Bovine Animals; Live Price in the Philippines - 2023
Contents:
- Bovine Animals; Live Price in the Philippines (CIF) - 2023
- Bovine Animals; Live Price in the Philippines (FOB) - 2022
- Bovine Animals; Live Imports in the Philippines
- Bovine Animals; Live Exports in the Philippines
Bovine Animals; Live Price in the Philippines (CIF) - 2023
In July 2023, the average bovine animals; live import price amounted to $2,326 per unit, approximately equating the previous month. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in December 2022 an increase of 10,315% month-to-month. Over the period under review, average import prices attained the maximum at $2,562 per unit in March 2023; afterwards, it flattened through to July 2023.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From August 2022 to July 2023, the rate of growth in terms of prices for Australia amounted to +5.7% per month.
Bovine Animals; Live Price in the Philippines (FOB) - 2022
The average bovine animals; live export price stood at $327 per unit in 2022, falling by -7.1% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 54%. The export price peaked at $1,183 per unit in 2018; however, from 2019 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 the United States ($680 per unit), while the average price for exports to Palau ($17 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 Egypt (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Imports in the Philippines
In 2022, overseas purchases of bovine animals; lives decreased by -64% to 8K units for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a significant decline. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 22K units, and then shrank sharply in the following year.
In value terms, bovine animals; live imports declined remarkably to $12M in 2022. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of $36M, and then shrank dramatically in the following year.
| Import of Bovine Animals; Live in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 14.7 | 17.6 | 34.1 | 12.3 | -5.8% |
| China | N/A | N/A | N/A | N/A | 0% |
| New Zealand | 2.1 | 2.0 | 2.0 | N/A | -2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.8 | 19.6 | 36.1 | 12.4 | -9.6% |
Top Suppliers of Bovine Animals; Live to the Philippines in 2022:
- Australia (7.8K units)
- China (0.3K units)
Bovine Animals; Live Exports in the Philippines
In 2022, the amount of bovine animals; lives exported from the Philippines dropped dramatically to 7 units, with a decrease of -46.2% against the previous year's figure. Over the period under review, exports continue to indicate a precipitous curtailment. The exports peaked at 13 units in 2021, and then dropped significantly in the following year.
In value terms, bovine animals; live exports contracted rapidly to $2.3K in 2022. In general, exports faced a sharp shrinkage. Over the period under review, the exports reached the maximum at $4.6K in 2021, and then fell notably in the following year.
| Export of Bovine Animals; Live in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 3,120 | 1,360 | -56.4% | ||
| United Kingdom | N/A | 736 | 0% | ||
| South Africa | 633 | 174 | -72.5% | ||
| Palau | 79.0 | 17.0 | -78.5% | ||
| Japan | 209 | N/A | 0% | ||
| China | 532 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 4,573 | 2,287 | -50.0% | ||
Top Export Markets for Bovine Animals; Live from the Philippines in 2022:
- United Kingdom (3.0 units)
- United States (2.0 units)
- Palau (1.0 units)
- South Africa (1.0 units)
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