Sheep; Live Price in Thailand - 2023

Contents:

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

Sheep; Live Price in Thailand (CIF) - 2022

In 2022, the average sheep; live import price amounted to $89 per unit, increasing by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 466% against the previous year. The import price peaked at $862 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($325 per unit), while the price for Australia ($52 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+36.7%), while the prices for the other major suppliers experienced a decline.

Sheep; Live Price in Thailand (FOB) - 2022

In 2022, the average sheep; live export price amounted to $17 per unit, falling by -67.4% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by 70%. As a result, the export price attained the peak level of $230 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -11.0% per year.

Sheep; Live Imports in Thailand

Sheep; live imports into Thailand skyrocketed to 6.2K units in 2022, rising by 17% against the previous year's figure. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 258% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sheep; live imports soared to $547K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Sheep; Live to Thailand in 2022:

1. Myanmar (4.5K units)
2. Australia (0.9K units)
3. South Africa (0.8K units)

Sheep; Live Exports in Thailand

For the third year in a row, Thailand recorded growth in overseas shipments of sheep; live, which increased by 363% to 870 units in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 840% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sheep; live exports surged to $15K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 201% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. Lao People's Democratic Republic (861.0 units)

Source: IndexBox Market Intelligence Platform