Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (FOB) - 2022
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (CIF) - 2022
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (FOB) - 2022
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,091 per ton in 2022, approximately equating the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +55.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +13.3% per year.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (CIF) - 2022
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,290 per ton in 2022, rising by 9.8% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 62%. Over the period under review, average import prices attained the peak figure at $9,684 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +213.0% per year.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Ethiopia fell significantly to 241 kg, with a decrease of 99.9% compared with the previous year. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 13,441% against the previous year. As a result, the exports attained the peak of 598 tons, and then shrank notably in the following year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined sharply to $1.5K in 2022. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 20,878%. As a result, the exports attained the peak of $3.6M, and then dropped dramatically in the following year.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,090 | 15.2 | 1,719 | 1.5 | -91.0% |
| Qatar | 88.6 | 2.0 | 1,836 | N/A | 355.2% |
| Others | 13.8 | 0.1 | 71.8 | N/A | 128.1% |
| Total | 2,192 | 17.3 | 3,627 | 1.5 | -91.2% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Ethiopia in 2022:
- United Arab Emirates (241.0 kg)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia
After two years of decline, purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 182% to 62 kg in 2022. In general, imports, however, recorded a sharp shrinkage.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $328 in 2022. Overall, imports, however, saw a dramatic slump.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 0.3 | 0% |
| United Arab Emirates | 0.6 | 0.3 | 0.1 | N/A | -59.2% |
| United States | 54.9 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 55.6 | 0.3 | 0.1 | 0.3 | -82.5% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Ethiopia in 2022:
- China (62.0 kg)
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