Bovine Animals; Live Price in Ethiopia - 2022

Bovine Animals; Live Price in Ethiopia (FOB) - 2022

The average bovine animals; live export price stood at $1,195 per unit in 2022, jumping by 17% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live export price increased by +1.9% against 2019 indices. The growth pace was the most rapid in 2019 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Somalia ($1,255 per unit) and Djibouti ($1,252 per unit), while the average price for exports to Oman ($1,051 per unit) and Yemen ($1,231 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 Sudan (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bovine Animals; Live Price in Ethiopia (CIF) - 2022

In 2022, the average bovine animals; live import price amounted to $1,137 per unit, with a decrease of -59.9% against the previous year. In general, the import price saw a noticeable descent. The growth pace was the most rapid in 2013 when the average import price increased by 67%. Over the period under review, average import prices reached the maximum at $2,838 per unit in 2021, and then fell sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +10.4% per year.

Bovine Animals; Live Exports in Ethiopia

In 2022, shipments abroad of bovine animals; lives decreased by -57.7% to 4.4K units, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, the exports attained the peak of 22K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bovine animals; live exports reduced notably to $5.2M in 2022. Overall, exports continue to indicate a dramatic setback. The smallest decline of -1.4% was in 2020. Over the period under review, the exports reached the peak figure at $21M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Bovine Animals; Live in Ethiopia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Yemen	10.4	8.6	3.9	2.7	-36.2%
Somalia	6.9	7.8	2.1	1.2	-44.2%
Oman	N/A	0.4	0.7	1.0	58.1%
Djibouti	0.7	0.6	0.5	0.2	-34.1%
Jordan	1.5	1.5	1.3	N/A	-6.9%
Egypt	1.6	1.7	1.7	N/A	3.1%
Others	0.3	0.5	0.4	0.1	-30.7%
Total	21.4	21.1	10.5	5.2	-37.6%

Top Export Markets for Bovine Animals; Live from Ethiopia in 2022:

Yemen (2206.0 units)
Somalia (973.0 units)
Oman (952.0 units)
Djibouti (186.0 units)

Bovine Animals; Live Imports in Ethiopia

In 2022, overseas purchases of bovine animals; lives decreased by -98.9% to 4 units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 281%. As a result, imports attained the peak of 495 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bovine animals; live imports fell rapidly to $4.5K in 2022. In general, imports recorded a precipitous slump. The growth pace was the most rapid in 2020 when imports increased by 478% against the previous year. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports failed to regain momentum.