Swine; Live Price in Portugal - 2023

Swine; Live Price in Portugal (CIF) - 2023

The average swine; live import price stood at $155 per unit in August 2023, leveling off at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in March 2023 an increase of 9.4% against the previous month. The import price peaked at $161 per unit in June 2023; however, from July 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 +2.5% per month.

Swine; Live Price in Portugal (FOB) - 2023

In August 2023, the average swine; live export price amounted to $172 per unit, dropping by -6.1% against the previous month. In general, export price indicated a measured expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, swine; live export price decreased by -10.4% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $192 per unit. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Spain ($175 per unit), while the average price for exports to Germany stood at $135 per unit.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%).

Swine; Live Imports in Portugal

In 2022, after two years of decline, there was significant growth in overseas purchases of swine; live, when their volume increased by 6.3% to 1.1M units. Over the period under review, imports, however, continue to indicate a mild contraction. Imports peaked at 1.1M units in 2019; afterwards, it flattened through to 2022.

In value terms, swine; live imports surged to $159M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Swine; Live in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	156	145	119	156	0.0%
Belgium	0.4	0.8	5.9	2.6	86.6%
Netherlands	0.3	1.1	1.0	0.5	18.6%
Others	0.2	0.1	0.3	N/A	22.5%
Total	157	147	127	159	0.4%

Top Suppliers of Swine; Live to Portugal in 2022:

Spain (1005.4K units)
Belgium (32.0K units)
Netherlands (17.6K units)

Swine; Live Exports in Portugal

In 2022, shipments abroad of swine; live decreased by -15.3% to 439K units, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 93%. As a result, the exports reached the peak of 550K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, swine; live exports shrank to $67M in 2022. The total export value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports attained the peak of $74M. From 2021 to 2022, the growth of the exports remained at a lower figure.