Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (FOB) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (CIF) - 2023
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $9,434 per ton in December 2023, growing by 2.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 20% against the previous month. Over the period under review, average import prices reached the maximum at $10,926 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($12,731 per ton), while the price for Australia stood at $8,619 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (+1.0%).
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (FOB) - 2023
In December 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $6,870 per ton, increasing by 2.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 36% month-to-month. Over the period under review, the average export prices reached the peak figure at $7,067 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 external markets. In December 2023, the country with the highest price was Costa Rica ($28,572 per ton), while the average price for exports to Hong Kong SAR ($1,406 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 Costa Rica (+19.1%), 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 the United States
After three years of growth, supplies from abroad of meat of sheep or goats; fresh, chilled or frozen decreased by -0.8% to 165K tons in 2022. The total import volume increased at an average annual rate of +9.1% 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 2021 with an increase of 25%. As a result, imports reached the peak of 166K tons, leveling off in the following year.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $1.6B in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value 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 +64.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 840 | 744 | 1,047 | 1,182 | 12.1% |
| New Zealand | 297 | 227 | 323 | 403 | 10.7% |
| Mexico | 6.6 | 4.7 | 13.1 | 20.3 | 45.4% |
| Others | 5.5 | 8.0 | 14.2 | 15.5 | 41.3% |
| Total | 1,149 | 984 | 1,397 | 1,621 | 12.2% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to the United States in 2022:
- Australia (128.7K tons)
- New Zealand (31.1K tons)
- Mexico (2.6K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States
In 2022, exports of meat of sheep or goats; fresh, chilled or frozen from the United States surged to 3.4K tons, jumping by 43% compared with the previous year's figure. Overall, exports, however, recorded a deep downturn.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen surged to $18M in 2022. In general, exports, however, recorded a mild setback.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3,332 | 1,464 | 1,727 | 3,220 | -1.1% |
| Dominican Republic | 1,235 | 790 | 1,562 | 2,827 | 31.8% |
| Bahamas | 2,087 | 799 | 1,172 | 1,644 | -7.6% |
| Canada | 707 | 507 | 352 | 1,076 | 15.0% |
| Turks and Caicos Islands | 577 | 309 | 750 | 902 | 16.1% |
| Trinidad and Tobago | 760 | 441 | 613 | 878 | 4.9% |
| Aruba | 820 | 161 | 333 | 803 | -0.7% |
| Saint Maarten (Dutch part) | 480 | 288 | 410 | 681 | 12.4% |
| Cayman Islands | 792 | 799 | 823 | 661 | -5.8% |
| Antigua and Barbuda | 524 | 251 | 564 | 646 | 7.2% |
| Barbados | 394 | 209 | 266 | 537 | 10.9% |
| Suriname | 42.3 | 5.3 | 13.3 | 431 | 116.8% |
| Saint Lucia | 168 | 101 | 96.1 | 427 | 36.5% |
| Others | 7,531 | 3,688 | 3,451 | 3,761 | -20.7% |
| Total | 19,448 | 9,813 | 12,131 | 18,494 | -1.7% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from the United States in 2022:
- Mexico (783.3 tons)
- Dominican Republic (441.0 tons)
- Cayman Islands (293.4 tons)
- Bahamas (213.8 tons)
- Canada (197.7 tons)
- Turks and Caicos Islands (155.1 tons)
- Antigua and Barbuda (151.2 tons)
- Trinidad and Tobago (133.3 tons)
- Saint Maarten (Dutch part) (112.1 tons)
- Aruba (105.2 tons)
- Saint Lucia (98.2 tons)
- Barbados (86.1 tons)
- Suriname (77.5 tons)
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