Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates - 2022
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (CIF) - 2022
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (FOB) - 2022
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $10,770 per ton, growing by 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +1.6% per year.
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for fresh or chilled sheep (including lamb) boneless cutses amounted to $10,579 per ton, shrinking by -4% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled sheep (including lamb) boneless cutses increased by +65.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 50%. Over the period under review, the average export prices reached the peak figure at $11,649 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($10,789 per ton), while the average price for exports to Eritrea ($7,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+23.6%).
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
In 2022, approx. 1.9K tons of fresh or chilled sheep (including lamb) boneless cutses were imported into the United Arab Emirates; picking up by 12% compared with 2021 figures. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses surged to $21M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 13.9 | 12.3 | 17.4 | 20.4 | 13.6% |
| Others | 0.4 | 1.1 | 0.2 | 0.1 | -37.0% |
| Total | 14.3 | 13.4 | 17.6 | 20.6 | 12.9% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to the United Arab Emirates in 2022:
- Australia (1884.1 tons)
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates
In 2022, approx. 12 tons of fresh or chilled sheep (including lamb) boneless cutses were exported from the United Arab Emirates; with a decrease of -84.3% against 2021. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 5.3% against the previous year. As a result, the exports reached the peak of 79 tons, and then contracted notably in the following year.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses shrank notably to $132K in 2022. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $875K, and then declined notably in the following year.
| Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 497 | 637 | 764 | 127 | -36.5% |
| Eritrea | N/A | N/A | N/A | 3.4 | 0% |
| Tanzania | N/A | N/A | N/A | 1.7 | 0% |
| Others | 3.8 | 22.5 | 111 | N/A | 440.5% |
| Total | 501 | 660 | 875 | 132 | -35.9% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from the United Arab Emirates in 2022:
- Oman (11.8 tons)
- Eritrea (0.5 tons)
- Tanzania (0.2 tons)
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