Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (FOB) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (CIF) - 2023
In October 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $9,189 per ton, rising by 21% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in September 2023 an increase of 29% m-o-m. The import price peaked in October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Germany ($10,413 per ton) and New Zealand ($10,374 per ton), while the price for the Netherlands ($8,192 per ton) and Spain ($8,829 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (FOB) - 2023
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $7,830 per ton in October 2023, shrinking by -12.3% against the previous month. In general, the export price continues to indicate a mild setback. The growth pace was the most rapid in September 2023 when the average export price increased by 132% against the previous month. The export price peaked at $9,755 per ton in March 2023; however, from April 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Spain ($16,276 per ton), while the average price for exports to Italy ($4,171 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal
Imports of meat of sheep or goats; fresh, chilled or frozen into Portugal soared to 8.9K tons in 2022, rising by 21% on 2021. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 meat of sheep or goats; fresh, chilled or frozen skyrocketed to $70M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 16.5 | 16.3 | 21.0 | 27.3 | 18.3% |
| France | 11.4 | 13.1 | 14.9 | 17.1 | 14.5% |
| Greece | 4.4 | 4.2 | 8.2 | 8.2 | 23.1% |
| Netherlands | 4.8 | 2.0 | 4.5 | 7.5 | 16.0% |
| New Zealand | 3.9 | 4.2 | 1.9 | 4.5 | 4.9% |
| Italy | 0.2 | 0.6 | 0.9 | 1.9 | 111.8% |
| Argentina | 1.3 | 0.9 | 1.3 | 1.5 | 4.9% |
| United Kingdom | 5.2 | 4.8 | N/A | N/A | -7.7% |
| Others | 3.1 | 3.2 | 1.8 | 2.2 | -10.8% |
| Total | 50.7 | 49.5 | 54.5 | 70.2 | 11.5% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Portugal in 2022:
- Spain (3.8K tons)
- France (2.1K tons)
- Netherlands (0.9K tons)
- Greece (0.9K tons)
- New Zealand (0.5K tons)
- Italy (0.2K tons)
- Argentina (0.2K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal
In 2022, approx. 1.3K tons of meat of sheep or goats; fresh, chilled or frozen were exported from Portugal; jumping by 29% against the year before. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen surged to $7.1M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 532 | 1,614 | 459 | 1,847 | 51.4% |
| France | 2,203 | 1,654 | 1,749 | 1,533 | -11.4% |
| Italy | 239 | 72.8 | 320 | 1,195 | 71.0% |
| United Arab Emirates | N/A | N/A | 151 | 908 | 501.3% |
| Netherlands | 0.2 | 0.4 | 469 | 471 | 1230.4% |
| Romania | N/A | N/A | N/A | 185 | 0% |
| United Kingdom | 12.3 | 94.1 | 75.4 | 155 | 132.7% |
| Egypt | N/A | N/A | 952 | 83.5 | -91.2% |
| Qatar | N/A | 615 | 277 | N/A | -55.0% |
| Others | 730 | 846 | 1,302 | 690 | -1.9% |
| Total | 3,717 | 4,896 | 5,754 | 7,067 | 23.9% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Portugal in 2022:
- Spain (442.6 tons)
- Italy (282.2 tons)
- France (240.4 tons)
- United Arab Emirates (207.5 tons)
- Romania (42.0 tons)
- Netherlands (24.0 tons)
- United Kingdom (21.0 tons)
- Egypt (17.9 tons)
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