Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan - 2023

Contents:

  1. Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (FOB) - 2022
  2. Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (CIF) - 2022
  3. Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan
  4. Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan

Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (FOB) - 2022

In 2022, the average export price for fresh or chilled lamb carcasses and half-carcasseses amounted to $36,464 per ton, picking up by 423% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2016 to 2022, the rate of growth in terms of prices for Qatar amounted to +20.9% per year.

Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (CIF) - 2022

The average import price for fresh or chilled lamb carcasses and half-carcasseses stood at $4,707 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 93% against the previous year. Over the period under review, average import prices reached the peak figure at $17,646 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Turkey ($5,103 per ton), while the price for Saudi Arabia totaled $2,299 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-14.9%).

Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan

For the third year in a row, Azerbaijan recorded decline in overseas shipments of fresh or chilled lamb carcasses and half-carcasseses, which decreased by -95.7% to 209 kg in 2022. In general, exports continue to indicate a dramatic decline. The smallest decline of -16.8% was in 2021.

In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses fell dramatically to $7.6K in 2022. Overall, exports saw a significant contraction. The smallest decline of -10.8% was in 2021.

Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar1.510.98.67.671.8%
Iran88.9N/AN/AN/A0%
United Arab Emirates2.926.724.9N/A193.0%
OthersN/AN/AN/AN/A0%
Total93.337.633.67.6-56.7%

Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from Azerbaijan in 2022:

  1. Qatar (209.0 kg)

Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan

In 2022, the amount of fresh or chilled lamb carcasses and half-carcasseses imported into Azerbaijan amounted to 3.2 tons, approximately equating the previous year's figure. In general, imports showed a abrupt descent. The smallest decline of 99.9% was in 2021.

In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses stood at $15K in 2022. Over the period under review, imports recorded a sharp decrease. The smallest decline of 99.9% was in 2021.

Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Azerbaijan (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
TurkeyN/AN/A12.50%
Saudi Arabia13.0N/A1.6-64.9%
Kazakhstan12.9N/AN/A0%
Others3.9N/A0.7-57.6%
Total29.8N/A14.9-29.3%

Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to Azerbaijan in 2022:

  1. Turkey (2.5 tons)
  2. Saudi Arabia (0.7 tons)

Source: IndexBox Market Intelligence Platform

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