Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (CIF) - 2023
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (CIF) - 2023
In December 2023, the average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $5,833 per ton, stabilizing at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 17% against the previous month. As a result, import price reached the peak level of $8,662 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($6,203 per ton), while the price for Ireland ($4,020 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (FOB) - 2022
In 2022, the average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $5,147 per ton, picking up by 4.7% against the previous year. In general, the export price recorded a modest expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $16,956 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saint Pierre and Miquelon ($5,161 per ton), while the average price for exports to France totaled $5,145 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada
After two years of decline, purchases abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by 34% to 13K tons in 2022. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) soared to $98M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 43.4 | 38.0 | 41.8 | 57.7 | 10.0% |
| Australia | 17.6 | 15.4 | 17.3 | 29.4 | 18.7% |
| Ireland | 3.7 | 5.7 | 5.5 | 6.8 | 22.5% |
| United Kingdom | 0.7 | 1.3 | 2.0 | 4.2 | 81.7% |
| Others | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Total | 65.6 | 60.5 | 66.9 | 98.4 | 14.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Canada in 2022:
- New Zealand (6.8K tons)
- Australia (3.9K tons)
- Ireland (1.1K tons)
- United Kingdom (0.7K tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada
After three years of growth, overseas shipments of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -98.1% to 919 kg in 2022. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,170% against the previous year. As a result, the exports attained the peak of 47 tons, and then shrank dramatically in the following year.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) fell notably to $4.7K in 2022. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 1,149% against the previous year. As a result, the exports reached the peak of $233K, and then fell remarkably in the following year.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.5 | 18.7 | 10.7 | 4.1 | -32.8% |
| Saint Pierre and Miquelon | N/A | N/A | 0.9 | 0.6 | -33.3% |
| Bahamas | N/A | N/A | 144 | N/A | 0% |
| United States | N/A | N/A | 76.9 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.5 | 18.7 | 233 | 4.7 | -29.7% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from Canada in 2022:
- France (795.0 kg)
- Saint Pierre and Miquelon (124.0 kg)
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