Bovine Animals; Live Price in New Zealand - 2023
Contents:
Bovine Animals; Live Price in New Zealand (FOB) - 2023
The average bovine animals; live export price stood at $1,450 per unit in April 2023, remaining stable against the previous month. Overall, the export price recorded a mild setback. The growth pace was the most rapid in August 2022 when the average export price increased by 47% m-o-m. The export price peaked at $2,805 per unit in June 2022; afterwards, it flattened through to April 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From April 2022 to April 2023, the rate of growth in terms of prices for China amounted to -1.5% per month.
Bovine Animals; Live Exports in New Zealand
For the fourth year in a row, New Zealand recorded growth in shipments abroad of bovine animals; lives, which increased by 57% to 199K units in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 166% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, bovine animals; live exports skyrocketed to $333M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 202%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
Export of Bovine Animals; Live in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 51.0 | 155 | 221 | 333 | 86.9% |
Others | 0.2 | N/A | N/A | N/A | 0% |
Total | 51.2 | 155 | 221 | 333 | 86.7% |
Top Export Markets for Bovine Animals; Live from New Zealand in 2022:
- China (198.6K units)
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