Ethiopia - Prepared or Preserved Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Prepared or Preserved Meat in Ethiopia - 2022
Contents:
- Price for Prepared or Preserved Meat in Ethiopia (CIF) - 2022
- Price for Prepared or Preserved Meat in Ethiopia (FOB) - 2022
- Imports of Prepared or Preserved Meat in Ethiopia
- Exports of Prepared or Preserved Meat in Ethiopia
Price for Prepared or Preserved Meat in Ethiopia (CIF) - 2022
In 2022, the average prepared or preserved meat import price amounted to $2,354 per ton, rising by 3.8% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 51%. Over the period under review, average import prices hit record highs at $4,134 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($9,735 per ton), while the price for China ($1,550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Prepared or Preserved Meat in Ethiopia (FOB) - 2022
The average prepared or preserved meat export price stood at $3,339 per ton in 2022, increasing by 20% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared or preserved meat export price increased by +180.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,502 per ton), while the average price for exports to Djibouti totaled $3,167 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.5%).
Imports of Prepared or Preserved Meat in Ethiopia
In 2022, approx. 169 tons of prepared or preserved meat were imported into Ethiopia; increasing by 6.4% on 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year.
In value terms, prepared or preserved meat imports rose notably to $397K in 2022. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.
Import of Prepared or Preserved Meat in Ethiopia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 127 | 40.3 | 53.5 | 164 | 8.9% |
United Arab Emirates | 64.9 | 92.4 | 158 | 79.6 | 7.0% |
Denmark | 0.4 | 0.3 | 0.1 | 42.0 | 371.8% |
Saudi Arabia | 20.3 | 10.8 | 2.1 | 29.6 | 13.4% |
Italy | 11.1 | 10.2 | 9.8 | 26.3 | 33.3% |
China | 11.4 | 6.7 | 5.3 | 24.3 | 28.7% |
Spain | 1.1 | 0.3 | 0.8 | 8.3 | 96.1% |
Turkey | 11.8 | 6.4 | 2.6 | 3.7 | -32.1% |
Belgium | 86.4 | 27.7 | 32.4 | 0.1 | -89.5% |
Thailand | 15.9 | 17.6 | 14.6 | N/A | -4.2% |
Canada | 7.6 | 8.6 | 6.0 | N/A | -11.1% |
Others | 182 | 95.7 | 75.1 | 19.6 | -52.4% |
Total | 539 | 317 | 360 | 397 | -9.7% |
Top Suppliers of Prepared or Preserved Meat to Ethiopia in 2022:
- Belgium (undefined tons)
- United States (98.0 tons)
- United Arab Emirates (30.0 tons)
- China (15.7 tons)
- Denmark (10.7 tons)
- Italy (5.7 tons)
- Saudi Arabia (3.0 tons)
- Spain (2.6 tons)
- Turkey (1.3 tons)
Exports of Prepared or Preserved Meat in Ethiopia
For the third year in a row, Ethiopia recorded decline in shipments abroad of prepared or preserved meat, which decreased by -5% to 16 tons in 2022. Overall, exports showed a deep slump.
In value terms, prepared or preserved meat exports rose sharply to $53K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 23%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Export of Prepared or Preserved Meat in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Djibouti | 0.8 | 2.8 | 14.9 | 26.1 | 219.5% |
Hong Kong SAR | 30.6 | 35.8 | 30.6 | 26.0 | -5.3% |
Others | 0.4 | 0.5 | 1.0 | 0.8 | 26.0% |
Total | 31.8 | 39.1 | 46.4 | 52.9 | 18.5% |
Top Export Markets for Prepared or Preserved Meat from Ethiopia in 2022:
- Djibouti (8.3 tons)
- Hong Kong SAR (7.4 tons)
This report provides an in-depth analysis of the market for prepared or preserved meat in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
- Prodcom 10851100 - Prepared meals and dishes based on meat, meat offal or blood
- Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
- Prodcom 100000Z1 - Prepared and preserved meat, meat offal or blood, including prepared meat and offal dishes
- Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
- Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
- Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
- Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
- Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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