Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia (CIF) - 2022
In 2021, the average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $6,231 per ton, picking up by 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. The import price peaked in 2021 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Australia ($6,686 per ton) and New Zealand ($6,190 per ton), while the price for Kenya ($4,501 per ton) and Argentina ($4,524 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), 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 Saudi Arabia (FOB) - 2022
In 2021, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $7,339 per ton, dropping by -41.2% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 55% against the previous year. As a result, the export price attained the peak level of $12,484 per ton, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2021, the rate of growth in terms of prices for India amounted to +10.3% per year.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia
In 2022, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) into Saudi Arabia dropped to 8.1K tons, with a decrease of -5.5% compared with the year before. In general, imports saw a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports reached the peak of 8.5K tons, and then contracted in the following year.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) contracted to $49M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $53M, and then reduced in the following year.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| New Zealand | 22.2 | 21.0 | 26.9 | 10.1% |
| Australia | 24.4 | 21.2 | 21.3 | -6.6% |
| Spain | 1.1 | 1.9 | 2.9 | 62.4% |
| Argentina | N/A | N/A | 0.8 | 0% |
| Kenya | N/A | N/A | 0.7 | 0% |
| Others | 2.1 | 1.4 | 0.6 | -46.5% |
| Total | 49.8 | 45.5 | 53.2 | 3.4% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Saudi Arabia in 2022:
- New Zealand (4.3K tons)
- Australia (3.2K tons)
- Spain (0.6K tons)
- Argentina (0.2K tons)
- Kenya (0.1K tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exported from Saudi Arabia surged to 46 tons, picking up by 60% against the previous year's figure. Overall, exports, however, showed a slight reduction.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $466K in 2022. Over the period under review, exports posted a prominent increase.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Spain | N/A | N/A | 211 | 0% |
| Kuwait | N/A | 187 | N/A | 0% |
| Oman | N/A | 15.4 | N/A | 0% |
| Bahrain | 14.9 | N/A | N/A | 0% |
| Others | 373 | 518 | N/A | 38.9% |
| Total | 388 | 720 | 211 | -26.3% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Saudi Arabia in 2022:
- Spain (32.1 tons)
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