Sheep; Live Price in Australia - 2023
Contents:
Sheep; Live Price in Australia (FOB) - 2023
In September 2023, the average sheep; live export price amounted to $62.5 per unit, which is down by -67% against the previous month. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 137% month-to-month. The export price peaked at $206 per unit in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Malaysia ($147 per unit), while the average price for exports to Kuwait ($57.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Sheep; Live Exports in Australia
Sheep; live exports from Australia declined to 525K units in 2022, reducing by -7.6% compared with the year before. Over the period under review, exports faced a dramatic downturn. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, sheep; live exports shrank remarkably to $57M in 2022. In general, exports saw a deep downturn. The smallest decline of -11.7% was in 2020. Over the period under review, the exports reached the maximum at $99M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Sheep; Live in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 34.4 | 37.6 | 38.3 | 28.0 | -6.6% |
| United Arab Emirates | 13.0 | 9.2 | 13.8 | 10.4 | -7.2% |
| Israel | 4.8 | 6.2 | 7.1 | 9.1 | 23.8% |
| Malaysia | 4.5 | 2.8 | 2.7 | 3.8 | -5.5% |
| Oman | 1.3 | 5.1 | 7.1 | 2.8 | 29.1% |
| Qatar | 21.7 | 15.2 | N/A | 2.4 | -52.0% |
| Jordan | 14.6 | 7.4 | 0.7 | N/A | -78.1% |
| Others | 5.1 | 4.2 | 2.3 | 0.5 | -53.9% |
| Total | 99.3 | 87.7 | 71.9 | 56.9 | -16.9% |
Top Export Markets for Sheep; Live from Australia in 2022:
- Kuwait (270.9K units)
- United Arab Emirates (95.3K units)
- Israel (90.2K units)
- Oman (27.0K units)
- Qatar (25.0K units)
- Malaysia (15.7K units)
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