Price for Frozen Boneless Cuts of Bovine Meat in Cameroon - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Cameroon (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Cameroon (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Cameroon
- Imports of Frozen Boneless Cuts of Bovine Meat in Cameroon
Price for Frozen Boneless Cuts of Bovine Meat in Cameroon (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $8,586 per ton, with an increase of 37% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Central African Republic.
From 2012 to 2022, the rate of growth in terms of prices for Central African Republic amounted to +6.5% per year.
Price for Frozen Boneless Cuts of Bovine Meat in Cameroon (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $1,477 per ton, with an increase of 28% against the previous year. In general, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 127% against the previous year. Over the period under review, average import prices reached the maximum at $7,261 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($12,053 per ton), while the price for India ($1,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Frozen Boneless Cuts of Bovine Meat in Cameroon
For the fourth consecutive year, Cameroon recorded growth in shipments abroad of frozen boneless cuts of bovine meat, which increased by 13% to 449 tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of frozen boneless cuts of bovine meat surged to $3.9M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | 1.2 | 2.0 | 2.5 | 2.2 | 22.4% |
| Others | N/A | N/A | N/A | 1.6 | 0% |
| Total | 1.2 | 2.0 | 2.5 | 3.9 | 48.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Cameroon in 2022:
- Central African Republic (350.3 tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Cameroon
Imports of frozen boneless cuts of bovine meat into Cameroon amounted to 60 tons in 2022, with an increase of 4.5% against 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 762%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat surged to $89K in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 331% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.0 | 6.3 | 25.9 | 15.9 | -8.9% |
| Brazil | 5.0 | 4.7 | 13.2 | 8.3 | 18.4% |
| Germany | 3.0 | 1.7 | 10.0 | 5.5 | 22.4% |
| Netherlands | 2.0 | 1.2 | 7.1 | 4.1 | 27.0% |
| France | 0.2 | 0.2 | 3.3 | 1.7 | 104.1% |
| Others | 2.5 | 1.3 | 7.1 | 53.7 | 178.0% |
| Total | 33.7 | 15.5 | 66.6 | 89.2 | 38.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Cameroon in 2022:
- India (12.1 tons)
- Brazil (6.0 tons)
- Netherlands (1.1 tons)
- France (0.9 tons)
- Germany (0.5 tons)
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