Swine; Live Price in Ireland - 2023

Contents:

1. Swine; Live Price in Ireland (FOB) - 2023
2. Swine; Live Price in Ireland (CIF) - 2022
3. Swine; Live Exports in Ireland
4. Swine; Live Imports in Ireland

Swine; Live Price in Ireland (FOB) - 2023

In August 2023, the average swine; live export price amounted to $173 per unit, remaining stable against the previous month. In general, export price indicated notable growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, swine; live export price decreased by -11.5% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices hit record highs at $196 per unit in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +2.5% per month.

Swine; Live Price in Ireland (CIF) - 2022

The average swine; live import price stood at $179 per unit in 2022, approximately equating the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101% against the previous year. The import price peaked at $531 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,781 per unit), while the price for the UK stood at $127 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+75.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Swine; Live Exports in Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of swine; live, which decreased by 0% to 381K units in 2022. In general, exports showed a perceptible curtailment. The smallest decline of -76.3% was in 2020. The exports peaked at 425K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, swine; live exports totaled $78M in 2022. Over the period under review, exports continue to indicate a mild expansion. The smallest decline of -74.4% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. United Kingdom (375.3K units)

Swine; Live Imports in Ireland

In 2022, approx. 3.4K units of swine; live were imported into Ireland; leveling off at the year before. Over the period under review, imports faced a dramatic curtailment. The smallest decline of -12.5% was in 2020. Over the period under review, imports attained the peak figure at 6.7K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, swine; live imports stood at $614K in 2022. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 76%. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Swine; Live to Ireland in 2022:

1. United States (undefinedK units)
2. United Kingdom (3.4K units)

Source: IndexBox Market Intelligence Platform