Price for Meat of Bovine Animals; Fresh or Chilled in Kenya - 2022

Contents:

1. Price for Meat of Bovine Animals; Fresh or Chilled in Kenya (FOB) - 2022
2. Price for Meat of Bovine Animals; Fresh or Chilled in Kenya (CIF) - 2022
3. Exports of Meat of Bovine Animals; Fresh or Chilled in Kenya
4. Imports of Meat of Bovine Animals; Fresh or Chilled in Kenya

Price for Meat of Bovine Animals; Fresh or Chilled in Kenya (FOB) - 2022

The average export price for meat of bovine animals; fresh or chilled stood at $5,258 per ton in 2022, which is down by -15.1% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,890 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($8,587 per ton), while the average price for exports to the United Arab Emirates ($4,643 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 Sudan (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Meat of Bovine Animals; Fresh or Chilled in Kenya (CIF) - 2022

In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $2,889 per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 112%. The import price peaked at $9,559 per ton in 2017; however, from 2018 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 the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for South Africa amounted to +27.7% per year.

Exports of Meat of Bovine Animals; Fresh or Chilled in Kenya

In 2022, shipments abroad of meat of bovine animals; fresh or chilled decreased by -93.1% to 67 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 14%.

In value terms, exports of meat of bovine animals; fresh or chilled declined remarkably to $351K in 2022. Over the period under review, exports faced a dramatic setback. The pace of growth was the most pronounced in 2020 when exports increased by 12% against the previous year.

Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Kenya in 2022:

1. Kuwait (40.9 tons)
2. United Arab Emirates (16.7 tons)
3. Saudi Arabia (3.8 tons)
4. Rwanda (2.0 tons)

Imports of Meat of Bovine Animals; Fresh or Chilled in Kenya

For the third consecutive year, Kenya recorded decline in supplies from abroad of meat of bovine animals; fresh or chilled, which decreased by 0% to 18 kg in 2022. In general, imports continue to indicate a sharp curtailment. The smallest decline of -89.7% was in 2020.

In value terms, imports of meat of bovine animals; fresh or chilled totaled $52 in 2022. Overall, imports faced a sharp downturn. The smallest decline of -92.8% was in 2020.

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Kenya in 2022:

1. United Arab Emirates (18.0 kg)

Source: IndexBox Market Intelligence Platform