Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (CIF) - 2022
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (FOB) - 2022
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (CIF) - 2022
The average import price for cattle; live, other than pure-bred breeding animalses stood at $1,521 per unit in 2022, declining by -5.4% against the previous year. Over the period under review, the import price, however, posted a strong increase. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. As a result, import price attained the peak level of $1,607 per unit, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,573 per unit), while the price for China totaled $9.6 per unit.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.6%).
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (FOB) - 2022
The average export price for cattle; live, other than pure-bred breeding animalses stood at $381 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2021 to 2022, the rate of growth in terms of prices for Japan amounted to 0.0% per year.
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines
In 2022, after three years of growth, there was significant decline in purchases abroad of cattle; live, other than pure-bred breeding animalses, when their volume decreased by -64.3% to 7.9K units. Overall, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 22K units, and then shrank remarkably in the following year.
In value terms, imports of cattle; live, other than pure-bred breeding animalses declined significantly to $12M in 2022. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports attained the peak of $35M, and then dropped significantly in the following year.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.2 | 19.6 | 35.5 | 12.0 | -9.5% |
| China | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.2 | 19.6 | 35.5 | 12.0 | -9.5% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to the Philippines in 2022:
- Australia (7.6K units)
- China (0.3K units)
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines
In 2022, approx. 6 units of cattle; live, other than pure-bred breeding animalses were exported from the Philippines; with a decrease of -50% on 2021. In general, exports continue to indicate a precipitous curtailment. The exports peaked at 12 units in 2021, and then shrank remarkably in the following year.
In value terms, exports of cattle; live, other than pure-bred breeding animalses fell sharply to $2.3K in 2022. Over the period under review, exports recorded a dramatic contraction. The exports peaked at $4.6K in 2021, and then fell remarkably in the following year.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United Kingdom | N/A | 2.3 | 0% | ||
| Japan | 0.2 | N/A | 0% | ||
| China | 0.6 | N/A | 0% | ||
| United States | 3.7 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 4.6 | 2.3 | -50.0% | ||
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from the Philippines in 2022:
- United Kingdom (6.0 units)
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