Price for Frozen Lamb Carcasses and Half-Carcasses in Australia - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Australia (FOB) - 2023
- Price for Frozen Lamb Carcasses and Half-Carcasses in Australia (CIF) - 2022
- Exports of Frozen Lamb Carcasses and Half-Carcasses in Australia
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Australia
Price for Frozen Lamb Carcasses and Half-Carcasses in Australia (FOB) - 2023
The average export price for frozen lamb carcasses and half-carcasseses stood at $4,573 per ton in August 2023, with a decrease of -5.7% against the previous month. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in October 2022 when the average export price increased by 9.6% m-o-m. The export price peaked at $5,919 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In August 2023, the countries with the highest prices were the United States ($5,136 per ton) and Indonesia ($4,710 per ton), while the average price for exports to Jordan ($3,863 per ton) and the United Arab Emirates ($4,141 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Frozen Lamb Carcasses and Half-Carcasses in Australia (CIF) - 2022
The average import price for frozen lamb carcasses and half-carcasseses stood at $7,017 per ton in 2022, shrinking by -11.6% against the previous year. In general, the import price, however, posted a notable increase. The growth pace was the most rapid in 2021 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $7,941 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,352 per ton), while the price for New Zealand stood at $6,986 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).
Exports of Frozen Lamb Carcasses and Half-Carcasses in Australia
Frozen lamb carcasses and half-carcasses exports from Australia dropped rapidly to 6K tons in 2022, reducing by -53.1% on the previous year. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, the exports reached the peak of 13K tons, and then dropped significantly in the following year.
In value terms, frozen lamb carcasses and half-carcasses exports dropped significantly to $35M in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, the exports attained the peak of $79M, and then contracted remarkably in the following year.
| Export of Frozen Lamb Carcasses and Half-Carcasses in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.1 | 3.6 | 6.7 | 7.7 | 2.7% |
| United States | 10.3 | 5.8 | 24.0 | 6.0 | -16.5% |
| China | 4.2 | 6.5 | 14.8 | 5.9 | 12.0% |
| Malaysia | 2.1 | 0.6 | 2.1 | 4.5 | 28.9% |
| Canada | 2.1 | 1.6 | 3.0 | 1.6 | -8.7% |
| Japan | 0.3 | 0.3 | 1.7 | 1.6 | 74.7% |
| Singapore | 0.6 | 0.3 | 1.3 | 1.3 | 29.4% |
| Saudi Arabia | 0.5 | 0.1 | 0.6 | 1.1 | 30.1% |
| Qatar | 0.1 | 0.1 | 0.6 | 0.9 | 108.0% |
| Kuwait | 0.3 | 0.3 | 1.0 | 0.9 | 44.2% |
| Bahrain | 1.5 | 0.5 | 1.9 | 0.7 | -22.4% |
| Jordan | 4.8 | 2.9 | 2.1 | 0.4 | -56.3% |
| Dominican Republic | 2.6 | 0.7 | 1.4 | N/A | -26.6% |
| Others | 8.2 | 6.3 | 17.8 | 2.4 | -33.6% |
| Total | 44.6 | 29.6 | 78.9 | 35.1 | -7.7% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from Australia in 2022:
- United Arab Emirates (1379.2 tons)
- China (1077.8 tons)
- United States (984.5 tons)
- Malaysia (709.0 tons)
- Japan (264.3 tons)
- Canada (242.3 tons)
- Singapore (242.0 tons)
- Saudi Arabia (202.1 tons)
- Qatar (191.2 tons)
- Bahrain (175.0 tons)
- Kuwait (164.4 tons)
- Jordan (75.3 tons)
Imports of Frozen Lamb Carcasses and Half-Carcasses in Australia
In 2022, frozen lamb carcasses and half-carcasses imports into Australia plummeted to 18 tons, shrinking by -18.9% against 2021. In general, imports continue to indicate a dramatic setback.
In value terms, frozen lamb carcasses and half-carcasses imports plummeted to $125K in 2022. Over the period under review, imports showed a dramatic shrinkage. The smallest decline of -16.7% was in 2021.
| Import of Frozen Lamb Carcasses and Half-Carcasses in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | 53.4 | 173 | 124 | 52.4% | |
| Others | 156 | 2.1 | 1.4 | -90.5% | |
| Total | 210 | 175 | 125 | -22.8% | |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Australia in 2022:
- New Zealand (17.7 tons)
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