Price for Meat of Bovine Animals; Fresh or Chilled in Ethiopia - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Ethiopia (FOB) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Ethiopia (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in Ethiopia
- Imports of Meat of Bovine Animals; Fresh or Chilled in Ethiopia
Price for Meat of Bovine Animals; Fresh or Chilled in Ethiopia (FOB) - 2022
In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $3,919 per ton, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2015 an increase of 27%. As a result, the export price attained the peak level of $5,168 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,503 per ton), while the average price for exports to Saudi Arabia ($2,894 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 Bahrain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Ethiopia (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $13,699 per ton in 2022, increasing by 114% against the previous year. Overall, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($15,775 per ton), while the price for China ($5,290 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.1%).
Exports of Meat of Bovine Animals; Fresh or Chilled in Ethiopia
In 2022, exports of meat of bovine animals; fresh or chilled from Ethiopia fell sharply to 151 tons, with a decrease of -50.7% on 2021. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 719% against the previous year. As a result, the exports attained the peak of 306 tons, and then fell significantly in the following year.
In value terms, exports of meat of bovine animals; fresh or chilled shrank markedly to $591K in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 584% against the previous year. As a result, the exports reached the peak of $1.1M, and then fell remarkably in the following year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 45.1 | 1.7 | 625 | 366 | 101.0% |
| United Arab Emirates | 595 | 154 | 421 | 159 | -35.6% |
| Saudi Arabia | N/A | 1.8 | 2.2 | 46.9 | 410.4% |
| Kuwait | 6.7 | N/A | 1.0 | 18.6 | 40.5% |
| Others | 10.7 | N/A | 25.6 | N/A | 54.7% |
| Total | 657 | 157 | 1,075 | 591 | -3.5% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Ethiopia in 2022:
- Qatar (100.8 tons)
- United Arab Emirates (28.9 tons)
- Saudi Arabia (16.2 tons)
- Kuwait (4.8 tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Ethiopia
In 2022, purchases abroad of meat of bovine animals; fresh or chilled decreased by -6.3% to 2.6 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 277% against the previous year.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $36K in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 186% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Meat of Bovine Animals; Fresh or Chilled in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.1 | 10.9 | 18.0 | 18.6 | 470.8% |
| United Arab Emirates | N/A | N/A | N/A | 17.2 | 0% |
| China | N/A | N/A | N/A | 0.3 | 0% |
| United States | 3.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 10.9 | 18.0 | 36.1 | 111.8% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Ethiopia in 2022:
- South Africa (1485.0 kg)
- United Arab Emirates (1090.0 kg)
- China (62.0 kg)
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