Sheep; Live Price in the United States - 2023

Contents:

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

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

The average sheep; live export price stood at $78 per unit in 2022, surging by 21% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $98 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($85 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 Canada (+1.2%), while the prices for the other major destinations experienced a decline.

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

The average sheep; live import price stood at $64 per unit in 2022, stabilizing at the previous year. Overall, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. The import price peaked at $110 per unit in 2014; however, from 2015 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 -4.8% per year.

Sheep; Live Exports in the United States

In 2022, shipments abroad of sheep; live decreased by -17.6% to 39K units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 114%. As a result, the exports reached the peak of 49K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheep; live exports contracted modestly to $3.1M in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Over the period under review, the exports hit record highs at $3.1M in 2021, and then declined in the following year.

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

1. Canada (31.8K units)
2. Venezuela (3.0K units)
3. Dominican Republic (1.4K units)
4. Marshall Islands (1.1K units)
5. Japan (0.6K units)

Sheep; Live Imports in the United States

In 2022, the amount of sheep; live imported into the United States soared to 29K units, with an increase of 28% against 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 128%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sheep; live imports soared to $1.9M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Canada (29.4K units)

Source: IndexBox Market Intelligence Platform