Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait - 2022

Contents:

  1. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait (CIF) - 2022
  2. Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait (CIF) - 2022

In 2022, the average import price for fresh or chilled sheep (including lamb) boneless cutses amounted to $14,393 per ton, picking up by 82% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $17,753 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($14,393 per ton), while the price for Kyrgyzstan ($14,392 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait

Imports of fresh or chilled sheep (including lamb) boneless cutses into Kuwait contracted notably to 43 tons in 2022, which is down by -50.8% on the previous year's figure. Over the period under review, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 201%.

In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses dropped to $620K in 2022. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year.

Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand32119224150816.5%
Australia20131.610589.7-23.6%
KyrgyzstanN/AN/AN/A11.10%
SpainN/AN/A228N/A0%
Ireland94.70.3N/AN/A-99.7%
India21.513.215.7N/A-14.5%
South Africa1,115N/AN/AN/A0%
Pakistan13270.559.1N/A-33.1%
Others7.68.443.611.213.8%
Total1,892316693620-31.1%

Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Kuwait in 2022:

  1. New Zealand (35.3 tons)
  2. Australia (6.2 tons)
  3. Kyrgyzstan (0.8 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Fresh or chilled sheep (including lamb) boneless cuts - Kuwait