Bovine Animals; Live Price in Saudi Arabia - 2021
Contents:
- Bovine Animals; Live Price in Saudi Arabia (CIF) - 2022
- Bovine Animals; Live Price in Saudi Arabia (FOB) - 2022
- Bovine Animals; Live Imports in Saudi Arabia
- Bovine Animals; Live Exports in Saudi Arabia
Bovine Animals; Live Price in Saudi Arabia (CIF) - 2022
The average bovine animals; live import price stood at $1,012 per unit in 2022, dropping by -13.4% against the previous year. In general, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 29%. As a result, import price reached the peak level of $1,169 per unit, and then fell in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,021 per unit), while the price for the United Arab Emirates totaled $789 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+60.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Price in Saudi Arabia (FOB) - 2022
The average bovine animals; live export price stood at $1,678 per unit in 2022, stabilizing at the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live export price decreased by +0.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,799 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($1,679 per unit), while the average price for exports to the United Arab Emirates stood at $1,639 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.
Bovine Animals; Live Imports in Saudi Arabia
In 2022, the amount of bovine animals; lives imported into Saudi Arabia surged to 70K units, with an increase of 25% against 2021 figures. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 611% against the previous year. As a result, imports reached the peak of 84K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, bovine animals; live imports expanded significantly to $71M in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 561% against the previous year. As a result, imports attained the peak of $76M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Bovine Animals; Live in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.1 | 38.5 | 44.3 | 68.7 | 83.6% |
| United Arab Emirates | N/A | 0.8 | N/A | 2.2 | 65.8% |
| Spain | N/A | 11.8 | 11.0 | N/A | -6.8% |
| Romania | N/A | 20.1 | 8.4 | N/A | -58.2% |
| Ukraine | N/A | 5.2 | 1.4 | N/A | -73.1% |
| Others | 0.4 | N/A | 0.1 | N/A | -50.0% |
| Total | 11.6 | 76.3 | 65.3 | 70.8 | 82.8% |
Top Suppliers of Bovine Animals; Live to Saudi Arabia in 2022:
- Brazil (67.3K units)
- United Arab Emirates (2.7K units)
Bovine Animals; Live Exports in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas shipments of bovine animals; lives, when their volume decreased by -41.7% to 2.1K units. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 507% against the previous year. As a result, the exports attained the peak of 3.6K units, and then fell rapidly in the following year.
In value terms, bovine animals; live exports declined significantly to $3.5M in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 507% against the previous year. As a result, the exports reached the peak of $6.1M, and then shrank markedly in the following year.
| Export of Bovine Animals; Live in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 0.6 | 1.0 | 6.1 | 3.4 | 78.3% |
| United Arab Emirates | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.7 | 1.0 | 6.1 | 3.5 | 71.0% |
Top Export Markets for Bovine Animals; Live from Saudi Arabia in 2022:
- Kuwait (2.0K units)
- United Arab Emirates (0.1K units)
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