Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (FOB) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (CIF) - 2023
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (FOB) - 2023
In October 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,705 per ton, falling by -11.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 9.8% m-o-m. The export price peaked at $9,139 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($13,285 per ton), while the average price for exports to the UK ($6,118 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 Germany (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (CIF) - 2023
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $8,036 per ton in October 2023, with an increase of 9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 46% against the previous month. The import price peaked at $8,833 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($24,519 per ton), while the price for New Zealand ($6,917 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 the UK (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland
In 2022, approx. 56K tons of meat of sheep or goats; fresh, chilled or frozen were exported from Ireland; growing by 12% compared with 2021. Overall, exports recorded a modest expansion.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen expanded modestly to $450M in 2022. The total export value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 107 | 129 | 145 | 146 | 10.9% |
| Germany | 39.6 | 45.5 | 67.5 | 77.5 | 25.1% |
| United Kingdom | 66.8 | 65.4 | 51.7 | 55.0 | -6.3% |
| Sweden | 30.5 | 40.1 | 48.8 | 48.8 | 17.0% |
| Switzerland | 17.1 | 26.8 | 29.6 | 33.4 | 25.0% |
| Belgium | 28.2 | 32.5 | 38.6 | 27.6 | -0.7% |
| Netherlands | 7.1 | 7.4 | 10.3 | 16.4 | 32.2% |
| Italy | 13.2 | 11.8 | 13.1 | 15.3 | 5.0% |
| Denmark | 12.7 | 12.6 | 16.2 | 12.4 | -0.8% |
| Canada | 7.5 | 7.6 | 5.5 | 10.6 | 12.2% |
| Others | 10.6 | 12.0 | 12.4 | 7.2 | -12.1% |
| Total | 341 | 391 | 439 | 450 | 9.7% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Ireland in 2022:
- France (18.6K tons)
- Germany (9.7K tons)
- United Kingdom (8.4K tons)
- Sweden (6.3K tons)
- Belgium (2.7K tons)
- Netherlands (2.3K tons)
- Switzerland (2.1K tons)
- Italy (2.0K tons)
- Canada (1.6K tons)
- Denmark (1.2K tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland
In 2022, approx. 9K tons of meat of sheep or goats; fresh, chilled or frozen were imported into Ireland; picking up by 41% compared with 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $61M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 36.0 | 35.7 | 33.7 | 52.7 | 13.5% |
| New Zealand | 0.3 | 2.4 | 6.1 | 3.6 | 128.9% |
| Australia | 2.1 | 1.4 | 5.6 | 3.1 | 13.9% |
| Others | 1.0 | 1.7 | 4.2 | 1.8 | 21.6% |
| Total | 39.4 | 41.3 | 49.7 | 61.2 | 15.8% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Ireland in 2022:
- United Kingdom (7.9K tons)
- New Zealand (0.5K tons)
- Australia (0.4K tons)
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