Bovine Animals; Live Price in Tanzania - 2022
Contents:
- Bovine Animals; Live Price in Tanzania (FOB) - 2022
- Bovine Animals; Live Price in Tanzania (CIF) - 2022
- Bovine Animals; Live Exports in Tanzania
- Bovine Animals; Live Imports in Tanzania
Bovine Animals; Live Price in Tanzania (FOB) - 2022
The average bovine animals; live export price stood at $864 per unit in 2022, surging by 7.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 52% against the previous year. Over the period under review, the average export prices attained the maximum at $1,112 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Kenya ($1,357 per unit), while the average price for exports to Comoros ($294 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+3.6%), while the prices for the other major destinations experienced a decline.
Bovine Animals; Live Price in Tanzania (CIF) - 2022
The average bovine animals; live import price stood at $1,597 per unit in 2022, growing by 38% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live import price increased by +97.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51% against the previous year. The import price peaked at $1,989 per unit in 2015; however, from 2016 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 South Africa ($1,743 per unit), while the price for Kenya amounted to $1,055 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+21.3%), while the prices for the other major suppliers experienced a decline.
Bovine Animals; Live Exports in Tanzania
In 2022, the amount of bovine animals; lives exported from Tanzania fell dramatically to 4.8K units, waning by -48.1% against 2021 figures. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports reached the peak figure at 20K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bovine animals; live exports declined rapidly to $4.2M in 2022. Overall, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. The exports peaked at $12M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Bovine Animals; Live in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 11.3 | 4.8 | 7.2 | 3.5 | -32.3% |
| Comoros | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Democratic Republic of the Congo | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.5 | 4.9 | 7.5 | 4.2 | -28.5% |
Top Export Markets for Bovine Animals; Live from Tanzania in 2022:
- Kenya (2.6K units)
- Comoros (1.3K units)
- Democratic Republic of the Congo (0.9K units)
Bovine Animals; Live Imports in Tanzania
In 2022, after three years of growth, there was significant decline in overseas purchases of bovine animals; lives, when their volume decreased by -5.7% to 591 units. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 225% against the previous year. Imports peaked at 627 units in 2021, and then fell in the following year.
In value terms, bovine animals; live imports surged to $944K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Bovine Animals; Live in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 154 | 389 | 624 | 814 | 74.2% |
| Kenya | 60.1 | 76.8 | 89.0 | 130 | 29.3% |
| United Kingdom | 3.3 | N/A | 0.2 | N/A | -75.4% |
| Others | 2.7 | 18.6 | 14.4 | 0.2 | -58.0% |
| Total | 220 | 484 | 727 | 944 | 62.5% |
Top Suppliers of Bovine Animals; Live to Tanzania in 2022:
- South Africa (467.0 units)
- Kenya (123.0 units)
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