Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (FOB) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (CIF) - 2023
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (FOB) - 2023
The average export price for cattle; live, other than pure-bred breeding animalses stood at $1,055 per unit in November 2023, growing by 12% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $1,378 per unit in June 2023; afterwards, it flattened through to November 2023.
As there is only one major export destination, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +3.4% per month.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (CIF) - 2023
The average import price for cattle; live, other than pure-bred breeding animalses stood at $990 per unit in September 2023, reducing by -52% against the previous month. Overall, the import price continues to indicate a deep setback. The growth pace was the most rapid in January 2023 when the average import price increased by 147% month-to-month. As a result, import price attained the peak level of $2,285 per unit. From February 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From November 2022 to September 2023, the rate of growth in terms of prices for Spain amounted to -5.8% per month.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal
For the fourth consecutive year, Portugal recorded growth in overseas shipments of cattle; live, other than pure-bred breeding animalses, which increased by 16% to 156K units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cattle; live, other than pure-bred breeding animalses soared to $174M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 72.5 | 110 | 140 | 160 | 30.2% |
| Spain | 10.8 | 12.3 | 10.1 | 14.5 | 10.3% |
| Others | 5.6 | 0.5 | 0.3 | 0.1 | -73.9% |
| Total | 88.9 | 122 | 151 | 174 | 25.1% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Portugal in 2022:
- Israel (143.0K units)
- Spain (12.9K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal
In 2022, supplies from abroad of cattle; live, other than pure-bred breeding animalses decreased by -51.9% to 418 units, falling for the second consecutive year after two years of growth. In general, imports saw a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 475% against the previous year. As a result, imports reached the peak of 4.9K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cattle; live, other than pure-bred breeding animalses declined remarkably to $646K in 2022. Over the period under review, imports saw a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 217% against the previous year. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.3 | 3.9 | 0.9 | 0.6 | -22.7% |
| Ireland | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Netherlands | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 4.1 | 1.1 | 0.6 | -22.7% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Portugal in 2022:
- Spain (338.0 units)
- Ireland (80.0 units)
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