Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $8,016 per ton in October 2023, jumping by 24% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 54% against the previous month. The import price peaked at $9,576 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($14,989 per ton), while the price for the Netherlands ($7,409 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 Belgium (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $5,740 per ton, increasing by 15% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $8,038 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($19,471 per ton), while the average price for exports to Spain ($2,915 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 the Netherlands (+12.9%), 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 Portugal
After two years of decline, supplies from abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by 123% to 1.3K tons in 2022. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) surged to $11M in 2022. Overall, imports showed a resilient increase. As a result, imports attained 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.7 | 0.4 | 1.6 | 4.3 | 36.3% |
| New Zealand | 3.5 | 4.0 | 1.6 | 4.3 | 7.1% |
| France | 0.7 | 0.1 | 0.6 | 1.0 | 12.6% |
| Spain | 0.7 | 0.6 | 0.5 | 0.6 | -5.0% |
| Argentina | 0.4 | 0.3 | 0.3 | 0.1 | -37.0% |
| Others | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
| Total | 7.4 | 5.9 | 5.1 | 10.7 | 13.1% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Portugal in 2022:
- Netherlands (573.5 tons)
- New Zealand (491.7 tons)
- France (124.2 tons)
- Spain (71.0 tons)
- Argentina (9.1 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal
In 2022, after three years of growth, there was significant decline in shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses), when their volume decreased by -44.4% to 196 tons. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 227%. As a result, the exports reached the peak of 352 tons, and then fell markedly in the following year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) shrank notably to $1.1M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 233% against the previous year. As a result, the exports attained the peak of $1.8M, and then fell dramatically in the following year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 270 | 322 | 19.3% |
| Spain | 47.7 | 34.1 | 45.0 | 282 | 80.8% |
| France | 15.3 | 297 | 86.7 | 188 | 130.8% |
| United Arab Emirates | N/A | N/A | N/A | 132 | 0% |
| Egypt | N/A | N/A | 952 | 83.5 | -91.2% |
| Angola | 69.1 | 38.1 | 170 | 50.0 | -10.2% |
| Cabo Verde | 19.3 | 16.7 | 24.7 | 25.9 | 10.3% |
| Palestine | N/A | 107 | N/A | N/A | 0% |
| Qatar | N/A | N/A | 178 | N/A | 0% |
| Bahrain | 83.0 | N/A | N/A | N/A | 0% |
| Others | 35.4 | 34.3 | 31.3 | 41.0 | 5.0% |
| Total | 270 | 527 | 1,757 | 1,123 | 60.8% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Portugal in 2022:
- Spain (96.6 tons)
- United Arab Emirates (33.5 tons)
- France (19.5 tons)
- Egypt (17.9 tons)
- Netherlands (16.5 tons)
- Angola (4.9 tons)
- Cabo Verde (2.4 tons)
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