 | 1,560 | 1,901 | 1,722 | 2.7% |
| Total | 2,977 | 4,625 | 8,967 | 9,618 | 47.8% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Italy in 2022:
- Qatar (673.2 tons)
- Oman (410.4 tons)
- South Korea (105.3 tons)
- Kuwait (99.4 tons)
- Bahrain (49.5 tons)
- Bahamas (46.5 tons)
- France (38.4 tons)
- Netherlands (35.1 tons)
- Belgium (29.0 tons)
- Somalia (28.1 tons)
- Greece (26.7 tons)
- Democratic Republic of the Congo (21.1 tons)
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