Price for Meat of Bovine Animals; Fresh or Chilled in Sri Lanka - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka
- Exports of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka
Price for Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $5,601 per ton, growing by 68% against the previous year. Overall, the import price continues to indicate notable growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 126% against the previous year. As a result, import price reached the peak level of $7,623 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
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 the United Arab Emirates ($6,272 per ton), while the price for Australia stood at $1,431 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+69.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $9,038 per ton in 2022, increasing by 7.3% against the previous year. Overall, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 74%. The export price peaked at $10,675 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($70,700 per ton), while the average price for exports to Ireland totaled $8,398 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka
In 2022, supplies from abroad of meat of bovine animals; fresh or chilled increased by 621% to 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep slump.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $63K in 2022. In general, imports, however, saw a pronounced shrinkage.
| Import of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 68.9 | 6.1 | 5.1 | 61.1 | -3.9% |
| Australia | 3.0 | 0.2 | N/A | 2.2 | -9.8% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 71.9 | 6.4 | 5.2 | 63.4 | -4.1% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Sri Lanka in 2022:
- United Arab Emirates (9.7 tons)
- Australia (1.6 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka
In 2022, shipments abroad of meat of bovine animals; fresh or chilled was finally on the rise to reach 973 kg after two years of decline. Over the period under review, exports, however, recorded a dramatic decline.
In value terms, exports of meat of bovine animals; fresh or chilled skyrocketed to $8.8K in 2022. In general, exports, however, faced a significant decrease.
| Export of Meat of Bovine Animals; Fresh or Chilled in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 37.4 | 57.5 | 4.8 | 8.1 | -39.9% |
| Maldives | 71.0 | 0.5 | 0.3 | 0.7 | -78.6% |
| Hong Kong SAR | 2.2 | N/A | 0.3 | N/A | -63.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 111 | 57.9 | 5.3 | 8.8 | -57.0% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Sri Lanka in 2022:
- Ireland (963.0 kg)
- Maldives (10.0 kg)
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