Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $6,615 per ton in March 2022, dropping by -5.6% against the previous month. In general, import price indicated a modest expansion from March 2021 to March 2022: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for meat of sheep or goats; fresh, chilled or frozen increased by +10.3% against January 2022 indices. The growth pace was the most rapid in October 2021 an increase of 47% against the previous month. As a result, import price attained the peak level of $9,780 per ton. From November 2021 to March 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From March 2021 to March 2022, the rate of growth in terms of prices for Australia amounted to +1.2% per month.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $2,441 per ton, falling by -54.6% against the previous year. Overall, the export price, however, showed a pronounced increase. The growth pace was the most rapid in 2014 when the average export price increased by 226% against the previous year. The export price peaked at $9,062 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($35,000 per ton), while the average price for exports to Malaysia amounted to $978 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.5%).
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia
In 2022, overseas purchases of meat of sheep or goats; fresh, chilled or frozen increased by 212% to 3.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $22M in 2022. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 13.7 | 6.7 | 6.1 | 22.4 | 17.8% |
Singapore | 0.9 | 0.9 | 0.9 | N/A | 0.0% |
New Zealand | 0.4 | 0.4 | 0.4 | N/A | 0.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 15.1 | 8.0 | 7.4 | 22.4 | 14.0% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Indonesia in 2022:
- Australia (3.5K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia
In 2022, after two years of decline, there was significant growth in shipments abroad of meat of sheep or goats; fresh, chilled or frozen, when their volume increased by 221% to 93 kg. In general, exports, however, faced a abrupt downturn.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen soared to $227 in 2022. Over the period under review, exports, however, faced a sharp downturn.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Indonesia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | N/A | N/A | N/A | 140 | 0% |
Malaysia | N/A | N/A | N/A | 87.0 | 0% |
United Arab Emirates | 1,311 | 209 | 153 | N/A | -65.8% |
Singapore | 49.0 | 5.0 | 3.0 | N/A | -75.3% |
Others | N/A | 2.0 | N/A | N/A | 0% |
Total | 1,360 | 216 | 156 | 227 | -44.9% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Indonesia in 2022:
- Malaysia (89.0 kg)
- New Zealand (4.0 kg)
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