Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway - 2024
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway (CIF) - 2024
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway (CIF) - 2024
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $5,936 per ton in January 2024, shrinking by -57.5% against the previous month. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in August 2023 an increase of 292% m-o-m. The import price peaked at $26,121 per ton in April 2023; however, from May 2023 to January 2024, import prices stood 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 New Zealand ($22,583 per ton), while the price for Iceland ($4,520 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (0.0%), 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 Norway (FOB) - 2022
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $25,268 per ton in 2022, jumping by 185% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($29,563 per ton), while the average price for exports to the UK ($12,813 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 Italy (+125.0%), 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 Norway
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) imported into Norway contracted modestly to 463 tons, which is down by -4.2% compared with 2021. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 124% against the previous year. As a result, imports attained the peak of 483 tons, and then fell modestly in the following year.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) expanded modestly to $4.6M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 1.2 | 0.2 | 2.1 | 2.4 | 26.0% |
| New Zealand | 2.0 | 2.2 | 2.2 | 2.1 | 1.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.3 | 2.5 | 4.4 | 4.6 | 11.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Norway in 2022:
- Iceland (330.2 tons)
- New Zealand (126.1 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway
For the third year in a row, Norway recorded decline in overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), which decreased by -94.8% to 272 kg in 2022. In general, exports saw a precipitous contraction. The smallest decline of -61.3% was in 2020.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) declined significantly to $6.9K in 2022. Over the period under review, exports faced a dramatic decrease. The smallest decline of -61.9% was in 2020.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 3.7 | 0% |
| Netherlands | N/A | N/A | N/A | 2.9 | 0% |
| United Kingdom | N/A | N/A | 14.2 | 0.2 | -98.6% |
| Sweden | N/A | 41.0 | 21.8 | N/A | -46.8% |
| Oman | 1,410 | 497 | N/A | N/A | -64.8% |
| Others | 5.0 | 0.5 | 10.5 | N/A | 44.9% |
| Total | 1,415 | 539 | 46.5 | 6.9 | -83.0% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Norway in 2022:
- Netherlands (130.0 kg)
- Denmark (126.0 kg)
- United Kingdom (16.0 kg)
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