Sheep; Live Price in Kuwait - 2021

Contents:

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

Sheep; Live Price in Kuwait (CIF) - 2022

In 2022, the average sheep; live import price amounted to $130 per unit, picking up by 7.3% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live import price decreased by -9.5% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. The import price peaked at $143 per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 Syrian Arab Republic ($818 per unit), while the price for Somalia ($54 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Sheep; Live Price in Kuwait (FOB) - 2022

The average sheep; live export price stood at $111 per unit in 2022, dropping by -1.9% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep; live export price increased by +1.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $160 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($188 per unit), while the average price for exports to Oman ($72 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 Bahrain (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep; Live Imports in Kuwait

In 2022, overseas purchases of sheep; live decreased by -1.9% to 1.4M units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, imports attained the peak of 1.4M units; afterwards, it flattened through to 2022.

In value terms, sheep; live imports rose significantly to $178M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of $187M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Sheep; Live to Kuwait in 2022:

1. Iran (488.6K units)
2. Australia (255.1K units)
3. Saudi Arabia (175.9K units)
4. Jordan (133.5K units)
5. Turkey (55.5K units)
6. Somalia (37.5K units)
7. Armenia (37.1K units)
8. Lebanon (24.6K units)
9. Syrian Arab Republic (23.7K units)

Sheep; Live Exports in Kuwait

Sheep; live exports from Kuwait soared to 25K units in 2022, jumping by 27% on the previous year. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 567%. As a result, the exports reached the peak of 30K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep; live exports soared to $2.7M in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 380%. As a result, the exports attained the peak of $3.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Saudi Arabia (11.2K units)
2. Qatar (8.0K units)
3. Oman (3.1K units)
4. Bahrain (1.4K units)
5. Jordan (0.5K units)
6. United Arab Emirates (0.3K units)

Source: IndexBox Market Intelligence Platform