Price for Sheep and Goats; Live in South Africa - 2023
Contents:
- Price for Sheep and Goats; Live in South Africa (CIF) - 2023
- Price for Sheep and Goats; Live in South Africa (FOB) - 2022
- Imports of Sheep and Goats; Live in South Africa
- Exports of Sheep and Goats; Live in South Africa
Price for Sheep and Goats; Live in South Africa (CIF) - 2023
In September 2023, the average sheep and goats; live import price amounted to $57.0 per unit, falling by -5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 5.8% month-to-month. Over the period under review, average import prices hit record highs at $65.2 per unit in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Namibia.
From September 2022 to September 2023, the rate of growth in terms of prices for Namibia amounted to -0.6% per month.
Price for Sheep and Goats; Live in South Africa (FOB) - 2022
In 2022, the average sheep and goats; live export price amounted to $217 per unit, rising by 70% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goats; live export price increased by +78.4% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($512 per unit), while the average price for exports to the United Arab Emirates ($115 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 Kuwait (+70.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sheep and Goats; Live in South Africa
In 2022, sheep and goats; live imports into South Africa skyrocketed to 593K units, growing by 51% compared with the year before. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sheep and goats; live imports soared to $41M in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Sheep and Goats; Live in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 33.3 | 16.7 | 28.3 | 40.3 | 6.6% |
| Lesotho | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 33.8 | 16.8 | 28.5 | 40.7 | 6.4% |
Top Suppliers of Sheep and Goats; Live to South Africa in 2022:
- Namibia (581.6K units)
- Lesotho (9.8K units)
Exports of Sheep and Goats; Live in South Africa
In 2022, overseas shipments of sheep and goats; live decreased by -80.9% to 18K units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a dramatic contraction. The growth pace was the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports attained the peak of 164K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sheep and goats; live exports contracted sharply to $3.9M in 2022. Overall, exports recorded a sharp curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 79%. As a result, the exports attained the peak of $20M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sheep and Goats; Live in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 0.5 | 1.2 | 0.9 | 1.3 | 37.5% |
| Lesotho | 1.1 | 0.5 | 0.8 | 0.8 | -10.1% |
| Egypt | N/A | N/A | N/A | 0.2 | 0% |
| Zimbabwe | 0.1 | 0.3 | 0.5 | 0.2 | 26.0% |
| Nigeria | N/A | N/A | N/A | 0.2 | 0% |
| Ghana | N/A | N/A | N/A | 0.1 | 0% |
| Kuwait | 8.7 | 13.4 | 8.2 | 0.1 | -77.4% |
| United Arab Emirates | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.7 | 4.1 | 1.4 | 0.9 | 8.7% |
| Total | 11.0 | 19.7 | 11.9 | 3.9 | -29.2% |
Top Export Markets for Sheep and Goats; Live from South Africa in 2022:
- Mauritius (8.1K units)
- Lesotho (5.1K units)
- Nigeria (0.8K units)
- Zimbabwe (0.6K units)
- Egypt (0.4K units)
- United Arab Emirates (0.4K units)
- Ghana (0.3K units)
- Kuwait (0.3K units)
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