Sheep; Live Price in Canada - 2023

Contents:

1. Sheep; Live Price in Canada (CIF) - 2022
2. Sheep; Live Price in Canada (FOB) - 2022
3. Sheep; Live Imports in Canada
4. Sheep; Live Exports in Canada

Sheep; Live Price in Canada (CIF) - 2022

The average sheep; live import price stood at $146 per unit in 2022, which is down by -1.7% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live import price decreased by -37.1% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the maximum at $232 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.4% per year.

Sheep; Live Price in Canada (FOB) - 2022

In 2022, the average sheep; live export price amounted to $60 per unit, shrinking by -5.7% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The export price peaked at $122 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.4% per year.

Sheep; Live Imports in Canada

For the fourth year in a row, Canada recorded growth in purchases abroad of sheep; live, which increased by 13% to 18K units in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 6,606% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sheep; live imports expanded significantly to $2.7M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 7,715% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Sheep; Live to Canada in 2022:

1. United States (18.2K units)

Sheep; Live Exports in Canada

In 2022, approx. 31K units of sheep; live were exported from Canada; with an increase of 36% against 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sheep; live exports skyrocketed to $1.9M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 126%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sheep; Live from Canada in 2022:

1. United States (31.2K units)

Source: IndexBox Market Intelligence Platform