Goats; Live Price in Saudi Arabia - 2021
Contents:
- Goats; Live Price in Saudi Arabia (CIF) - 2022
- Goats; Live Price in Saudi Arabia (FOB) - 2022
- Goats; Live Imports in Saudi Arabia
- Goats; Live Exports in Saudi Arabia
Goats; Live Price in Saudi Arabia (CIF) - 2022
In 2021, the average goats; live import price amounted to $69 per unit, rising by 45% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48%. The import price peaked at $91 per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($119 per unit), while the price for Djibouti ($59 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Goats; Live Price in Saudi Arabia (FOB) - 2022
The average goats; live export price stood at $95 per unit in 2022, rising by 1.9% against the previous year. Overall, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56%. Over the period under review, the average export prices reached the maximum at $158 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($746 per unit), while the average price for exports to Qatar ($60 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+128.0%), while the prices for the other major destinations experienced more modest paces of growth.
Goats; Live Imports in Saudi Arabia
In 2021, the amount of goats; lives imported into Saudi Arabia skyrocketed to 401K units, rising by 25% compared with the previous year's figure. Over the period under review, imports, however, faced a precipitous decrease. Over the period under review, imports attained the peak figure at 1.1M units in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, goats; live imports soared to $28M in 2021. In general, imports, however, continue to indicate a sharp contraction. Imports peaked at $68M in 2019; however, from 2020 to 2021, imports failed to regain momentum.
| Import of Goats; Live in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Somalia | 39.4 | 9.5 | 16.1 | -36.1% | |
| Djibouti | 13.4 | 4.6 | 7.5 | -25.2% | |
| Oman | N/A | N/A | 2.3 | 0% | |
| United Arab Emirates | N/A | N/A | 0.9 | 0% | |
| Sudan | 14.7 | 0.3 | 0.5 | -81.6% | |
| Others | 0.8 | 0.9 | 0.5 | -20.9% | |
| Total | 68.3 | 15.3 | 27.7 | -36.3% | |
Top Suppliers of Goats; Live to Saudi Arabia in 2022:
- Somalia (233.2K units)
- Djibouti (126.3K units)
- Oman (22.8K units)
- United Arab Emirates (7.2K units)
- Sudan (5.8K units)
Goats; Live Exports in Saudi Arabia
In 2022, approx. 8.3K units of goats; lives were exported from Saudi Arabia; with a decrease of -46.8% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,466%. As a result, the exports reached the peak of 16K units, and then contracted sharply in the following year.
In value terms, goats; live exports reduced rapidly to $788K in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,089% against the previous year. As a result, the exports reached the peak of $1.5M, and then dropped significantly in the following year.
| Export of Goats; Live in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | N/A | N/A | 7.5 | 475 | 6233.3% |
| Jordan | N/A | N/A | N/A | 160 | 0% |
| United Arab Emirates | 2.7 | 13.8 | 85.4 | 42.1 | 149.8% |
| Bahrain | 102 | 12.0 | 0.2 | 2.7 | -70.2% |
| Kuwait | 77.3 | 1,546 | 1,361 | N/A | 319.6% |
| Others | 48.9 | -1,449.4 | N/A | 109 | 30.6% |
| Total | 231 | 122 | 1,454 | 788 | 50.5% |
Top Export Markets for Goats; Live from Saudi Arabia in 2022:
- Bahrain (undefinedK units)
- Qatar (7.8K units)
- United Arab Emirates (0.2K units)
- Jordan (0.2K units)
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