Price for Frozen Lamb Carcasses and Half-Carcasses in New Zealand - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in New Zealand (FOB) - 2023
- Price for Frozen Lamb Carcasses and Half-Carcasses in New Zealand (CIF) - 2022
- Exports of Frozen Lamb Carcasses and Half-Carcasses in New Zealand
- Imports of Frozen Lamb Carcasses and Half-Carcasses in New Zealand
Price for Frozen Lamb Carcasses and Half-Carcasses in New Zealand (FOB) - 2023
The average export price for frozen lamb carcasses and half-carcasseses stood at $5,669 per ton in August 2023, waning by -2.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 11% against the previous month. The export price peaked at $6,334 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to the United States ($5,814 per ton) and Japan ($5,642 per ton), while the average price for exports to Canada ($5,129 per ton) and China ($5,401 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 Canada (+0.0%), while the prices for the other major destinations experienced a decline.
Price for Frozen Lamb Carcasses and Half-Carcasses in New Zealand (CIF) - 2022
In 2022, the average import price for frozen lamb carcasses and half-carcasseses amounted to $6,683 per ton, approximately reflecting the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 a decrease of 99.9% against the previous year. The import price peaked at $7,709 per ton in 2020; however, from 2021 to 2022, 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 2020 to 2022, the rate of growth in terms of prices for Australia amounted to -6.6% per year.
Exports of Frozen Lamb Carcasses and Half-Carcasses in New Zealand
In 2022, after three years of growth, there was significant decline in shipments abroad of frozen lamb carcasses and half-carcasseses, when their volume decreased by -48.5% to 6.3K tons. In general, exports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2021 with an increase of 70%. As a result, the exports reached the peak of 12K tons, and then dropped sharply in the following year.
In value terms, frozen lamb carcasses and half-carcasses exports reduced dramatically to $40M in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. As a result, the exports reached the peak of $83M, and then reduced markedly in the following year.
| Export of Frozen Lamb Carcasses and Half-Carcasses in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 22.1 | 68.8 | 10.3 | -16.0% |
| United States | 5.8 | 5.6 | 7.3 | 9.4 | 17.5% |
| Malaysia | 4.1 | 3.6 | 0.8 | 5.4 | 9.6% |
| Canada | 1.0 | 1.8 | 2.7 | 3.5 | 51.8% |
| Japan | 1.5 | 2.0 | 1.1 | 2.4 | 17.0% |
| Germany | 0.6 | 0.8 | 0.8 | 2.1 | 51.8% |
| Saudi Arabia | 0.5 | 1.5 | N/A | 1.5 | 44.2% |
| Others | 2.4 | 4.0 | 1.8 | 5.7 | 33.4% |
| Total | 33.2 | 41.4 | 83.2 | 40.2 | 6.6% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from New Zealand in 2022:
- China (1815.9 tons)
- United States (1372.3 tons)
- Malaysia (813.7 tons)
- Canada (545.8 tons)
- Japan (355.0 tons)
- Germany (329.7 tons)
- Saudi Arabia (202.1 tons)
Imports of Frozen Lamb Carcasses and Half-Carcasses in New Zealand
In 2022, the amount of frozen lamb carcasses and half-carcasseses imported into New Zealand was estimated at 3.2 tons, remaining relatively unchanged against 2021. Over the period under review, imports continue to indicate significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, frozen lamb carcasses and half-carcasses imports stood at $21K in 2022. Overall, imports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Frozen Lamb Carcasses and Half-Carcasses in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Australia | 9.6 | N/A | 21.1 | 48.3% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 9.7 | N/A | 21.1 | 47.5% | |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to New Zealand in 2022:
- Australia (3.2 tons)
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