Sheep; Live Price in the UK - 2023

Contents:

1. Sheep; Live Price in the UK (FOB) - 2023
2. Sheep; Live Price in the UK (CIF) - 2022
3. Sheep; Live Exports in the UK
4. Sheep; Live Imports in the UK

Sheep; Live Price in the UK (FOB) - 2023

The average sheep; live export price stood at $130 per unit in August 2023, which is down by -15.8% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 21% month-to-month. As a result, the export price reached the peak level of $158 per unit. From June 2023 to August 2023, the the average export prices failed to regain momentum.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Ireland amounted to +0.6% per month.

Sheep; Live Price in the UK (CIF) - 2022

The average sheep; live import price stood at $440 per unit in 2022, shrinking by -90.8% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 1,656% against the previous year. The import price peaked at $5,312 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($6,303 per unit), while the price for Sweden ($62 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+22.0%).

Sheep; Live Exports in the UK

In 2022, overseas shipments of sheep; live were finally on the rise to reach 150K units after two years of decline. In general, exports, however, continue to indicate a deep contraction. The exports peaked at 261K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sheep; live exports fell modestly to $21M in 2022. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 2.8% against the previous year. Over the period under review, the exports hit record highs at $28M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Sheep; Live from the UK in 2022:

1. France (undefinedK units)
2. Ireland (45.6K units)
3. Nicaragua (5.3K units)

Sheep; Live Imports in the UK

In 2022, approx. 657 units of sheep; live were imported into the UK; picking up by 3,185% on 2021 figures. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sheep; live imports skyrocketed to $289K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 523% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Sheep; Live to the UK in 2022:

1. Netherlands (311.0 units)
2. France (264.0 units)
3. Belgium (52.0 units)
4. Sweden (21.0 units)
5. New Zealand (8.0 units)

Source: IndexBox Market Intelligence Platform