Sheep; Live Price in Singapore - 2022

Contents:

1. Sheep; Live Price in Singapore (FOB) - 2022
2. Sheep; Live Price in Singapore (CIF) - 2022
3. Sheep; Live Exports in Singapore
4. Sheep; Live Imports in Singapore

Sheep; Live Price in Singapore (FOB) - 2022

In 2022, the average sheep; live export price amounted to $328 per unit, falling by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2016 an increase of 5.1% against the previous year. Over the period under review, the average export prices hit record highs at $336 per unit in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($342 per unit), while the average price for exports to Oman amounted to $121 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%).

Sheep; Live Price in Singapore (CIF) - 2022

In 2022, the average sheep; live import price amounted to $193 per unit, rising by 5.2% against the previous year. Overall, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum at $250 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($213 per unit), while the price for Australia totaled $190 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.1%).

Sheep; Live Exports in Singapore

After three years of growth, overseas shipments of sheep; live decreased by -6.2% to 25K units in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at 27K units in 2021, and then contracted in the following year.

In value terms, sheep; live exports contracted to $8.3M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $9.1M, and then shrank in the following year.

Top Export Markets for Sheep; Live from Singapore in 2022:

1. Malaysia (23.7K units)
2. Oman (1.6K units)

Sheep; Live Imports in Singapore

After two years of decline, supplies from abroad of sheep; live increased by 14% to 3.1K units in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the peak figure at 4.2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sheep; live imports soared to $598K in 2022. Overall, imports, however, recorded a drastic downturn. Imports peaked at $889K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Sheep; Live to Singapore in 2022:

1. Australia (2.7K units)
2. New Zealand (0.4K units)

Source: IndexBox Market Intelligence Platform