Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya - 2022

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya (FOB) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya (CIF) - 2022
3. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya
4. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,307 per ton in 2022, dropping by -20.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 50%. The export price peaked at $9,065 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($5,357 per ton) and Oman ($5,299 per ton), while the average price for exports to the United Arab Emirates ($4,892 per ton) and Saudi Arabia ($5,295 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+0.5%), while the prices for the other major destinations experienced a decline.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya (CIF) - 2022

In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $2,889 per ton, remaining constant against the previous year. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 a decrease of 99.9% against the previous year. The import price peaked at $3,461 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2017 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya

In 2022, shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -65.6% to 48 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 128%. As a result, the exports reached the peak of 300 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat fell markedly to $256K in 2022. Overall, exports faced a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 150% against the previous year. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Kenya in 2022:

1. Kuwait (39.8 tons)
2. Saudi Arabia (3.8 tons)
3. United Arab Emirates (2.9 tons)
4. Oman (0.8 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kenya

Imports of fresh or chilled carcasses and half-carcasses of bovine meat into Kenya totaled 18 kg in 2022, standing approx. at 2021. In general, imports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat totaled $52 in 2022. Over the period under review, imports saw a precipitous decline. The smallest decline of 99.9% was in 2021.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Kenya in 2022:

1. Tanzania (18.0 kg)

Source: IndexBox Market Intelligence Platform