Goats; Live Price in Thailand - 2023

Contents:

1. Goats; Live Price in Thailand (CIF) - 2022
2. Goats; Live Price in Thailand (FOB) - 2023
3. Goats; Live Imports in Thailand
4. Goats; Live Exports in Thailand

Goats; Live Price in Thailand (CIF) - 2022

In 2022, the average goats; live import price amounted to $23 per unit, dropping by -60.9% against the previous year. In general, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 471%. Over the period under review, average import prices reached the peak figure at $133 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,452 per unit), while the price for Myanmar totaled $14 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+74.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Goats; Live Price in Thailand (FOB) - 2023

The average goats; live export price stood at $52.5 per unit in September 2023, surging by 2.8% against the previous month. In general, the export price, however, saw a pronounced decline. The pace of growth was the most pronounced in June 2023 when the average export price increased by 18% against the previous month. The export price peaked at $80.7 per unit in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From September 2022 to September 2023, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to -2.9% per month.

Goats; Live Imports in Thailand

In 2022, approx. 206K units of goats; lives were imported into Thailand; growing by 280% against 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, goats; live imports soared to $4.8M in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 151% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Goats; Live to Thailand in 2022:

1. Myanmar (203.4K units)
2. South Africa (1.1K units)

Goats; Live Exports in Thailand

In 2022, the amount of goats; lives exported from Thailand expanded remarkably to 34K units, with an increase of 9.3% against 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 334% against the previous year. As a result, the exports attained the peak of 38K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, goats; live exports dropped to $1.8M in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 323% against the previous year. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Goats; Live from Thailand in 2022:

1. Lao People's Democratic Republic (28.8K units)
2. Cambodia (4.3K units)
3. Vietnam (1.3K units)

Source: IndexBox Market Intelligence Platform