Price for Sheep and Goats; Live in the United States - 2023

Contents:

1. Price for Sheep and Goats; Live in the United States (FOB) - 2022
2. Price for Sheep and Goats; Live in the United States (CIF) - 2022
3. Exports of Sheep and Goats; Live in the United States
4. Imports of Sheep and Goats; Live in the United States

Price for Sheep and Goats; Live in the United States (FOB) - 2022

The average sheep and goats; live export price stood at $87 per unit in 2022, rising by 13% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goats; live export price increased by +48.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The export price peaked at $96 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($160 per unit), while the average price for exports to Marshall Islands ($49 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sheep and Goats; Live in the United States (CIF) - 2022

In 2022, the average sheep and goats; live import price amounted to $65 per unit, increasing by 2.5% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. The import price peaked at $101 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -4.1% per year.

Exports of Sheep and Goats; Live in the United States

For the third consecutive year, the United States recorded decline in overseas shipments of sheep and goats; live, which decreased by -16.4% to 42K units in 2022. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -4% was in 2021. Over the period under review, the exports hit record highs at 61K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep and goats; live exports shrank to $3.6M in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked at $4.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Sheep and Goats; Live from the United States in 2022:

1. Canada (31.8K units)
2. Venezuela (3.1K units)
3. Marshall Islands (1.1K units)
4. Thailand (0.9K units)
5. Dominican Republic (0.8K units)
6. Mexico (0.7K units)
7. Kuwait (0.6K units)

Imports of Sheep and Goats; Live in the United States

In 2022, imports of sheep and goats; live into the United States skyrocketed to 29K units, picking up by 28% on 2021 figures. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 129% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sheep and goats; live imports soared to $1.9M in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 127%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sheep and Goats; Live to the United States in 2022:

1. Canada (29.4K units)

Source: IndexBox Market Intelligence Platform