Sheep; Live Price in Qatar - 2023
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Sheep; Live Price in Qatar (CIF) - 2023
In August 2023, the average sheep; live import price amounted to $196 per unit, dropping by -37.5% against the previous month. Overall, the import price, however, recorded a notable expansion. The pace of growth was the most pronounced in September 2022 an increase of 883% against the previous month. As a result, import price reached the peak level of $1,294 per unit. From October 2022 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United Arab Emirates ($236 per unit), while the price for Somalia ($114 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Jordan (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sheep; Live Imports in Qatar
For the fourth year in a row, Qatar recorded growth in overseas purchases of sheep; live, which increased by 1.5% to 1.1M units in 2022. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, sheep; live imports soared to $137M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sheep; Live in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 22.7 | 18.9 | 17.6 | 69.4 | 45.1% |
| Oman | 0.1 | N/A | N/A | 26.4 | 541.5% |
| Iran | 29.9 | 29.6 | 47.0 | 14.3 | -21.8% |
| Armenia | 0.7 | 6.7 | 8.8 | 8.2 | 127.1% |
| Somalia | 3.4 | 2.8 | 5.5 | 6.1 | 21.5% |
| Australia | 50.3 | 31.3 | 3.3 | 4.8 | -54.3% |
| Jordan | N/A | N/A | N/A | 4.2 | 0% |
| Lebanon | 6.5 | 32.1 | 28.3 | N/A | 108.7% |
| Others | 5.5 | 9.4 | 5.1 | 3.4 | -14.8% |
| Total | 119 | 131 | 116 | 137 | 4.8% |
Top Suppliers of Sheep; Live to Qatar in 2022:
- Turkey (515.9K units)
- Oman (206.7K units)
- Somalia (102.1K units)
- Jordan (79.6K units)
- Iran (70.3K units)
- Australia (55.0K units)
- Armenia (52.0K units)
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