Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in China - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (FOB) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (CIF) - 2023
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $3,635 per ton in December 2023, therefore, remained relatively stable against the previous month. In general, the import price saw a perceptible setback. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 5% month-to-month. Over the period under review, average import prices hit record highs at $4,938 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($3,861 per ton), while the price for Australia ($3,390 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 Uruguay (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (FOB) - 2023
In December 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $10,235 per ton, shrinking by -4.5% against the previous month. Overall, the export price showed a slight decline. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices hit record highs at $12,118 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Cambodia ($16,477 per ton), while the average price for exports to Democratic People's Republic of Korea ($6,387 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into China declined to 358K tons, dropping by -12.8% on the year before. In general, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, imports attained the peak of 411K tons, and then dropped in the following year.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen dropped to $2.1B in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $2.4B, and then contracted in the following year.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,043 | 1,004 | 1,458 | 1,212 | 5.1% |
| Australia | 775 | 682 | 791 | 794 | 0.8% |
| Uruguay | 28.0 | 38.7 | 108 | 54.7 | 25.0% |
| Others | 15.9 | 18.8 | 20.4 | 15.5 | -0.8% |
| Total | 1,861 | 1,744 | 2,377 | 2,076 | 3.7% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to China in 2022:
- New Zealand (195.4K tons)
- Australia (149.4K tons)
- Uruguay (10.3K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China
In 2022, approx. 1.6K tons of meat of sheep or goats; fresh, chilled or frozen were exported from China; with a decrease of -19.2% against 2021 figures. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports attained the peak of 2K tons, and then contracted dramatically in the following year.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen fell markedly to $19M in 2022. In general, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $25M, and then plummeted in the following year.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 19.0 | 17.6 | 22.6 | 17.7 | -2.3% |
| Kuwait | 0.1 | 0.3 | 0.6 | 0.7 | 91.3% |
| United Arab Emirates | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Macao SAR | 1.3 | 1.3 | 0.7 | 0.3 | -38.7% |
| Others | 1.1 | 0.1 | 0.6 | 0.3 | -35.2% |
| Total | 21.5 | 19.4 | 24.9 | 19.3 | -3.5% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from China in 2022:
- Hong Kong SAR (1441.5 tons)
- Kuwait (87.9 tons)
- United Arab Emirates (30.0 tons)
- Macao SAR (25.1 tons)
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