Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore - 2022
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (CIF) - 2022
- Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $7,540 per ton, surging by 2.8% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2014 to 2022: its price increased at an average annual rate of +3.6% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses increased by +70.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2014 to 2022, the rate of growth in terms of prices for Australia amounted to +3.6% per year.
Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore
In 2022, overseas purchases of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses increased by 4.7% to 187 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep slump.
In value terms, imports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $1.4M in 2022. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.5 | 1.9 | 1.3 | 1.4 | -2.3% |
| Italy | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.9 | 1.3 | 1.4 | -6.3% |
Top Suppliers of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Singapore in 2022:
- Australia (187.2 tons)
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