Swine; Live Price in the UK - 2023

Contents:

1. Swine; Live Price in the UK (CIF) - 2022
2. Swine; Live Price in the UK (FOB) - 2023
3. Swine; Live Imports in the UK
4. Swine; Live Exports in the UK

Swine; Live Price in the UK (CIF) - 2022

The average swine; live import price stood at $175 per unit in 2022, waning by -3.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 28%. The import price peaked at $181 per unit in 2021, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($177 per unit), while the price for Denmark totaled $110 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+0.5%).

Swine; Live Price in the UK (FOB) - 2023

The average swine; live export price stood at $281 per unit in June 2023, picking up by 2.5% against the previous month. Overall, the export price saw a strong increase. The growth pace was the most rapid in November 2022 when the average export price increased by 5,607% month-to-month. As a result, the export price reached the peak level of $10,572 per unit. From December 2022 to June 2023, the the average export prices remained at a lower figure.

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

From September 2022 to June 2023, the rate of growth in terms of prices for Ireland amounted to +12.8% per month.

Swine; Live Imports in the UK

In 2022, supplies from abroad of swine; live decreased by -4.9% to 446K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 41%. As a result, imports attained the peak of 500K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, swine; live imports shrank to $78M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 48%. As a result, imports attained the peak of $90M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Swine; Live to the UK in 2022:

1. Ireland (424.8K units)
2. Denmark (20.6K units)

Swine; Live Exports in the UK

In 2022, the amount of swine; live exported from the UK surged to 36K units, with an increase of 1,931% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, swine; live exports fell sharply to $760K in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 335%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Swine; Live from the UK in 2022:

1. Ireland (35.9K units)

Source: IndexBox Market Intelligence Platform