Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (FOB) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (CIF) - 2023
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (FOB) - 2023
In December 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $5,032 per ton, falling by -7.3% against the previous month. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in April 2023 an increase of 6.3% against the previous month. Over the period under review, the average export prices hit record highs at $6,786 per ton in June 2023; however, from July 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($10,359 per ton), while the average price for exports to China ($3,163 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (CIF) - 2023
In December 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $3,903 per ton, increasing by 4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 17% m-o-m. The import price peaked at $4,614 per ton in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From December 2022 to December 2023, the rate of growth in terms of prices for the UK amounted to +7.1% per month.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand
In 2022, after three years of growth, there was significant decline in shipments abroad of meat of sheep or goats; fresh, chilled or frozen, when their volume decreased by -5.7% to 375K tons. Overall, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2020 with an increase of 1.3%.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen reduced to $2.8B in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports attained the peak of $2.9B, and then reduced in the following year.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,067 | 1,038 | 1,429 | 988 | -2.5% |
United States | 277 | 221 | 341 | 375 | 10.6% |
United Kingdom | 253 | 272 | 261 | 258 | 0.7% |
Netherlands | 159 | 127 | 151 | 186 | 5.4% |
Germany | 177 | 166 | 132 | 177 | 0.0% |
France | 73.8 | 77.2 | 83.4 | 102 | 11.4% |
Canada | 70.4 | 70.0 | 79.9 | 90.8 | 8.9% |
Malaysia | 36.6 | 60.8 | 27.9 | 69.1 | 23.6% |
Japan | 64.8 | 67.4 | 64.1 | 63.0 | -0.9% |
Taiwan (Chinese) | 48.7 | 62.1 | 49.0 | 57.6 | 5.8% |
Saudi Arabia | 41.3 | 45.2 | 36.1 | 47.9 | 5.1% |
Others | 307 | 296 | 263 | 338 | 3.3% |
Total | 2,575 | 2,503 | 2,918 | 2,753 | 2.3% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from New Zealand in 2022:
- China (196.7K tons)
- United Kingdom (32.5K tons)
- United States (29.2K tons)
- Netherlands (15.4K tons)
- Germany (14.6K tons)
- Canada (11.1K tons)
- France (10.9K tons)
- Malaysia (10.5K tons)
- Taiwan (Chinese) (8.0K tons)
- Saudi Arabia (7.0K tons)
- Japan (5.8K tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand
In 2022, approx. 2.7K tons of meat of sheep or goats; fresh, chilled or frozen were imported into New Zealand; surging by 4.5% against the previous year. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55%. As a result, imports reached the peak of 3.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen rose sharply to $12M in 2022. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 99% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 7.8 | 6.1 | 9.2 | 9.2 | 5.7% |
United Kingdom | 0.8 | 3.0 | 1.7 | 1.9 | 33.4% |
Ireland | N/A | 0.1 | N/A | 0.4 | 100.0% |
Others | N/A | 7.9 | 0.2 | 0.1 | -88.7% |
Total | 8.7 | 17.2 | 11.0 | 11.7 | 10.4% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to New Zealand in 2022:
- Australia (2239.7 tons)
- United Kingdom (405.9 tons)
- Ireland (73.1 tons)
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