Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore - 2022
Contents:
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (CIF) - 2022
- Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (FOB) - 2022
- Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore
- Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (CIF) - 2022
The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $19,397 per ton in September 2022, increasing by 4.6% against the previous month. Over the period under review, import price indicated a noticeable expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for fresh or chilled sheep (including lamb) boneless cutses decreased by -0.9% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 43% m-o-m. Over the period under review, average import prices attained the peak figure at $20,228 per ton in April 2022; however, from May 2022 to September 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Australia ($19,440 per ton), while the price for New Zealand amounted to $19,132 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.3%).
Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (FOB) - 2022
In 2022, the average export price for fresh or chilled sheep (including lamb) boneless cutses amounted to $11,751 per ton, falling by -36.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 201%. Over the period under review, the average export prices attained the peak figure at $18,582 per ton in 2021, and then contracted significantly in the following year.
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 Maldives ($24,940 per ton), while the average price for exports to Indonesia ($8,418 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore
In 2022, the amount of fresh or chilled sheep (including lamb) boneless cutses imported into Singapore shrank to 220 tons, with a decrease of -13.9% compared with the previous year's figure. In general, imports showed a deep contraction. The smallest decline of -10.3% was in 2020.
In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses shrank to $2.8M in 2022. Over the period under review, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 2.9%.
| Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.7 | 2.8 | 2.9 | 2.6 | -1.3% |
| New Zealand | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.3 | 3.2 | 3.2 | 2.8 | -5.3% |
Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Singapore in 2022:
- Australia (198.9 tons)
- New Zealand (17.8 tons)
Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore
After two years of decline, shipments abroad of fresh or chilled sheep (including lamb) boneless cutses increased by 60% to 1.7 tons in 2022. Overall, exports, however, showed a sharp slump.
In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses amounted to $20K in 2022. In general, exports, however, saw a precipitous slump.
| Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 40.6 | N/A | 5.5 | 12.2 | -33.0% |
| Indonesia | 0.4 | 24.0 | N/A | 5.1 | 133.6% |
| Maldives | 8.0 | 0.9 | 0.9 | 2.5 | -32.1% |
| Bhutan | N/A | N/A | N/A | 0.6 | 0% |
| Sri Lanka | 124 | N/A | N/A | N/A | 0% |
| Oman | 48.5 | 34.8 | 13.7 | N/A | -46.9% |
| Others | 1.6 | N/A | N/A | N/A | 0% |
| Total | 224 | 59.8 | 20.2 | 20.4 | -55.0% |
Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from Singapore in 2022:
- Cambodia (990.0 kg)
- Indonesia (610.0 kg)
- Maldives (100.0 kg)
- Bhutan (40.0 kg)
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