Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Canada - 2024
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (FOB) - 2024
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (CIF) - 2024
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (FOB) - 2024
In December 2023, the average export price for cattle; live, other than pure-bred breeding animalses amounted to $1,704 per unit, waning by -3.5% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in March 2023 an increase of 11% month-to-month. Over the period under review, the average export prices hit record highs at $1,827 per unit in September 2023; afterwards, it flattened through to December 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +1.6% per month.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (CIF) - 2024
The average import price for cattle; live, other than pure-bred breeding animalses stood at $1,156 per unit in December 2023, picking up by 6.7% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in July 2023 an increase of 40% m-o-m. Over the period under review, average import prices reached the peak figure at $1,290 per unit in September 2023; afterwards, it flattened through to December 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +1.6% per month.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada
In 2022, shipments abroad of cattle; live, other than pure-bred breeding animalses increased by 16% to 746K units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cattle; live, other than pure-bred breeding animalses surged to $1.1B in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 918 | 828 | 809 | 1,075 | 5.4% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 919 | 828 | 809 | 1,075 | 5.4% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Canada in 2022:
- United States (745.9K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada
After three years of growth, overseas purchases of cattle; live, other than pure-bred breeding animalses decreased by -21.8% to 301K units in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% 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 +11.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 386K units, and then dropped rapidly in the following year.
In value terms, imports of cattle; live, other than pure-bred breeding animalses declined rapidly to $290M in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. As a result, imports reached the peak of $343M, and then fell dramatically in the following year.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 190 | 191 | 343 | 290 | 15.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 190 | 191 | 343 | 290 | 15.1% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Canada in 2022:
- United States (301.5K units)
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