Sheep; Live Price in Turkey - 2023
Contents:
- Sheep; Live Price in Turkey (FOB) - 2022
- Sheep; Live Price in Turkey (CIF) - 2023
- Sheep; Live Exports in Turkey
- Sheep; Live Imports in Turkey
Sheep; Live Price in Turkey (FOB) - 2022
The average sheep; live export price stood at $118 per unit in 2022, which is down by -16.2% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.7%. The export price peaked at $246 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($135 per unit) and Kuwait ($120 per unit), while the average price for exports to Iraq ($113 per unit) and Qatar ($118 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-2.4%), while the prices for the other major destinations experienced a decline.
Sheep; Live Price in Turkey (CIF) - 2023
The average sheep; live import price stood at $49.0 per unit in September 2023, falling by -18.9% against the previous month. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 419% month-to-month. As a result, import price attained the peak level of $441 per unit. From August 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Syrian Arab Republic.
From September 2022 to September 2023, the rate of growth in terms of prices for Bulgaria amounted to +2.0% per month.
Sheep; Live Exports in Turkey
Sheep; live exports from Turkey soared to 542K units in 2022, rising by 106% on the year before. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sheep; live exports surged to $64M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sheep; Live in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 0.2 | 1.3 | 5.5 | 34.2 | 455.0% |
| Qatar | 20.7 | 10.8 | 12.9 | 11.7 | -17.3% |
| Kuwait | N/A | N/A | 7.2 | 9.3 | 29.2% |
| Lebanon | 7.7 | 16.1 | 9.1 | 7.9 | 0.9% |
| Others | N/A | 0.7 | 2.5 | 1.1 | 25.4% |
| Total | 28.6 | 28.9 | 37.1 | 64.1 | 30.9% |
Top Export Markets for Sheep; Live from Turkey in 2022:
- Iraq (302.6K units)
- Qatar (99.2K units)
- Kuwait (77.3K units)
- Lebanon (58.6K units)
Sheep; Live Imports in Turkey
In 2022, approx. 16K units of sheep; live were imported into Turkey; with a decrease of -55% on the previous year's figure. In general, imports faced a sharp curtailment. The smallest decline of -13% was in 2020. Imports peaked at 82K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, sheep; live imports dropped sharply to $4.2M in 2022. Over the period under review, imports faced a sharp descent. The pace of growth appeared the most rapid in 2020 when imports increased by 3.5% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sheep; Live in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 3.1 | 6.0 | 6.2 | 3.1 | 0.0% |
| Hungary | 8.5 | 7.5 | 3.3 | 0.7 | -56.5% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.3 | 0% |
| Romania | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Ukraine | 1.6 | 0.4 | 0.1 | N/A | -75.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.5 | 14.0 | 9.6 | 4.2 | -32.2% |
Top Suppliers of Sheep; Live to Turkey in 2022:
- Bulgaria (10.1K units)
- Syrian Arab Republic (3.5K units)
- Hungary (2.0K units)
- Romania (0.3K units)
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