Sheep; Live Price in Hungary - 2023

Contents:

1. Sheep; Live Price in Hungary (FOB) - 2023
2. Sheep; Live Price in Hungary (CIF) - 2022
3. Sheep; Live Exports in Hungary
4. Sheep; Live Imports in Hungary

Sheep; Live Price in Hungary (FOB) - 2023

The average sheep; live export price stood at $162 per unit in August 2023, approximately mirroring the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $168 per unit. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($255 per unit), while the average price for exports to Croatia ($144 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep; Live Price in Hungary (CIF) - 2022

The average sheep; live import price stood at $140 per unit in 2022, with an increase of 23% against the previous year. In general, the import price saw a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($250 per unit), while the price for Slovakia ($91 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Sheep; Live Exports in Hungary

Sheep; live exports from Hungary fell to 430K units in 2022, which is down by -5.5% compared with 2021. In general, exports continue to indicate a abrupt slump. Over the period under review, the exports attained the maximum at 592K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheep; live exports shrank to $48M in 2022. Overall, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, the exports reached the maximum at $54M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Italy (283.6K units)
2. Germany (59.7K units)
3. France (39.9K units)
4. Austria (26.3K units)
5. Croatia (15.3K units)

Sheep; Live Imports in Hungary

In 2022, sheep; live imports into Hungary shrank dramatically to 3.6K units, which is down by -63.7% against 2021. Over the period under review, imports showed a significant curtailment. The smallest decline of -8.5% was in 2020. Over the period under review, imports hit record highs at 17K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sheep; live imports dropped sharply to $510K in 2022. In general, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Sheep; Live to Hungary in 2022:

1. France (1200.0 units)
2. Slovakia (756.0 units)
3. Austria (628.0 units)
4. Germany (548.0 units)
5. Italy (396.0 units)
6. Romania (110.0 units)

Source: IndexBox Market Intelligence Platform