Swine; Live Price in the United States - 2023

Contents:

1. Swine; Live Price in the United States (CIF) - 2023
2. Swine; Live Price in the United States (FOB) - 2023
3. Swine; Live Imports in the United States
4. Swine; Live Exports in the United States

Swine; Live Price in the United States (CIF) - 2023

The average swine; live import price stood at $67.4 per unit in September 2023, with a decrease of -5.6% against the previous month. Overall, the import price recorded a slight decrease. The pace of growth was the most pronounced in July 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices attained the maximum at $86.9 per unit in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From September 2022 to September 2023, the rate of growth in terms of prices for Canada amounted to -1.8% per month.

Swine; Live Price in the United States (FOB) - 2023

In September 2023, the average swine; live export price amounted to $199 per unit, which is down by -4.8% against the previous month. Overall, the export price saw a mild setback. The pace of growth was the most pronounced in February 2023 an increase of 216% against the previous month. The export price peaked at $693 per unit in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($2,102 per unit), while the average price for exports to Switzerland ($52.4 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Swine; Live Imports in the United States

In 2022, the amount of swine; live imported into the United States fell modestly to 6.5M units, waning by -2.7% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of 6.7M units, and then shrank in the following year.

In value terms, swine; live imports stood at $572M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 119% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Swine; Live to the United States in 2022:

1. Canada (6.5M units)

Swine; Live Exports in the United States

Swine; live exports from the United States contracted sharply to 47K units in 2022, declining by -15.8% on the previous year. In general, exports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 56K units, and then contracted markedly in the following year.

In value terms, swine; live exports reduced dramatically to $16M in 2022. Overall, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at $34M in 2021, and then contracted notably in the following year.

Top Export Markets for Swine; Live from the United States in 2022:

1. Mexico (15.2K units)
2. China (5.9K units)
3. Canada (4.2K units)
4. Belgium (2.1K units)
5. Nigeria (1.8K units)
6. Philippines (1.7K units)
7. Chile (1.6K units)
8. Australia (1.5K units)
9. Colombia (1.4K units)
10. Turkey (1.1K units)
11. Brazil (0.9K units)
12. Vietnam (0.9K units)
13. Guyana (0.8K units)

Source: IndexBox Market Intelligence Platform