Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (FOB) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (CIF) - 2023
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (FOB) - 2023
The average export price for cattle; live, other than pure-bred breeding animalses stood at $980 per unit in August 2023, stabilizing at the previous month. Overall, the export price continues to indicate notable growth. The export price peaked in August 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to August 2023, the rate of growth in terms of prices for the United States amounted to +3.2% per month.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (CIF) - 2023
In October 2023, the average import price for cattle; live, other than pure-bred breeding animalses amounted to $1,417 per unit, approximately reflecting the previous month. Overall, the import price, however, saw a temperate increase. The pace of growth was the most pronounced in September 2023 an increase of 25% against the previous month. As a result, import price attained the peak level of $1,429 per unit, leveling off in the following month.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +2.1% per month.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico
In 2022, overseas shipments of cattle; live, other than pure-bred breeding animalses decreased by -29.4% to 415K units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, the exports attained the peak of 609K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cattle; live, other than pure-bred breeding animalses shrank significantly to $297M in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, the exports attained the peak of $551M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 472 | 551 | 392 | 297 | -14.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 472 | 551 | 392 | 297 | -14.3% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Mexico in 2022:
- United States (415.0K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico
For the fourth consecutive year, Mexico recorded growth in purchases abroad of cattle; live, other than pure-bred breeding animalses, which increased by 89% to 98K units in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cattle; live, other than pure-bred breeding animalses soared to $104M in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.2 | 40.5 | 69.8 | 104 | 51.0% |
| Others | 1.6 | 1.1 | N/A | N/A | -31.3% |
| Total | 31.8 | 41.6 | 69.8 | 104 | 48.4% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Mexico in 2022:
- United States (97.7K units)
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