Sheep; Live Price in the Philippines - 2021
Contents:
Sheep; Live Price in the Philippines (CIF) - 2021
The average sheep; live import price stood at $117 per unit in July 2021, leveling off at the previous month. Over the period under review, the import price recorded a modest expansion. Over the period under review, average import prices reached the maximum in July 2021.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From October 2020 to July 2021, the rate of growth in terms of prices for Australia amounted to +1.2% per month.
Sheep; Live Imports in the Philippines
In 2022, overseas purchases of sheep; live decreased by -18% to 1.2K units, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 696% against the previous year. As a result, imports attained the peak of 3.4K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sheep; live imports soared to $1.2M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,599%. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sheep; Live in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 71.3 | 1,522 | 819 | 1,170 | 154.1% |
| United States | 19.4 | 19.9 | 16.2 | 18.8 | -1.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 90.8 | 1,542 | 835 | 1,189 | 135.7% |
Top Suppliers of Sheep; Live to the Philippines in 2022:
- Australia (874.0 units)
- United States (343.0 units)
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