Bovine Animals; Live Price in South Korea - 2022
Contents:
- Bovine Animals; Live Price in South Korea (CIF) - 2022
- Bovine Animals; Live Price in South Korea (FOB) - 2022
- Bovine Animals; Live Imports in South Korea
- Bovine Animals; Live Exports in South Korea
Bovine Animals; Live Price in South Korea (CIF) - 2022
The average bovine animals; live import price stood at $1,743 per unit in 2022, with a decrease of -11.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $2,357 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,746 per unit), while the price for Canada amounted to $1,739 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.9%).
Bovine Animals; Live Price in South Korea (FOB) - 2022
The average bovine animals; live export price stood at $1,886 per unit in December 2022, therefore, remained relatively stable against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 6.5% against the previous month. The export price peaked at $1,909 per unit in September 2022; afterwards, it flattened through to December 2022.
As there is only one major export destination, the average price level is determined by prices for Nepal.
From January 2022 to December 2022, the rate of growth in terms of prices for Nepal amounted to 0.0% per month.
Bovine Animals; Live Imports in South Korea
Bovine animals; live imports into South Korea declined to 237 units in 2022, which is down by -2.1% compared with 2021 figures. In general, imports recorded a precipitous contraction. Imports peaked at 515 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, bovine animals; live imports shrank to $413K in 2022. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 10%. Over the period under review, imports attained the peak figure at $851K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Bovine Animals; Live in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 241 | 182 | 254 | 213 | -4.0% |
| Canada | 610 | 250 | 221 | 200 | -31.0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 851 | 432 | 475 | 413 | -21.4% |
Top Suppliers of Bovine Animals; Live to South Korea in 2022:
- United States (122.0 units)
- Canada (115.0 units)
Bovine Animals; Live Exports in South Korea
In 2022, approx. 666 units of bovine animals; lives were exported from South Korea; increasing by 22,100% on the previous year. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bovine animals; live exports surged to $1.2M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bovine Animals; Live in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Nepal | N/A | N/A | 1.2 | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | N/A | N/A | 1.2 | 0% | |
Top Export Markets for Bovine Animals; Live from South Korea in 2022:
- Nepal (659.0 units)
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