Price for Frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) in the United Arab Emirates - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (CIF) - 2022
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (FOB) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates
- Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (CIF) - 2022
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $4,747 per ton in 2022, waning by -9.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $5,236 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($7,737 per ton), while the price for India ($2,556 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (FOB) - 2022
The average export price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $2,895 per ton in 2022, dropping by -44.5% against the previous year. Overall, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $5,216 per ton, and then fell rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($21,915 per ton), while the average price for exports to Australia ($916 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 Maldives (+7.2%), 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 the United Arab Emirates
In 2022, purchases abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -4.6% to 5.9K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 34%. As a result, imports reached the peak of 7.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) shrank to $28M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports reached the peak of $35M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 20.0 | 24.3 | 20.1 | 21.7 | 2.8% |
| Spain | 1.3 | 3.7 | 4.4 | 2.5 | 24.4% |
| India | 1.6 | 0.8 | 1.2 | 1.0 | -14.5% |
| Uruguay | 0.1 | 0.3 | N/A | 0.7 | 91.3% |
| Italy | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| New Zealand | 1.3 | 1.0 | 1.2 | 0.6 | -22.7% |
| Others | 1.8 | 4.3 | 5.6 | 1.1 | -15.1% |
| Total | 26.0 | 34.7 | 32.6 | 28.2 | 2.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to the United Arab Emirates in 2022:
- Australia (4413.5 tons)
- Spain (605.2 tons)
- India (386.6 tons)
- Italy (116.3 tons)
- Uruguay (106.1 tons)
- New Zealand (76.7 tons)
Exports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates
In 2022, shipments abroad of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) decreased by -48.1% to 586 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 12%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) dropped dramatically to $1.7M in 2022. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 29%.
| Export of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 0.5 | 0% |
| Oman | 2.2 | 5.0 | 4.6 | 0.4 | -43.3% |
| Iraq | N/A | N/A | N/A | 0.4 | 0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Iran | 0.8 | N/A | N/A | N/A | 0% |
| Maldives | 0.8 | N/A | 1.3 | N/A | 27.5% |
| Others | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Total | 3.9 | 5.1 | 5.9 | 1.7 | -24.2% |
Top Export Markets for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) from the United Arab Emirates in 2022:
- Iraq (265.1 tons)
- Kuwait (95.6 tons)
- Australia (72.8 tons)
- Oman (66.4 tons)
- Turkey (47.5 tons)
- Portugal (23.0 tons)
- Maldives (0.4 tons)
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