Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States - 2023

Contents:

1. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States (CIF) - 2023
2. Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States (FOB) - 2022
3. Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States
4. Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States (CIF) - 2023

The average import price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg stood at $36.9 per unit in December 2023, with an increase of 7.1% against the previous month. Over the period under review, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in October 2023 an increase of 12% m-o-m. The import price peaked at $52.7 per unit in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to -2.2% per month.

Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States (FOB) - 2022

The average export price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg stood at $112 per unit in 2022, with an increase of 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 62%. The export price peaked at $125 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($490 per unit), while the average price for exports to India ($50 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States

After three years of growth, purchases abroad of swine; live, (other than pure-bred breeding animals), weighing less than 50kg decreased by -2.5% to 5M units in 2022. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 5.1M units, and then reduced slightly in the following year.

In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg reached $231M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg to the United States in 2022:

1. Canada (5.0M units)

Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in the United States

In 2022, the amount of swine; live, (other than pure-bred breeding animals), weighing less than 50kg exported from the United States shrank to 29K units, which is down by -7.1% against 2021. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 4.8%. Over the period under review, the exports of hit record highs at 38K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg soared to $3.3M in 2022. Overall, exports saw a abrupt curtailment. Over the period under review, the exports of attained the peak figure at $4.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg from the United States in 2022:

1. Mexico (10.3K units)
2. Canada (2.2K units)
3. United Kingdom (1.9K units)
4. Nigeria (1.9K units)
5. Australia (1.5K units)
6. Germany (1.3K units)
7. Hong Kong SAR (1.3K units)
8. Brazil (1.2K units)
9. Turkey (1.2K units)
10. India (0.8K units)
11. South Korea (0.8K units)
12. Poland (0.7K units)
13. Colombia (0.6K units)

Source: IndexBox Market Intelligence Platform