Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain (FOB) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain (CIF) - 2023
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain (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 $5,253 per ton, with an increase of 25% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 26% m-o-m. As a result, the export price attained the peak level of $5,959 per ton. From February 2023 to October 2023, the the average export prices remained at a somewhat 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 Israel ($13,540 per ton), while the average price for exports to Belgium ($1,162 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 (+10.1%), 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 Spain (CIF) - 2023
In October 2023, the average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $8,654 per ton, which is down by -21.7% against the previous month. Over the period under review, import price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -25.2% against August 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 27% month-to-month. Over the period under review, average import prices reached the maximum at $11,699 per ton in January 2023; however, from February 2023 to October 2023, import prices stood at a somewhat 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 the Netherlands ($16,418 per ton), while the price for New Zealand ($6,629 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 Slovenia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain
In 2022, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) from Spain reached 10K tons, increasing by 3.7% on the previous year. The total export volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) totaled $58M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 4.3 | 5.7 | 12.6 | 13.4 | 46.1% |
| Qatar | 2.4 | 5.4 | 6.0 | 7.0 | 42.9% |
| France | 2.5 | 2.9 | 2.4 | 4.4 | 20.7% |
| Saudi Arabia | 4.9 | 3.8 | 8.0 | 4.3 | -4.3% |
| Oman | 0.3 | 2.2 | 3.5 | 4.1 | 139.1% |
| United Arab Emirates | 0.7 | 3.8 | 4.4 | 3.8 | 75.7% |
| Kuwait | 3.2 | 3.3 | 4.0 | 3.1 | -1.1% |
| Germany | 0.4 | 0.3 | 0.4 | 2.2 | 76.5% |
| Bahrain | 1.4 | 2.6 | 1.5 | 1.7 | 6.7% |
| Netherlands | 0.7 | 0.7 | 0.6 | 1.6 | 31.7% |
| United Kingdom | 1.1 | 0.9 | 0.5 | 0.7 | -14.0% |
| Denmark | 2.2 | 1.0 | 0.6 | 0.7 | -31.7% |
| Ghana | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Others | 6.4 | 5.2 | 5.9 | 10.3 | 17.2% |
| Total | 30.7 | 38.1 | 50.6 | 57.6 | 23.3% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Spain in 2022:
- Qatar (1470.4 tons)
- Israel (1257.3 tons)
- Oman (960.4 tons)
- Saudi Arabia (868.5 tons)
- United Arab Emirates (830.4 tons)
- Kuwait (702.9 tons)
- France (658.9 tons)
- Germany (455.6 tons)
- Bahrain (342.1 tons)
- Netherlands (286.3 tons)
- United Kingdom (257.9 tons)
- Ghana (231.7 tons)
- Denmark (108.2 tons)
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain
In 2022, supplies from abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) was finally on the rise to reach 2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt shrinkage.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) skyrocketed to $17M in 2022. Over the period under review, imports, however, recorded a noticeable downturn.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.7 | 1.1 | 2.2 | 6.0 | 30.5% |
| New Zealand | 5.2 | 2.4 | 0.8 | 5.9 | 4.3% |
| Argentina | 1.3 | 1.0 | 0.1 | 1.3 | 0.0% |
| France | 0.6 | 0.5 | 1.0 | 1.1 | 22.4% |
| Belgium | 0.7 | 0.1 | 0.6 | 0.8 | 4.6% |
| Slovenia | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Chile | 1.2 | 0.7 | 0.2 | 0.5 | -25.3% |
| Italy | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Poland | 0.8 | 0.7 | 0.6 | 0.3 | -27.9% |
| Germany | 0.7 | 0.6 | 0.1 | 0.1 | -47.7% |
| Austria | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Iceland | 2.9 | N/A | N/A | N/A | 0% |
| Romania | N/A | N/A | 0.3 | N/A | 0% |
| Others | 1.3 | 0.4 | 0.7 | 0.4 | -32.5% |
| Total | 18.5 | 7.9 | 6.8 | 17.4 | -2.0% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Spain in 2022:
- New Zealand (676.8 tons)
- Netherlands (620.6 tons)
- Slovenia (161.2 tons)
- Argentina (153.7 tons)
- France (122.3 tons)
- Italy (92.6 tons)
- Belgium (50.5 tons)
- Chile (48.5 tons)
- Poland (25.1 tons)
- Romania (13.2 tons)
- Germany (8.1 tons)
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