Bovine Animals; Live Price in Portugal - 2023
Contents:
- Bovine Animals; Live Price in Portugal (FOB) - 2023
- Bovine Animals; Live Price in Portugal (CIF) - 2023
- Bovine Animals; Live Exports in Portugal
- Bovine Animals; Live Imports in Portugal
Bovine Animals; Live Price in Portugal (FOB) - 2023
In August 2023, the average bovine animals; live export price amounted to $1,100 per unit, falling by -1.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 8.8% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,272 per unit in June 2023; afterwards, it flattened through to August 2023.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Israel ($1,180 per unit), while the average price for exports to Spain amounted to $796 per unit.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.7%).
Bovine Animals; Live Price in Portugal (CIF) - 2023
The average bovine animals; live import price stood at $1,174 per unit in August 2023, dropping by -33.5% against the previous month. In general, the import price, however, posted a modest increase. The most prominent rate of growth was recorded in December 2022 an increase of 134% against the previous month. As a result, import price reached the peak level of $2,648 per unit; afterwards, it flattened through to August 2023.
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 Ireland amounted to +2.0% per month.
Bovine Animals; Live Exports in Portugal
For the fourth year in a row, Portugal recorded growth in overseas shipments of bovine animals; lives, which increased by 15% to 160K units in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, bovine animals; live exports soared to $179M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 33%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Bovine Animals; Live in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 72.5 | 110 | 140 | 160 | 30.2% |
| Spain | 18.1 | 18.3 | 14.4 | 18.3 | 0.4% |
| Others | 6.0 | 0.7 | 0.5 | 0.2 | -67.8% |
| Total | 96.6 | 129 | 155 | 179 | 22.8% |
Top Export Markets for Bovine Animals; Live from Portugal in 2022:
- Israel (143.0K units)
- Spain (16.4K units)
Bovine Animals; Live Imports in Portugal
In 2022, bovine animals; live imports into Portugal rose notably to 2.8K units, with an increase of 9.5% against the year before. Overall, imports recorded a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. As a result, imports reached the peak of 5.4K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, bovine animals; live imports surged to $5.4M in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 119% against the previous year. As a result, imports attained the peak of $8.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Bovine Animals; Live in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.4 | 7.3 | 3.5 | 4.9 | 51.8% |
| Netherlands | 0.3 | 0.3 | 0.1 | 0.4 | 10.1% |
| Germany | 0.1 | 0.4 | N/A | 0.1 | 0.0% |
| Ireland | N/A | N/A | 0.3 | 0.1 | -66.7% |
| France | 2.0 | 0.4 | 0.1 | N/A | -77.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 8.4 | 4.0 | 5.4 | 11.5% |
Top Suppliers of Bovine Animals; Live to Portugal in 2022:
- Spain (2557.0 units)
- Netherlands (164.0 units)
- Ireland (80.0 units)
- Germany (34.0 units)
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