Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $6,676 per ton in 2022, picking up by 7% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 89%. Over the period under review, average import prices hit record highs at $10,204 per ton in 2018; however, from 2019 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 South Africa.
From 2013 to 2022, the rate of growth in terms of prices for South Africa amounted to -3.3% per year.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $4,143 per ton in 2022, with a decrease of -5.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11%. Over the period under review, the average export prices attained the maximum at $4,538 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.1% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia
Imports of fresh or chilled boneless cuts of bovine meat into Ethiopia surged to 2.8 tons in 2022, with an increase of 11,040% compared with 2021 figures. Over the period under review, imports posted significant growth.
In value terms, imports of fresh or chilled boneless cuts of bovine meat surged to $19K in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.0 | 11.6 | 0.2 | 18.6 | 165.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 11.6 | 0.2 | 18.6 | 165.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Ethiopia in 2022:
- South Africa (2.8 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia
In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Ethiopia skyrocketed to 1.5 tons, picking up by 275% compared with the previous year. Overall, exports, however, faced a sharp slump.
In value terms, exports of fresh or chilled boneless cuts of bovine meat soared to $6.2K in 2022. In general, exports, however, saw a sharp reduction.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | 9.4 | 1.7 | 6.2 | -18.8% | |
| Saudi Arabia | 1.2 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 10.6 | 1.7 | 6.2 | -23.5% | |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Ethiopia in 2022:
- United Arab Emirates (1.5 tons)
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