Sheep; Live Price in Portugal - 2023

Contents:

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

Sheep; Live Price in Portugal (FOB) - 2023

In August 2023, the average sheep; live export price amounted to $148 per unit, falling by -1.7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 17% against the previous month. The export price peaked at $188 per unit in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Israel ($155 per unit), while the average price for exports to Spain ($110 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep; Live Price in Portugal (CIF) - 2023

The average sheep; live import price stood at $136 per unit in August 2023, picking up by 26% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The import price peaked at $137 per unit in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +1.5% per month.

Sheep; Live Exports in Portugal

In 2022, shipments abroad of sheep; live decreased by -4.4% to 450K units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. As a result, the exports reached the peak of 486K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheep; live exports soared to $89M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Israel (373.5K units)
2. Palestine (62.1K units)
3. Spain (14.1K units)

Sheep; Live Imports in Portugal

Sheep; live imports into Portugal contracted remarkably to 198K units in 2022, reducing by -22.3% on 2021. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of 254K units, and then reduced notably in the following year.

In value terms, sheep; live imports shrank to $21M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of $25M, and then reduced in the following year.

Top Suppliers of Sheep; Live to Portugal in 2022:

1. Spain (197.4K units)

Source: IndexBox Market Intelligence Platform