Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia - 2022
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (FOB) - 2022
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (CIF) - 2022
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (FOB) - 2022
The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,159 per ton in 2022, waning by -12.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 an increase of 17%. The export price peaked at $4,749 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($6,340 per ton), while the average price for exports to Qatar ($3,631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (CIF) - 2022
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $15,783 per ton in 2022, surging by 82% against the previous year. In general, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, 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 the United Arab Emirates amounted to +15.6% per year.
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia
In 2022, approx. 142 tons of fresh or chilled carcasses and half-carcasses of bovine meat were exported from Ethiopia; declining by -42.7% against the previous year. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 714%. As a result, the exports attained the peak of 247 tons, and then dropped notably in the following year.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat dropped notably to $589K in 2022. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 808%. As a result, the exports reached the peak of $1.2M, and then shrank sharply in the following year.
Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 305 | 20.0 | 539 | 366 | 6.3% |
United Arab Emirates | 82.5 | 38.2 | 384 | 158 | 24.2% |
Saudi Arabia | 14.5 | 7.8 | 9.2 | 46.9 | 47.9% |
Kuwait | 45.1 | 8.0 | 4.5 | 18.6 | -25.6% |
Cameroon | 31.1 | N/A | N/A | N/A | 0% |
Oman | 107 | 28.8 | 98.3 | N/A | -4.2% |
Bahrain | 72.1 | 26.5 | 140 | N/A | 39.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 657 | 129 | 1,174 | 589 | -3.6% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Ethiopia in 2022:
- Qatar (100.8 tons)
- United Arab Emirates (28.7 tons)
- Saudi Arabia (7.4 tons)
- Kuwait (4.8 tons)
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia
In 2022, approx. 1.1 tons of fresh or chilled carcasses and half-carcasses of bovine meat were imported into Ethiopia; increasing by 65% against the previous year's figure. Overall, total imports indicated a significant expansion from 2021 to 2022: its volume increased at an average annual rate of +65.1% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat soared to $17K in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
United Arab Emirates | N/A | 17.2 | 0% | ||
South Africa | 5.7 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 5.7 | 17.2 | 201.8% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Ethiopia in 2022:
- United Arab Emirates (1090.0 kg)
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