Sheep; Live Price in Saudi Arabia - 2021
Contents:
- Sheep; Live Price in Saudi Arabia (CIF) - 2022
- Sheep; Live Price in Saudi Arabia (FOB) - 2022
- Sheep; Live Imports in Saudi Arabia
- Sheep; Live Exports in Saudi Arabia
Sheep; Live Price in Saudi Arabia (CIF) - 2022
In 2022, the average sheep; live import price amounted to $133 per unit, growing by 4.5% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. As a result, import price attained the peak level of $140 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
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 Jordan ($192 per unit), while the price for Djibouti ($51 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sheep; Live Price in Saudi Arabia (FOB) - 2022
In 2022, the average sheep; live export price amounted to $106 per unit, falling by -18.9% against the previous year. Overall, the export price, however, showed a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 75%. As a result, the export price reached the peak level of $177 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($107 per unit), while the average price for exports to the United Arab Emirates amounted to $49 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sheep; Live Imports in Saudi Arabia
In 2022, the amount of sheep; live imported into Saudi Arabia reduced to 3.3M units, which is down by -9% on the previous year. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at 5.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, sheep; live imports declined to $443M in 2022. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked at $636M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Sheep; Live in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 433 | 136 | 228 | 240 | -17.9% |
| Romania | 53.4 | 111 | 83.9 | 77.0 | 13.0% |
| Jordan | 89.6 | 90.1 | 71.4 | 75.6 | -5.5% |
| Georgia | 5.5 | 17.1 | 23.3 | 21.4 | 57.3% |
| Somalia | 39.4 | 9.5 | 17.2 | 19.9 | -20.4% |
| Djibouti | 15.7 | 4.9 | 9.7 | 9.1 | -16.6% |
| Spain | N/A | 41.9 | 26.9 | N/A | -35.8% |
| Others | 0.2 | 9.9 | 5.9 | 0.5 | 35.7% |
| Total | 636 | 420 | 466 | 443 | -11.4% |
Top Suppliers of Sheep; Live to Saudi Arabia in 2022:
- Sudan (1797.9K units)
- Romania (497.3K units)
- Jordan (393.7K units)
- Somalia (286.3K units)
- Georgia (184.3K units)
- Djibouti (178.7K units)
Sheep; Live Exports in Saudi Arabia
In 2022, approx. 261K units of sheep; live were exported from Saudi Arabia; growing by 48% compared with 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 140% against the previous year. As a result, the exports reached the peak of 339K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sheep; live exports soared to $28M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $32M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sheep; Live in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 20.9 | 31.8 | 22.2 | 27.5 | 9.6% |
| United Arab Emirates | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.5 | 0.7 | N/A | 164.6% |
| Total | 21.1 | 32.3 | 23.1 | 27.7 | 9.5% |
Top Export Markets for Sheep; Live from Saudi Arabia in 2022:
- Kuwait (256.7K units)
- United Arab Emirates (4.7K units)
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