Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (FOB) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (CIF) - 2022
In 2022, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,303 per ton, remaining stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, import price attained the peak level of $7,402 per ton, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($11,868 per ton), while the price for Ireland ($6,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (FOB) - 2023
In October 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $9,016 per ton, waning by -9.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in September 2023 an increase of 42% month-to-month. As a result, the export price reached the peak level of $9,914 per ton, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($28,407 per ton), while the average price for exports to Lebanon ($5,788 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 (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into Italy surged to 28K tons, growing by 21% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $201M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 16.0 | 14.4 | 40.2 | 54.9 | 50.8% |
Spain | 25.0 | 14.1 | 26.2 | 39.2 | 16.2% |
Greece | 17.9 | 16.3 | 30.6 | 26.3 | 13.7% |
Ireland | 13.6 | 11.3 | 15.5 | 25.8 | 23.8% |
Netherlands | 8.0 | 6.7 | 10.8 | 18.1 | 31.3% |
North Macedonia | 6.2 | 5.0 | 9.9 | 9.1 | 13.6% |
Romania | 7.9 | 3.4 | 6.3 | 6.0 | -8.8% |
Germany | 5.3 | 4.8 | 6.6 | 5.5 | 1.2% |
New Zealand | 17.2 | 15.7 | 5.3 | 4.9 | -34.2% |
United Kingdom | 34.6 | 38.6 | 4.5 | 0.6 | -74.1% |
Others | 15.1 | 9.0 | 12.0 | 10.3 | -12.0% |
Total | 167 | 139 | 168 | 201 | 6.4% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Italy in 2022:
- France (7.6K tons)
- Spain (6.1K tons)
- Ireland (4.2K tons)
- Greece (3.2K tons)
- Netherlands (2.1K tons)
- North Macedonia (1.2K tons)
- Romania (0.8K tons)
- Germany (0.7K tons)
- New Zealand (0.4K tons)
- United Kingdom (0.1K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy
In 2022, exports of meat of sheep or goats; fresh, chilled or frozen from Italy surged to 5.4K tons, growing by 23% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen soared to $36M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 9.5 | 7.5 | 12.4 | 15.5 | 17.7% |
Oman | 0.3 | 3.4 | 3.1 | 3.5 | 126.8% |
Qatar | 0.5 | 0.8 | 0.8 | 3.3 | 87.6% |
Belgium | 1.2 | 1.6 | 2.1 | 1.9 | 16.6% |
Portugal | 0.3 | 0.6 | N/A | 1.8 | 81.7% |
France | 1.0 | 2.3 | 2.2 | 1.8 | 21.6% |
Somalia | 1.5 | 1.1 | 0.3 | 1.1 | -9.8% |
Bahrain | 0.3 | 0.8 | 0.7 | 1.0 | 49.4% |
Germany | 0.1 | 0.2 | 0.4 | 0.7 | 91.3% |
United Arab Emirates | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
Malta | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
Kuwait | N/A | 0.3 | 1.3 | 0.6 | 41.4% |
South Korea | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
Others | 8.7 | 6.4 | 4.6 | 3.5 | -26.2% |
Total | 24.6 | 25.8 | 29.3 | 36.3 | 13.8% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Italy in 2022:
- Spain (1860.3 tons)
- Oman (739.2 tons)
- Qatar (683.8 tons)
- Bahrain (230.2 tons)
- France (229.1 tons)
- Somalia (214.3 tons)
- Portugal (185.6 tons)
- Belgium (146.9 tons)
- Malta (135.0 tons)
- United Arab Emirates (132.0 tons)
- Kuwait (118.8 tons)
- Germany (113.3 tons)
- South Korea (112.0 tons)
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