Sheep; Live Price in New Zealand - 2023

Contents:

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

Sheep; Live Price in New Zealand (FOB) - 2022

In 2022, the average sheep; live export price amounted to $2,525 per unit, surging by 187% against the previous year. In general, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue 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 Peru ($15,038 per unit), while the average price for exports to South Korea ($531 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 Peru (+1.2%), while the prices for the other major destinations experienced a decline.

Sheep; Live Price in New Zealand (CIF) - 2022

The average sheep; live import price stood at $2,092 per unit in 2022, jumping by 26% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $4,665 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Sheep; Live Exports in New Zealand

In 2022, exports of sheep; live from New Zealand shrank dramatically to 72 units, which is down by -95% on the previous year. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 957%. As a result, the exports reached the peak of 1.4K units, and then dropped sharply in the following year.

In value terms, sheep; live exports dropped dramatically to $181K in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1,102%. As a result, the exports attained the peak of $1.3M, and then declined markedly in the following year.

Top Export Markets for Sheep; Live from New Zealand in 2022:

1. South Korea (40.0 units)
2. Japan (16.0 units)
3. Chile (9.0 units)
4. Peru (6.0 units)

Sheep; Live Imports in New Zealand

In 2022, purchases abroad of sheep; live decreased by -22.2% to 14 units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, imports reached the peak of 24 units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sheep; live imports reached $29K in 2022. In general, imports saw a pronounced shrinkage. Over the period under review, imports hit record highs at $32K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Sheep; Live to New Zealand in 2022:

1. Australia (14.0 units)

Source: IndexBox Market Intelligence Platform