Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States - 2023
Contents:
- Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2022
- Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2022
- Exports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States
- Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States
Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2022
The average export price for bovine animals; live, other than pure-bred breeding animalses stood at $1,499 per unit in 2022, falling by -7% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for bovine animals; live, other than pure-bred breeding animalses increased by +62.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 44%. The export price peaked at $1,612 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,687 per unit), while the average price for exports to Mexico amounted to $1,490 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.5%).
Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2022
In 2022, the average import price for bovine animals; live, other than pure-bred breeding animalses amounted to $400 per unit, declining by -39.5% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18% against the previous year. The import price peaked at $1,792 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2013 to 2022, the rate of growth in terms of prices for Canada amounted to -15.3% per year.
Exports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States
In 2022, shipments abroad of bovine animals; live, other than pure-bred breeding animalses was finally on the rise to reach 1.5K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep slump. The exports peaked at 2.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of bovine animals; live, other than pure-bred breeding animalses skyrocketed to $2.3M in 2022. In general, exports posted a moderate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 70.0 | 681 | 827 | 2,132 | 212.3% |
| Canada | 1,881 | 317 | 147 | 138 | -58.1% |
| Others | 194 | 127 | 57.5 | 34.2 | -43.9% |
| Total | 2,145 | 1,125 | 1,032 | 2,305 | 2.4% |
Top Export Markets for Bovine Animals; Live, Other than Pure-Bred Breeding Animals from the United States in 2022:
- Mexico (1431.0 units)
- Canada (82.0 units)
Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States
In 2022, imports of bovine animals; live, other than pure-bred breeding animalses into the United States dropped sharply to 421 units, reducing by -61.3% against 2021. Overall, imports showed a precipitous shrinkage. The smallest decline of -2.2% was in 2020. Imports peaked at 1.7K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of bovine animals; live, other than pure-bred breeding animalses fell sharply to $169K in 2022. In general, imports recorded a precipitous contraction. The smallest decline of -7.6% was in 2020. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.7 | 1.5 | 0.7 | 0.2 | -51.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.5 | 0.7 | 0.2 | -51.0% |
Top Suppliers of Bovine Animals; Live, Other than Pure-Bred Breeding Animals to the United States in 2022:
- Canada (421.0 units)
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