Swine; Live Price in Canada - 2023

Swine; Live Price in Canada (FOB) - 2023

In September 2023, the average swine; live export price amounted to $69.1 per unit, declining by -4.3% against the previous month. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 20% month-to-month. The export price peaked at $88.4 per unit in October 2022; however, from November 2022 to September 2023, the export prices remained at a lower figure.

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

From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -1.8% per month.

Swine; Live Price in Canada (CIF) - 2022

In 2022, the average swine; live import price amounted to $589 per unit, reducing by -11.4% against the previous year. Overall, the import price continues to indicate a mild descent. The growth pace was the most rapid in 2018 when the average import price increased by 30%. As a result, import price attained the peak level of $723 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.6% per year.

Swine; Live Exports in Canada

In 2022, the amount of swine; live exported from Canada declined slightly to 6.6M units, with a decrease of -1.5% on 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 87% against the previous year. As a result, the exports attained the peak of 6.7M units, and then contracted modestly in the following year.

In value terms, swine; live exports dropped slightly to $583M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 105% against the previous year. As a result, the exports attained the peak of $589M, leveling off in the following year.

Export of Swine; Live in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	313	260	571	573	22.3%
Others	21.0	27.8	17.8	10.1	-21.7%
Total	334	288	589	583	20.4%

Top Export Markets for Swine; Live from Canada in 2022:

United States (6.6M units)

Swine; Live Imports in Canada

For the third consecutive year, Canada recorded decline in purchases abroad of swine; live, which decreased by -21% to 4.3K units in 2022. Overall, imports showed a abrupt downturn. The smallest decline of -0.6% was in 2021. Imports peaked at 5.7K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, swine; live imports contracted sharply to $2.6M in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of $3.7M, and then contracted remarkably in the following year.