Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia - 2022
Contents:
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
- Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
- Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
- Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
In 2022, the average export price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $5,861 per ton, surging by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($6,139 per ton) and the United Arab Emirates ($6,014 per ton), while the average price for exports to Kuwait ($4,936 per ton) and Qatar ($5,453 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 the United Arab Emirates (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
In 2022, the average import price for fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses amounted to $8,884 per ton, with an increase of 105% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $9,333 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -0.4% per year.
Exports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
Exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses from Ethiopia soared to 690 tons in 2022, picking up by 26% against the year before. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses skyrocketed to $4M in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,514 | 915 | 1,616 | 1,638 | 2.7% |
| Saudi Arabia | 815 | 996 | 649 | 1,242 | 15.1% |
| Qatar | 19.1 | 18.2 | 582 | 1,049 | 280.1% |
| Kuwait | 51.3 | 74.2 | 73.9 | 103 | 26.2% |
| Others | 87.6 | 94.8 | 27.2 | 13.9 | -45.9% |
| Total | 2,487 | 2,097 | 2,948 | 4,046 | 17.6% |
Top Export Markets for Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Ethiopia in 2022:
- United Arab Emirates (272.3 tons)
- Saudi Arabia (202.3 tons)
- Qatar (192.3 tons)
- Kuwait (20.9 tons)
Imports of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
After three years of growth, purchases abroad of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses decreased by -52.3% to 900 kg in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 321%. As a result, imports attained the peak of 1.9 tons, and then fell sharply in the following year.
In value terms, imports of fresh or chilled sheep (excluding lamb) carcasses and half-carcasseses contracted to $8K in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 240% against the previous year. As a result, imports attained the peak of $8.2K, and then contracted modestly in the following year.
| Import of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.3 | 2.4 | 4.5 | 8.0 | 83.3% |
| United Arab Emirates | N/A | N/A | 3.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 2.4 | 8.2 | 8.0 | 83.3% |
Top Suppliers of Fresh or Chilled Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Ethiopia in 2022:
- South Africa (900.0 kg)
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