Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $17,612 per ton, jumping by 67% against the previous year. Overall, the import price showed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 198%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($12,375 per ton), while the price for Australia amounted to $2,091 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $2,946 per ton in 2022, with a decrease of -6.3% against the previous year. Overall, the export price showed a precipitous setback. Over the period under review, the average export prices attained the maximum at $7,780 per ton in 2019; however, from 2020 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 Maldives.
From 2019 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +4.1% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka
In 2022, overseas purchases of fresh or chilled boneless cuts of bovine meat decreased by -82.3% to 2.4 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 2,192% against the previous year. As a result, imports reached the peak of 39 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fresh or chilled boneless cuts of bovine meat shrank notably to $43K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 6,740%. As a result, imports reached the peak of $246K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.1 | 3.3 | 0.5 | 4.3 | 27.0% |
| United Arab Emirates | 1.2 | 1.3 | 0.2 | 0.2 | -45.0% |
| France | N/A | N/A | 1.2 | N/A | 0% |
| Others | 0.3 | 241 | 142 | 38.1 | 402.7% |
| Total | 3.6 | 246 | 144 | 42.6 | 127.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Sri Lanka in 2022:
- Australia (2049.0 kg)
- United Arab Emirates (16.0 kg)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka
In 2022, after two years of decline, there was significant growth in overseas shipments of fresh or chilled boneless cuts of bovine meat, when their volume increased by 89% to 3 tons. In general, exports, however, continue to indicate a abrupt decrease.
In value terms, exports of fresh or chilled boneless cuts of bovine meat surged to $8.8K in 2022. Over the period under review, exports, however, saw a dramatic descent.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 3.2 | 0.6 | 4.1 | 2.8 | -4.4% |
| Hong Kong SAR | 0.2 | N/A | 0.8 | N/A | 100.0% |
| Others | 27.7 | 16.3 | N/A | 6.0 | -39.9% |
| Total | 31.2 | 16.9 | 5.0 | 8.8 | -34.4% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Sri Lanka in 2022:
- Maldives (0.9 tons)
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