Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in India - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (FOB) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (CIF) - 2022
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (FOB) - 2023
In November 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,346 per ton, growing by 6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in December 2022 an increase of 9.9% m-o-m. Over the period under review, the average export prices hit record highs at $7,359 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Qatar ($7,753 per ton), while the average price for exports to Maldives ($3,960 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $10,605 per ton in 2022, with an increase of 22% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for meat of sheep or goats; fresh, chilled or frozen decreased by -10.1% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 55%. Over the period under review, average import prices hit record highs at $15,992 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($12,342 per ton), while the price for New Zealand amounted to $10,358 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India
Exports of meat of sheep or goats; fresh, chilled or frozen from India totaled 9.4K tons in 2022, increasing by 14% against the previous year. In general, exports, however, recorded a abrupt decline.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen rose significantly to $65M in 2022. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 73.2 | 37.9 | 44.5 | 49.0 | -12.5% |
| Qatar | 8.7 | 4.2 | 4.7 | 7.8 | -3.6% |
| Kuwait | 8.8 | 2.5 | 3.2 | 4.1 | -22.5% |
| Maldives | 1.3 | 0.5 | 1.5 | 1.6 | 7.2% |
| Oman | 2.7 | 1.1 | 1.2 | 1.0 | -28.2% |
| Saudi Arabia | 4.6 | 1.6 | 0.7 | 0.7 | -46.6% |
| Others | 1.6 | 0.6 | 0.7 | 1.0 | -14.5% |
| Total | 101 | 48.4 | 56.6 | 65.0 | -13.7% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from India in 2022:
- United Arab Emirates (6.9K tons)
- Qatar (1.2K tons)
- Kuwait (0.6K tons)
- Maldives (0.3K tons)
- Saudi Arabia (0.1K tons)
- Oman (0.1K tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India
In 2022, after two years of decline, there was significant growth in overseas purchases of meat of sheep or goats; fresh, chilled or frozen, when their volume increased by 239% to 129 tons. Overall, imports, however, saw a abrupt contraction.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen soared to $1.4M in 2022. In general, imports, however, saw a abrupt decline.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,444 | 315 | 221 | 1,174 | -6.7% |
| Australia | 322 | 104 | 62.6 | 198 | -15.0% |
| Oman | 38.6 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 63.4 | 0.2 | 47.2 | N/A | -13.7% |
| Italy | 44.8 | N/A | N/A | N/A | 0% |
| Others | 28.8 | 41.7 | N/A | N/A | 44.8% |
| Total | 1,943 | 461 | 331 | 1,372 | -11.0% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to India in 2022:
- New Zealand (113.3 tons)
- Australia (16.1 tons)
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