Price for Sheep and Goats; Live in Turkey - 2023

Contents:

1. Price for Sheep and Goats; Live in Turkey (FOB) - 2022
2. Price for Sheep and Goats; Live in Turkey (CIF) - 2023
3. Exports of Sheep and Goats; Live in Turkey
4. Imports of Sheep and Goats; Live in Turkey

Price for Sheep and Goats; Live in Turkey (FOB) - 2022

In 2022, the average sheep and goats; live export price amounted to $118 per unit, with a decrease of -16.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $282 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($135 per unit) and Kuwait ($120 per unit), while the average price for exports to Iraq ($113 per unit) and Qatar ($118 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+2.1%), while the prices for the other major destinations experienced a decline.

Price for Sheep and Goats; Live in Turkey (CIF) - 2023

In September 2023, the average sheep and goats; live import price amounted to $49.0 per unit, dropping by -17.3% against the previous month. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 472% m-o-m. As a result, import price attained the peak level of $441 per unit. From August 2023 to September 2023, the average import prices remained at a lower figure.

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

From September 2022 to September 2023, the rate of growth in terms of prices for Bulgaria amounted to +2.0% per month.

Exports of Sheep and Goats; Live in Turkey

In 2022, approx. 542K units of sheep and goats; live were exported from Turkey; with an increase of 106% on the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goats; live exports skyrocketed to $64M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sheep and Goats; Live from Turkey in 2022:

1. Iraq (302.6K units)
2. Qatar (99.2K units)
3. Kuwait (77.3K units)
4. Lebanon (58.6K units)

Imports of Sheep and Goats; Live in Turkey

In 2022, the amount of sheep and goats; live imported into Turkey declined rapidly to 16K units, dropping by -54.6% compared with the previous year's figure. In general, imports showed a sharp contraction. The smallest decline of -13.6% was in 2020. Imports peaked at 83K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sheep and goats; live imports shrank markedly to $4.2M in 2022. Overall, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 2.6% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Sheep and Goats; Live to Turkey in 2022:

1. Bulgaria (10.2K units)
2. Syrian Arab Republic (3.5K units)
3. Hungary (2.0K units)
4. Romania (0.3K units)

Source: IndexBox Market Intelligence Platform