Price for Frozen Boneless Cuts of Bovine Meat in Kenya - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Kenya (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Kenya (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Kenya
- Imports of Frozen Boneless Cuts of Bovine Meat in Kenya
Price for Frozen Boneless Cuts of Bovine Meat in Kenya (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $4,830 per ton in 2022, rising by 4.3% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $5,159 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
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 Democratic Republic of the Congo ($5,946 per ton), while the average price for exports to Turkey ($1,257 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 Vietnam (+51.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Kenya (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $4,015 per ton in 2022, waning by -21.9% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 126%. As a result, import price reached the peak level of $7,276 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 South Africa ($5,899 per ton), while the price for Ethiopia ($226 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Kenya
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen boneless cuts of bovine meat, when their volume decreased by -23.5% to 661 tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 210% against the previous year. As a result, the exports attained the peak of 864 tons, and then fell dramatically in the following year.
In value terms, exports of frozen boneless cuts of bovine meat dropped notably to $3.2M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 200% against the previous year. As a result, the exports reached the peak of $4M, and then contracted dramatically in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 265 | 188 | 2,089 | 1,356 | 72.3% |
| Democratic Republic of the Congo | 166 | 428 | 1,000 | 1,145 | 90.4% |
| Somalia | 225 | 277 | 305 | 320 | 12.5% |
| Turkey | N/A | N/A | N/A | 75.4 | 0% |
| Congo | N/A | N/A | N/A | 69.8 | 0% |
| Saudi Arabia | 4.0 | 8.5 | 25.2 | 66.1 | 154.7% |
| United Arab Emirates | 9.6 | 13.2 | 16.2 | 56.8 | 80.9% |
| Hong Kong SAR | 17.7 | 60.1 | 116 | 12.5 | -10.9% |
| Oman | 91.9 | 130 | 166 | N/A | 34.4% |
| Others | 223 | 230 | 282 | 90.3 | -26.0% |
| Total | 1,002 | 1,335 | 4,000 | 3,191 | 47.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Kenya in 2022:
- South Sudan (279.1 tons)
- Democratic Republic of the Congo (192.5 tons)
- Turkey (60.0 tons)
- Somalia (58.4 tons)
- Saudi Arabia (23.0 tons)
- United Arab Emirates (12.4 tons)
- Congo (11.9 tons)
- Hong Kong SAR (8.2 tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Kenya
In 2022, imports of frozen boneless cuts of bovine meat into Kenya skyrocketed to 144 tons, increasing by 120% compared with the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 297% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $578K in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 331% against the previous year. As a result, imports attained the peak of $622K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Frozen Boneless Cuts of Bovine Meat in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 7.7 | 20.1 | 1.5 | 314 | 244.2% |
| Egypt | 25.7 | 140 | 83.5 | 254 | 114.6% |
| Ethiopia | N/A | N/A | N/A | 9.9 | 0% |
| United Arab Emirates | 75.9 | 441 | 220 | N/A | 70.3% |
| Others | 34.9 | 20.7 | 32.0 | N/A | -4.2% |
| Total | 144 | 622 | 337 | 578 | 58.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Kenya in 2022:
- South Africa (53.3 tons)
- Egypt (46.6 tons)
- Ethiopia (44.0 tons)
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