Sheep; Live Price in Hong Kong SAR - 2022

Sheep; Live Price in Hong Kong SAR (CIF) - 2022

In 2022, the average sheep; live import price amounted to $38 per unit, with a decrease of -4% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live import price increased by +109.0% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of 17%. As a result, import price attained the peak level of $40 per unit, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +7.7% per year.

Sheep; Live Imports in Hong Kong SAR

After three years of growth, purchases abroad of sheep; live decreased by -31.1% to 564 units in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 166%. As a result, imports attained the peak of 819 units, and then shrank sharply in the following year.

In value terms, sheep; live imports dropped notably to $21K in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 211% against the previous year. As a result, imports attained the peak of $32K, and then contracted dramatically in the following year.