Sheep; Live Price in China - 2023

Contents:

1. Sheep; Live Price in China (CIF) - 2023
2. Sheep; Live Price in China (FOB) - 2022
3. Sheep; Live Imports in China
4. Sheep; Live Exports in China

Sheep; Live Price in China (CIF) - 2023

The average sheep; live import price stood at $83.6 per unit in September 2023, approximately mirroring the previous month. Overall, the import price, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in June 2023 an increase of 33% month-to-month. As a result, import price reached the peak level of $2,545 per unit. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.

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

From October 2022 to September 2023, the rate of growth in terms of prices for Mongolia amounted to -0.1% per month.

Sheep; Live Price in China (FOB) - 2022

In 2022, the average sheep; live export price amounted to $105 per unit, waning by -15.1% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the maximum at $143 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +3.4% per year.

Sheep; Live Imports in China

For the fourth consecutive year, China recorded growth in supplies from abroad of sheep; live, which increased by 16% to 47K units in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 113%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sheep; live imports contracted to $3.9M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 92%. Over the period under review, imports hit record highs at $4.5M in 2021, and then declined in the following year.

Top Suppliers of Sheep; Live to China in 2022:

1. New Zealand (undefinedK units)
2. Mongolia (36.6K units)
3. Australia (10.6K units)

Sheep; Live Exports in China

In 2022, after two years of decline, there was significant growth in overseas shipments of sheep; live, when their volume increased by 91% to 122 units. Over the period under review, exports, however, recorded a sharp descent. Over the period under review, the exports attained the maximum at 2.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep; live exports surged to $13K in 2022. Overall, exports, however, continue to indicate a precipitous decrease. Over the period under review, the exports attained the maximum at $162K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Sheep; Live from China in 2022:

1. Uzbekistan (122.0 units)

Source: IndexBox Market Intelligence Platform