Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia - 2023
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
- Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (FOB) - 2023
In December 2023, the average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,333 per ton, approximately mirroring the previous month. In general, the export price, however, posted a moderate increase. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 163% month-to-month. As a result, the export price reached the peak level of $8,641 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Jordan ($19,172 per ton), while the average price for exports to Papua New Guinea ($3,413 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 Jordan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia
For the third year in a row, Australia recorded decline in overseas shipments of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses, which decreased by -56.9% to 643 tons in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -10.4% was in 2021.
In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses reduced rapidly to $2.2M in 2022. Overall, exports saw a sharp slump. The smallest decline of -27.7% was in 2021.
| Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Qatar | 1.6 | 1.6 | 2.4 | 0.5 | -32.1% |
| Saudi Arabia | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Singapore | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| United Arab Emirates | 7.8 | 6.6 | 4.8 | 0.1 | -76.6% |
| South Korea | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Kuwait | 1.8 | 0.3 | 0.1 | 0.1 | -61.8% |
| China | 0.7 | 0.2 | N/A | N/A | -71.4% |
| Jordan | 2.2 | 0.7 | N/A | N/A | -68.2% |
| Iran | 2.4 | N/A | N/A | N/A | 0% |
| Bahrain | 9.1 | 1.1 | N/A | N/A | -87.9% |
| Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Total | 26.2 | 10.8 | 7.8 | 2.2 | -56.2% |
Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Australia in 2022:
- Papua New Guinea (463.3 tons)
- Qatar (100.5 tons)
- Singapore (26.7 tons)
- United Arab Emirates (16.9 tons)
- Saudi Arabia (12.9 tons)
- South Korea (12.0 tons)
- Kuwait (8.6 tons)
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