Bovine Animals; Live Price in Israel - 2023

Bovine Animals; Live Price in Israel (CIF) - 2022

The average bovine animals; live import price stood at $955 per unit in 2022, picking up by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 when the average import price increased by 25% against the previous year. The import price peaked at $1,054 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lithuania ($955 per unit) and Croatia ($955 per unit), while the price for Hungary ($955 per unit) and Romania ($955 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Bovine Animals; Live Price in Israel (FOB) - 2022

In 2022, the average bovine animals; live export price amounted to $950 per unit, shrinking by -5.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $1,094 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to -0.8% per year.

Bovine Animals; Live Imports in Israel

Bovine animals; live imports into Israel shrank to 347K units in 2022, which is down by -8.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 380K units, and then reduced in the following year.

In value terms, bovine animals; live imports declined to $332M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of $353M, and then declined in the following year.

Import of Bovine Animals; Live in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	48.5	60.3	90.2	177	54.0%
Romania	22.8	21.4	39.9	68.7	44.4%
Australia	48.2	14.7	28.7	47.3	-0.6%
Hungary	5.1	10.7	6.9	21.1	60.5%
Croatia	3.7	8.2	14.2	11.6	46.4%
Lithuania	3.6	6.2	4.2	3.3	-2.9%
Jordan	10.1	8.9	10.2	N/A	0.5%
Others	91.2	104	159	2.5	-69.8%
Total	233	235	353	332	12.5%

Top Suppliers of Bovine Animals; Live to Israel in 2022:

Portugal (185.7K units)
Romania (72.0K units)
Australia (49.5K units)
Hungary (22.1K units)
Croatia (12.1K units)
Lithuania (3.5K units)

Bovine Animals; Live Exports in Israel

In 2022, the amount of bovine animals; lives exported from Israel rose modestly to 169K units, increasing by 2.1% compared with 2021. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, the exports reached the peak of 172K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, bovine animals; live exports declined slightly to $160M in 2022. The total export value increased at an average annual rate of +10.8% over the period 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 2020 when exports increased by 31%. The exports peaked at $166M in 2021, and then contracted modestly in the following year.