Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Qatar - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Qatar (CIF) - 2023
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Qatar
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Qatar (CIF) - 2023
In October 2023, the average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) amounted to $5,186 per ton, surging by 31% against the previous month. Over the period under review, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 72% against the previous month. The import price peaked at $9,397 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($30,019 per ton), while the price for Spain ($3,240 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Qatar
In 2022, the amount of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) imported into Qatar surged to 4K tons, rising by 22% compared with 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Imports peaked in 2022 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) skyrocketed to $25M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports of hit record highs in 2022 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 Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.5 | 2.5 | 7.5 | 11.5 | 27.9% |
| Spain | 2.1 | 6.3 | 8.1 | 8.0 | 56.2% |
| Italy | 0.1 | 0.5 | 0.7 | 2.6 | 196.2% |
| Argentina | 0.4 | 0.6 | 1.0 | 1.7 | 62.0% |
| Turkey | N/A | N/A | N/A | 0.4 | 0% |
| Uruguay | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.5 | 0.5 | 0.2 | 0.7 | 11.9% |
| Total | 8.7 | 10.5 | 17.5 | 25.2 | 42.5% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Qatar in 2022:
- Spain (1604.8 tons)
- Australia (1233.5 tons)
- Italy (522.1 tons)
- Argentina (399.5 tons)
- Turkey (80.1 tons)
- Uruguay (70.8 tons)
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