Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (FOB) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (CIF) - 2022
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $6,119 per ton in 2022, with an increase of 9.6% against the previous year. Over the period from 2012 to 2022, 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($6,321 per ton), while the average price for exports to Qatar ($5,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $9,397 per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 61%. As a result, import price attained the peak level of $11,950 per ton. From 2014 to 2022, the average import prices remained at a 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 Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen exported from Ethiopia fell to 14K tons, shrinking by -10.9% against 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of 16K tons, and then dropped in the following year.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen declined to $88M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports reached the peak of $91M, and then fell slightly in the following year.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 43.4 | 36.1 | 57.0 | 48.7 | 3.9% |
Saudi Arabia | 26.6 | 26.8 | 29.6 | 34.3 | 8.8% |
Qatar | N/A | 0.1 | 3.2 | 4.8 | 592.8% |
Others | 2.6 | 1.3 | 0.6 | 0.5 | -42.3% |
Total | 72.7 | 64.3 | 90.5 | 88.4 | 6.7% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Ethiopia in 2022:
- United Arab Emirates (8.0K tons)
- Saudi Arabia (5.4K tons)
- Qatar (0.9K tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in purchases abroad of meat of sheep or goats; fresh, chilled or frozen, which increased by 13% to 4.5 tons in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $42K in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 5.7 | 11.3 | 32.6 | 42.2 | 94.9% |
United Arab Emirates | 10.7 | 9.2 | 1.0 | N/A | -69.4% |
Others | 0.9 | 1.3 | 0.1 | N/A | -66.7% |
Total | 17.4 | 21.7 | 33.7 | 42.2 | 34.4% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Ethiopia in 2022:
- South Africa (4.5 tons)
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