Sheep; Live Price in Latvia - 2023

Contents:

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

Sheep; Live Price in Latvia (FOB) - 2022

In 2022, the average sheep; live export price amounted to $113 per unit, rising by 28% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $155 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Lithuania ($143 per unit), while the average price for exports to the Netherlands stood at $75 per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep; Live Price in Latvia (CIF) - 2022

In 2022, the average sheep; live import price amounted to $93 per unit, remaining constant against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 an increase of 65%. As a result, import price attained the peak level of $145 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($112 per unit), while the price for the Netherlands ($74 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (-2.8%), while the prices for the other major suppliers experienced a decline.

Sheep; Live Exports in Latvia

In 2022, overseas shipments of sheep; live decreased by -17.6% to 3.5K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 165% against the previous year. As a result, the exports attained the peak of 4.3K units, and then dropped sharply in the following year.

In value terms, sheep; live exports rose notably to $400K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 184%. 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; Live from Latvia in 2022:

1. Lithuania (2.0K units)
2. Netherlands (1.6K units)

Sheep; Live Imports in Latvia

In 2022, overseas purchases of sheep; live decreased by 0% to 67 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports faced a abrupt downturn. The smallest decline of 99.9% was in 2020. Over the period under review, imports hit record highs at 92 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep; live imports stood at $6.2K in 2022. In general, imports continue to indicate a deep setback. The smallest decline of 99.9% was in 2020. Imports peaked at $9.1K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Sheep; Live to Latvia in 2022:

1. Netherlands (46.0 units)
2. Lithuania (14.0 units)
3. Estonia (6.0 units)

Source: IndexBox Market Intelligence Platform