Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya (FOB) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $5,890 per ton, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 65% against the previous year. As a result, the export price reached the peak level of $8,218 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($5,592 per ton), while the average price for exports to Kuwait amounted to $4,899 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-1.3%), while the prices for the other major destinations experienced a decline.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya
In 2022, overseas shipments of fresh or chilled boneless cuts of bovine meat decreased by -99.6% to 2 tons, falling for the second year in a row after two years of growth. In general, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 266%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of fresh or chilled boneless cuts of bovine meat shrank rapidly to $12K in 2022. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2020 when exports increased by 276% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | N/A | N/A | N/A | N/A | 0% |
| Saudi Arabia | 3.6 | 13.7 | 3.1 | N/A | -7.2% |
| Kuwait | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.6 | 13.7 | 3.3 | N/A | -4.3% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Kenya in 2022:
- Somalia (630.0 kg)
- Kuwait (525.0 kg)
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