Price for Sheep and Goats; Live in Portugal - 2023

Contents:

1. Price for Sheep and Goats; Live in Portugal (FOB) - 2023
2. Price for Sheep and Goats; Live in Portugal (CIF) - 2023
3. Exports of Sheep and Goats; Live in Portugal
4. Imports of Sheep and Goats; Live in Portugal

Price for Sheep and Goats; Live in Portugal (FOB) - 2023

The average sheep and goats; live export price stood at $148 per unit in August 2023, declining by -1.7% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 17% against the previous month. Over the period under review, the average export prices hit record highs at $188 per unit in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In August 2023, the country with the highest price was Israel ($154 per unit), while the average price for exports to Spain ($109 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sheep and Goats; Live in Portugal (CIF) - 2023

The average sheep and goats; live import price stood at $135 per unit in August 2023, jumping by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in March 2023 an increase of 24% month-to-month. As a result, import price attained the peak level of $160 per unit. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +1.5% per month.

Exports of Sheep and Goats; Live in Portugal

In 2022, overseas shipments of sheep and goats; live decreased by -4.2% to 451K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 24%. As a result, the exports reached the peak of 489K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheep and goats; live exports soared to $89M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +57.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Sheep and Goats; Live from Portugal in 2022:

1. Israel (373.5K units)
2. Palestine (62.1K units)
3. Spain (15.2K units)

Imports of Sheep and Goats; Live in Portugal

In 2022, imports of sheep and goats; live into Portugal dropped dramatically to 211K units, which is down by -23.1% on 2021. In general, imports showed a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 274K units, and then declined dramatically in the following year.

In value terms, sheep and goats; live imports shrank dramatically to $22M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of $26M, and then reduced notably in the following year.

Top Suppliers of Sheep and Goats; Live to Portugal in 2022:

1. Spain (207.4K units)
2. France (3.3K units)

Source: IndexBox Market Intelligence Platform