Sheep; Live Price in Ireland - 2023

Contents:

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

Sheep; Live Price in Ireland (CIF) - 2023

In August 2023, the average sheep; live import price amounted to $277 per unit, increasing by 3.3% against the previous month. In general, import price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, sheep; live import price increased by +39.6% against February 2023 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 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.

Sheep; Live Price in Ireland (FOB) - 2022

In 2022, the average sheep; live export price amounted to $207 per unit, approximately equating the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 76%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign 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.

Sheep; Live Imports in Ireland

In 2022, the amount of sheep; live imported into Ireland totaled 339K units, flattening at the previous year's figure. In general, imports showed a drastic downturn. The smallest decline of -23.6% was in 2020. Over the period under review, imports hit record highs at 475K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sheep; live imports stood at $47M in 2022. Over the period under review, imports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 when imports increased by 8.1%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sheep; Live to Ireland in 2022:

1. United Kingdom (338.6K units)

Sheep; Live Exports in Ireland

In 2022, shipments abroad of sheep; live decreased by 0% to 22K units, falling for the second year in a row after two years of growth. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 87%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sheep; live exports stood at $4.5M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 205%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Sheep; 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