Price for Sheep and Goats; Live in Ireland - 2023

Contents:

1. Price for Sheep and Goats; Live in Ireland (CIF) - 2023
2. Price for Sheep and Goats; Live in Ireland (FOB) - 2022
3. Imports of Sheep and Goats; Live in Ireland
4. Exports of Sheep and Goats; Live in Ireland

Price for Sheep and Goats; Live in Ireland (CIF) - 2023

In August 2023, the average sheep and goats; live import price amounted to $276 per unit, with an increase of 3.3% against the previous month. Overall, import price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sheep and goats; live import price increased by +39.6% against February 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 17% against the previous month. The import price peaked in August 2023.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +3.3% per month.

Price for Sheep and Goats; Live in Ireland (FOB) - 2022

The average sheep and goats; live export price stood at $207 per unit in 2022, approximately equating the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($232 per unit), while the average price for exports to the UK ($137 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep and Goats; Live in Ireland

In 2022, the amount of sheep and goats; live imported into Ireland amounted to 339K units, remaining relatively unchanged against the year before. Overall, imports faced a abrupt downturn. The smallest decline of -23.6% was in 2020. Over the period under review, imports reached the maximum at 475K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sheep and goats; live imports amounted to $47M in 2022. In general, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8.2%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Sheep and Goats; Live to Ireland in 2022:

1. United Kingdom (338.7K units)

Exports of Sheep and Goats; Live in Ireland

In 2022, shipments abroad of sheep and goats; live decreased by 0% to 22K units, falling for the second year in a row after two years of growth. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 84%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sheep and goats; live exports amounted to $4.5M in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 202% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Sheep and Goats; Live from Ireland in 2022:

1. France (13.5K units)
2. Belgium (2.6K units)
3. Netherlands (2.4K units)
4. Italy (1.2K units)
5. Germany (1.0K units)
6. United Kingdom (0.1K units)

Source: IndexBox Market Intelligence Platform