Sheep; Live Price in Malaysia - 2021

Contents:

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

Sheep; Live Price in Malaysia (CIF) - 2022

In 2022, the average sheep; live import price amounted to $166 per unit, increasing by 6.4% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $192 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($215 per unit), while the price for Indonesia ($64 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Sheep; Live Price in Malaysia (FOB) - 2022

The average sheep; live export price stood at $62 per unit in 2022, increasing by 8.2% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 177%. As a result, the export price reached the peak level of $192 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to -5.2% per year.

Sheep; Live Imports in Malaysia

In 2022, purchases abroad of sheep; live was finally on the rise to reach 31K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at 42K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep; live imports expanded markedly to $5.2M in 2022. Overall, imports, however, showed a abrupt setback. Over the period under review, imports attained the maximum at $7.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Sheep; Live to Malaysia in 2022:

1. Singapore (16.1K units)
2. Australia (8.2K units)
3. Indonesia (6.0K units)
4. Thailand (1.2K units)

Sheep; Live Exports in Malaysia

In 2022, overseas shipments of sheep; live decreased by -8.4% to 316 units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports reached the maximum at 345 units in 2021, and then dropped in the following year.

In value terms, sheep; live exports contracted modestly to $20K in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 1.8%. Over the period under review, the exports reached the peak figure at $20K in 2021, and then contracted slightly in the following year.

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

1. Brunei Darussalam (316.0 units)

Source: IndexBox Market Intelligence Platform