HS Code:
The category 'Carcasses and half-carcasses of lamb, fresh or chilled' falls under HS Code 020410. This category includes whole or half carcasses of lamb that are fresh or chilled, primarily used for meat consumption. These products are a significant part of the global meat trade, often sourced from countries with strong sheep farming industries and exported to regions with high demand for lamb meat, such as the Middle East, Europe, and North America. The trade of this category is influenced by factors like seasonal production, consumer preferences for fresh meat, and stringent sanitary and phytosanitary regulations.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$350 million USD
29.2% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
$80 million USD
6.7% of total trade of total trade
Stable
$60 million USD
5.0% of total trade of total trade
Increasing
Average Rate
12.5% ad valorem
Highest Rate
35% (applied by certain Middle Eastern countries)
Lowest Rate
0% (under free trade agreements like EU-UK Trade Agreement)
Rising demand in Middle Eastern markets
Increased exports from Australia and New Zealand due to cultural and religious preferences for lamb, especially during festivals like Eid al-Adha.
2021-2022
Shift towards sustainable and organic lamb production
Growing consumer preference in Europe and North America for ethically sourced and environmentally friendly meat products, influencing export strategies of major producers.
2020-2022
Impact of climate change on sheep farming
Droughts and extreme weather in key producing countries like Australia have led to supply constraints, affecting global trade volumes and prices.
2019-2022
Australia signed a new trade agreement with several Middle Eastern countries to reduce tariffs on lamb exports, boosting market access for fresh and chilled carcasses.
March 2023
Expected to increase Australian lamb exports by 10-15% over the next five years.
The European Union introduced stricter traceability and labeling requirements for imported lamb products to ensure food safety and consumer transparency.
January 2023
Non-EU exporters like New Zealand and Australia may face higher compliance costs, potentially affecting trade volumes to the EU.
Severe drought conditions in New Zealand reduced sheep livestock numbers, leading to a temporary decline in exportable lamb carcasses.
February 2022
Global supply tightened, driving up prices and benefiting competitors like Australia and Ireland in the short term.