Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (FOB) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (CIF) - 2023
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (FOB) - 2023
In December 2023, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $4,829 per ton, declining by -2.8% against the previous month. Overall, the export price recorded a slight shrinkage. The pace of growth was the most pronounced in June 2023 an increase of 6.7% against the previous month. As a result, the export price attained the peak level of $6,324 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($10,571 per ton), while the average price for exports to China ($3,230 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 Netherlands (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (CIF) - 2023
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $3,745 per ton in December 2023, stabilizing at the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 15% month-to-month. As a result, import price reached the peak level of $4,362 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.
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 Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) exported from New Zealand amounted to 266K tons, therefore, remained relatively stable against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 3.5%. As a result, the exports reached the peak of 270K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) declined slightly to $1.8B in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, the exports attained the peak of $1.8B, leveling off in the following year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 904 | 863 | 1,127 | 813 | -3.5% |
| United States | 148 | 107 | 182 | 231 | 16.0% |
| United Kingdom | 81.1 | 117 | 103 | 167 | 27.2% |
| Netherlands | 61.5 | 48.4 | 42.2 | 75.2 | 6.9% |
| Germany | 62.3 | 63.2 | 39.5 | 64.6 | 1.2% |
| Canada | 41.4 | 37.7 | 42.0 | 50.7 | 7.0% |
| Malaysia | 25.7 | 45.7 | 19.1 | 47.6 | 22.8% |
| Saudi Arabia | 37.6 | 39.7 | 33.5 | 44.6 | 5.9% |
| France | 24.4 | 28.3 | 22.2 | 39.6 | 17.5% |
| Jordan | 16.3 | 25.4 | 16.0 | 34.1 | 27.9% |
| Others | 170 | 178 | 151 | 205 | 6.4% |
| Total | 1,572 | 1,553 | 1,778 | 1,772 | 4.1% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from New Zealand in 2022:
- China (160.0K tons)
- United Kingdom (21.6K tons)
- United States (17.5K tons)
- Netherlands (7.4K tons)
- Malaysia (7.0K tons)
- Germany (6.6K tons)
- Canada (6.5K tons)
- Saudi Arabia (6.5K tons)
- Jordan (5.0K tons)
- France (4.7K tons)
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand
In 2022, approx. 2.4K tons of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) were imported into New Zealand; with an increase of 4.9% on the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% 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 -21.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) rose to $9.8M in 2022. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 103%. As a result, imports attained the peak of $15M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.5 | 4.9 | 7.7 | 7.5 | 4.9% |
| United Kingdom | 0.8 | 2.9 | 1.6 | 1.9 | 33.4% |
| Ireland | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Others | N/A | 6.8 | 0.1 | N/A | -98.5% |
| Total | 7.3 | 14.8 | 9.4 | 9.8 | 10.3% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to New Zealand in 2022:
- Australia (1958.2 tons)
- United Kingdom (405.9 tons)
- Ireland (73.1 tons)
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