Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (FOB) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (CIF) - 2023
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (FOB) - 2023
The average export price for cattle; live, other than pure-bred breeding animalses stood at $1,095 per unit in November 2023, remaining stable against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 64% m-o-m. Over the period under review, the average export prices reached the maximum at $1,341 per unit in August 2023; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,240 per unit), while the average price for exports to the Netherlands ($228 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (CIF) - 2023
The average import price for cattle; live, other than pure-bred breeding animalses stood at $180 per unit in November 2023, reducing by -3.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 296% against the previous month. As a result, import price reached the peak level of $835 per unit. From July 2023 to November 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 November 2022 to November 2023, the rate of growth in terms of prices for Italy amounted to +27.3% per month.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland
In 2022, approx. 182K units of cattle; live, other than pure-bred breeding animalses were exported from Ireland; with an increase of 21% on 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of cattle; live, other than pure-bred breeding animalses soared to $112M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +66.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 15.6 | 21.1 | 36.0 | 39.1 | 35.8% |
| Italy | 11.0 | 10.3 | 16.9 | 19.5 | 21.0% |
| Spain | 23.2 | 20.1 | 23.6 | 15.7 | -12.2% |
| France | 2.0 | 0.4 | 0.6 | 7.6 | 56.0% |
| Netherlands | 9.8 | 3.1 | 6.3 | 6.1 | -14.6% |
| Jordan | N/A | N/A | N/A | 5.5 | 0% |
| Libya | 6.5 | 3.6 | 2.7 | 3.6 | -17.9% |
| Others | 5.2 | 8.9 | 3.6 | 15.0 | 42.4% |
| Total | 73.2 | 67.5 | 89.8 | 112 | 15.2% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Ireland in 2022:
- United Kingdom (46.5K units)
- Spain (40.5K units)
- Italy (32.1K units)
- Netherlands (19.1K units)
- France (11.9K units)
- Jordan (5.6K units)
- Libya (4.1K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland
In 2022, purchases abroad of cattle; live, other than pure-bred breeding animalses decreased by -50.3% to 10K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 182%. Imports peaked at 21K units in 2021, and then plummeted in the following year.
In value terms, imports of cattle; live, other than pure-bred breeding animalses fell significantly to $1.7M in 2022. Overall, imports saw a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports reached the peak of $4.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.1 | 4.3 | 3.9 | 1.2 | 128.9% |
| Italy | N/A | N/A | N/A | 0.4 | 0% |
| United Kingdom | 0.5 | 0.2 | 0.3 | 0.1 | -41.5% |
| Belgium | 3.0 | 0.1 | N/A | N/A | -96.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.6 | 4.5 | 4.3 | 1.7 | -22.1% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Ireland in 2022:
- Spain (8.5K units)
- Italy (1.4K units)
- United Kingdom (0.5K units)
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