Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (CIF) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,590 per ton, with a decrease of -45.5% against the previous year. Over the period under review, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2019 an increase of 97%. Over the period under review, average import prices hit record highs at $8,421 per ton in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($8,803 per ton), while the price for Saudi Arabia ($466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,849 per ton in 2022, approximately equating the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 62% against the previous year. The export price peaked at $8,066 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to +14.7% per year.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania
In 2022, approx. 121 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Tanzania; jumping by 76% compared with the year before. In general, imports, however, faced a abrupt downturn.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank slightly to $557K in 2022. Overall, imports, however, recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 1,225 | 346 | 574 | 526 | -24.6% |
| Saudi Arabia | N/A | N/A | N/A | 13.5 | 0% |
| United Arab Emirates | 42.6 | 13.5 | 4.5 | 13.5 | -31.8% |
| South Africa | 0.2 | 0.1 | 0.8 | 3.4 | 157.1% |
| Others | 0.7 | 0.2 | 0.4 | N/A | -24.4% |
| Total | 1,269 | 360 | 580 | 557 | -24.0% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Tanzania in 2022:
- Kenya (59.8 tons)
- Saudi Arabia (29.0 tons)
- United Arab Emirates (5.4 tons)
- South Africa (1.5 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania
In 2022, after two years of decline, there was decline in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume decreased by 0% to 100 kg. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat totaled $785 in 2022. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 23.8 | 36.1 | 73.2 | 0.8 | -67.7% |
| Mozambique | 28.8 | 35.1 | 69.1 | N/A | 54.9% |
| Others | -52.6 | -71.1 | -142.3 | N/A | 64.5% |
| Total | N/A | N/A | N/A | 0.8 | 0% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Tanzania in 2022:
- Oman (456.0 kg)
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