Goats; Live Price in Singapore - 2022
Contents:
- Goats; Live Price in Singapore (CIF) - 2022
- Goats; Live Price in Singapore (FOB) - 2022
- Goats; Live Imports in Singapore
- Goats; Live Exports in Singapore
Goats; Live Price in Singapore (CIF) - 2022
The average goats; live import price stood at $1,210 per unit in 2022, increasing by 18% against the previous year. In general, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2014 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 Australia ($1,995 per unit), while the price for South Africa ($892 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Goats; Live Price in Singapore (FOB) - 2022
The average goats; live export price stood at $268 per unit in 2022, increasing by 34% against the previous year. Overall, the export price posted resilient growth. As a result, the export price attained 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 Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +1.4% per year.
Goats; Live Imports in Singapore
For the third year in a row, Singapore recorded decline in purchases abroad of goats; lives, which decreased by -18.5% to 1.2K units in 2022. Over the period under review, imports continue to indicate a abrupt descent. Over the period under review, imports hit record highs at 2.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, goats; live imports shrank slightly to $1.5M in 2022. Overall, imports showed a noticeable slump. The smallest decline of -3.6% was in 2020. Over the period under review, imports reached the peak figure at $1.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Goats; Live in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,230 | 1,196 | 1,162 | 1,128 | -2.8% |
| South Africa | 337 | 323 | 308 | 294 | -4.4% |
| Australia | 54.3 | 44.5 | 36.5 | 29.9 | -18.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,622 | 1,563 | 1,507 | 1,452 | -3.6% |
Top Suppliers of Goats; Live to Singapore in 2022:
- New Zealand (855.0 units)
- South Africa (330.0 units)
- Australia (15.0 units)
Goats; Live Exports in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of goats; lives, which increased by 55% to 548 units in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, goats; live exports soared to $147K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Goats; Live in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 33.7 | 48.7 | 70.3 | 85.1 | 36.2% |
| Others | N/A | N/A | N/A | 61.7 | 0% |
| Total | 33.7 | 48.7 | 70.3 | 147 | 63.4% |
Top Export Markets for Goats; Live from Singapore in 2022:
- Malaysia (548.0 units)
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