Price for Frozen Lamb Carcasses and Half-Carcasses in Ethiopia - 2022
Contents:
- Price for Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
- Price for Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
- Imports of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia
- Exports of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia
Price for Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
The average import price for frozen lamb carcasses and half-carcasseses stood at $6,444 per ton in 2022, dropping by -38.4% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 61%. The import price peaked at $14,824 per ton in 2016; however, from 2017 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 Australia amounted to +3.1% per year.
Price for Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
In 2022, the average export price for frozen lamb carcasses and half-carcasseses amounted to $6,081 per ton, approximately equating the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lamb carcasses and half-carcasses export price increased by +71.4% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure 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 the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +7.4% per year.
Imports of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia
In 2022, the amount of frozen lamb carcasses and half-carcasseses imported into Ethiopia soared to 1.9 tons, with an increase of 56% against 2021. Over the period under review, imports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 82%.
In value terms, frozen lamb carcasses and half-carcasses imports contracted slightly to $12K in 2022. In general, imports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
Import of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | N/A | N/A | 2.2 | 12.4 | 463.6% |
United States | 9.8 | 7.4 | 9.3 | N/A | -2.6% |
United Arab Emirates | 43.6 | N/A | N/A | N/A | 0% |
Australia | 1.4 | 1.0 | 1.3 | N/A | -3.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 54.8 | 8.4 | 12.9 | 12.4 | -39.1% |
Top Suppliers of Frozen Lamb Carcasses and Half-Carcasses to Ethiopia in 2022:
- South Africa (1.9 tons)
Exports of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia
In 2022, shipments abroad of frozen lamb carcasses and half-carcasseses decreased by -74.5% to 676 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 82%.
In value terms, frozen lamb carcasses and half-carcasses exports reduced markedly to $4.1K in 2022. Over the period under review, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 131% against the previous year.
Export of Frozen Lamb Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 9.8 | N/A | 4.1 | -35.3% |
Kuwait | 2.5 | 0.2 | 4.1 | N/A | 28.1% |
Saudi Arabia | N/A | N/A | 4.9 | N/A | 0% |
Bahrain | 1.9 | 0.2 | 7.0 | N/A | 91.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 4.4 | 10.3 | 16.1 | 4.1 | -2.3% |
Top Export Markets for Frozen Lamb Carcasses and Half-Carcasses from Ethiopia in 2022:
- United Arab Emirates (676.0 kg)
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