Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (FOB) - 2022
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (FOB) - 2022
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,089 per ton in 2022, dropping by -22.5% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 43%. The export price peaked at $8,446 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: 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 ($4,590 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 Tanzania (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -94.1% to 16 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, the exports reached the peak of 279 tons, and then declined dramatically in the following year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank markedly to $84K in 2022. Over the period under review, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 152%. As a result, the exports reached the peak of $1.8M, and then contracted remarkably in the following year.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 195 | 577 | 1,382 | 63.3 | -31.3% |
| Rwanda | 1.1 | 2.2 | 1.6 | 17.2 | 150.1% |
| Kuwait | 6.5 | 15.3 | 62.1 | 3.1 | -21.9% |
| Tanzania | 75.2 | 95.0 | 246 | N/A | 80.9% |
| Others | 22.8 | 36.6 | 141 | 0.2 | -79.4% |
| Total | 300 | 726 | 1,832 | 83.8 | -34.6% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Kenya in 2022:
- United Arab Emirates (13.8 tons)
- Rwanda (2.0 tons)
- Kuwait (0.6 tons)
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