Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK - 2023

Contents:

1. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK (CIF) - 2023
2. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK (FOB) - 2023
3. Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK
4. Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK (CIF) - 2023

In August 2023, the average import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more amounted to $239 per unit, remaining constant against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in June 2023 an increase of 34% m-o-m. Over the period under review, average import prices reached the peak figure in August 2023.

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

From December 2022 to August 2023, the rate of growth in terms of prices for Ireland amounted to +2.3% per month.

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK (FOB) - 2023

The average export price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more stood at $281 per unit in June 2023, surging by 2.5% against the previous month. In general, export price indicated a strong expansion from December 2022 to June 2023: its price increased at an average monthly rate of +9.1% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, export price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more increased by +68.2% against December 2022 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 22% month-to-month. Over the period under review, the average export prices hit record highs in June 2023.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From December 2022 to June 2023, the rate of growth in terms of prices for Ireland amounted to +9.1% per month.

Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK

In 2022, overseas purchases of swine; live, (other than pure-bred breeding animals), weighing 50kg or more decreased by -8.7% to 413K units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 46%. As a result, imports attained the peak of 456K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more declined to $73M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. As a result, imports attained the peak of $85M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More to the UK in 2022:

1. Ireland (412.7K units)

Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in the UK

In 2022, the amount of swine; live, (other than pure-bred breeding animals), weighing 50kg or more exported from the UK surged to 2.3K units, with an increase of 133% against 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 10,678%. 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 swine; live, (other than pure-bred breeding animals), weighing 50kg or more surged to $713K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 6,262% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More from the UK in 2022:

1. Ireland (2.3K units)

Source: IndexBox Market Intelligence Platform