Price for Meat of Bovine Animals; Frozen in Ethiopia - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Ethiopia (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Ethiopia (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Ethiopia
- Exports of Meat of Bovine Animals; Frozen in Ethiopia
Price for Meat of Bovine Animals; Frozen in Ethiopia (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $12,623 per ton, growing by 145% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($13,281 per ton), while the price for the United States totaled $10,616 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Ethiopia (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,096 per ton, surging by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,776 per ton), while the average price for exports to Vietnam ($2,987 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 Qatar (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Ethiopia
In 2022, approx. 7.3 tons of meat of bovine animals; frozen were imported into Ethiopia; shrinking by -60.6% against 2021. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, imports reached the peak of 19 tons, and then fell markedly in the following year.
In value terms, meat of bovine animals; frozen imports dropped modestly to $93K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $96K, and then fell slightly in the following year.
Import of Meat of Bovine Animals; Frozen in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 6.3 | 1.5 | 8.0 | 74.5 | 127.8% |
United States | 6.7 | 8.5 | 27.8 | 18.1 | 39.3% |
Kenya | 3.7 | 3.0 | 13.1 | N/A | 88.2% |
United Arab Emirates | 1.3 | 6.7 | 2.7 | N/A | 44.1% |
Saudi Arabia | 4.1 | 3.2 | 12.2 | N/A | 72.5% |
Turkey | 27.0 | 17.8 | 21.6 | N/A | -10.6% |
Brazil | 0.1 | 0.4 | 8.3 | N/A | 811.0% |
Others | 1.1 | 1.6 | 2.3 | N/A | 44.6% |
Total | 50.3 | 42.7 | 96.0 | 92.6 | 22.6% |
Top Suppliers of Meat of Bovine Animals; Frozen to Ethiopia in 2022:
- South Africa (5.6 tons)
- United States (1.7 tons)
Exports of Meat of Bovine Animals; Frozen in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas shipments of meat of bovine animals; frozen, which decreased by -34.5% to 19 tons in 2022. In general, exports recorded a sharp downturn.
In value terms, meat of bovine animals; frozen exports dropped to $79K in 2022. Over the period under review, exports faced a dramatic contraction.
Export of Meat of Bovine Animals; Frozen in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 32.2 | 6.4 | 2.0 | 53.2 | 18.2% |
United Arab Emirates | 1,281 | 71.7 | 15.4 | 21.7 | -74.3% |
Vietnam | 11.2 | 2.4 | 0.3 | 3.8 | -30.3% |
Comoros | 201 | 54.0 | 11.4 | N/A | -76.2% |
Kuwait | 291 | 88.0 | 20.8 | N/A | -73.3% |
Bahrain | 521 | 167 | 40.9 | N/A | -72.0% |
Others | 43.9 | 1.6 | 1.8 | 0.8 | -73.7% |
Total | 2,381 | 391 | 92.5 | 79.5 | -67.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Ethiopia in 2022:
- Qatar (14.3 tons)
- United Arab Emirates (3.8 tons)
- Vietnam (1.3 tons)
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