Sheep; Live Price in South Korea - 2022

Contents:

1. Sheep; Live Price in South Korea (CIF) - 2022
2. Sheep; Live Imports in South Korea

Sheep; Live Price in South Korea (CIF) - 2022

The average sheep; live import price stood at $110 per unit in 2022, growing by 123% against the previous year. Overall, the import price saw slight growth. Over the period under review, average import prices attained the maximum at $123 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($207 per unit), while the price for the United States ($43 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-8.1%).

Sheep; Live Imports in South Korea

In 2022, the amount of sheep; live imported into South Korea fell dramatically to 591 units, shrinking by -43.6% compared with the previous year's figure. Over the period under review, imports recorded a significant decrease. The growth pace was the most rapid in 2021 with an increase of 6.5% against the previous year. Imports peaked at 1.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep; live imports soared to $65K in 2022. In general, imports recorded a abrupt contraction. Imports peaked at $102K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Sheep; Live to South Korea in 2022:

1. United States (347.0 units)
2. New Zealand (203.0 units)
3. France (20.0 units)

Source: IndexBox Market Intelligence Platform