Price for Frozen Lamb Carcasses and Half-Carcasses in China - 2023
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in China (CIF) - 2023
- Imports of Frozen Lamb Carcasses and Half-Carcasses in China
Price for Frozen Lamb Carcasses and Half-Carcasses in China (CIF) - 2023
In June 2023, the average import price for frozen lamb carcasses and half-carcasseses amounted to $4,819 per ton, picking up by 3.2% against the previous month. Overall, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in May 2023 an increase of 8.9% month-to-month. The import price peaked at $6,103 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were New Zealand ($5,571 per ton) and Chile ($5,387 per ton), while the price for Uruguay ($4,727 per ton) and Australia ($4,758 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-1.3%), while the prices for the other major suppliers experienced a decline.
Imports of Frozen Lamb Carcasses and Half-Carcasses in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of frozen lamb carcasses and half-carcasseses, when their volume decreased by -73.8% to 8.7K tons. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 249%. As a result, imports reached the peak of 33K tons, and then reduced markedly in the following year.
In value terms, frozen lamb carcasses and half-carcasses imports contracted rapidly to $51M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 306%. As a result, imports reached the peak of $208M, and then shrank sharply in the following year.
| Import of Frozen Lamb Carcasses and Half-Carcasses in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 7.7 | 18.8 | 77.6 | 29.4 | 56.3% |
| New Zealand | 15.7 | 21.4 | 74.6 | 10.2 | -13.4% |
| Australia | 3.4 | 8.1 | 49.3 | 8.6 | 36.3% |
| Chile | 1.9 | 1.9 | 4.8 | 2.6 | 11.0% |
| Others | 0.2 | 0.9 | 1.6 | 0.6 | 44.2% |
| Total | 29.0 | 51.1 | 208 | 51.4 | 21.0% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to China in 2022:
- Uruguay (5.2K tons)
- New Zealand (1.7K tons)
- Australia (1.4K tons)
- Chile (0.4K tons)
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