Bovine Animals; Live Price in Canada - 2023
Contents:
- Bovine Animals; Live Price in Canada (FOB) - 2023
- Bovine Animals; Live Price in Canada (CIF) - 2023
- Bovine Animals; Live Exports in Canada
- Bovine Animals; Live Imports in Canada
Bovine Animals; Live Price in Canada (FOB) - 2023
In September 2023, the average bovine animals; live export price amounted to $1,842 per unit, surging by 5.4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices hit record highs in September 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +1.3% per month.
Bovine Animals; Live Price in Canada (CIF) - 2023
The average bovine animals; live import price stood at $1,296 per unit in September 2023, with an increase of 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in July 2023 an increase of 37% month-to-month. The import price peaked in September 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +2.2% per month.
Bovine Animals; Live Exports in Canada
In 2022, after two years of decline, there was significant growth in overseas shipments of bovine animals; lives, when their volume increased by 16% to 787K units. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bovine animals; live exports soared to $1.2B in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bovine Animals; Live in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 977 | 894 | 880 | 1,159 | 5.9% |
| Others | 1.5 | 0.3 | 0.4 | 0.8 | -18.9% |
| Total | 979 | 894 | 880 | 1,160 | 5.8% |
Top Export Markets for Bovine Animals; Live from Canada in 2022:
- United States (786.6K units)
Bovine Animals; Live Imports in Canada
In 2022, after three years of growth, there was significant decline in purchases abroad of bovine animals; lives, when their volume decreased by -21% to 317K units. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of 402K units, and then plummeted in the following year.
In value terms, bovine animals; live imports reduced to $308M in 2022. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 81% against the previous year. As a result, imports attained the peak of $362M, and then shrank in the following year.
| Import of Bovine Animals; Live in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 201 | 200 | 362 | 308 | 15.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 201 | 200 | 362 | 308 | 15.3% |
Top Suppliers of Bovine Animals; Live to Canada in 2022:
- United States (317.0K units)
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