Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $8,873 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 99% against the previous year. As a result, import price reached the peak level of $10,745 per ton. From 2021 to 2022, the average 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 Belgium ($10,189 per ton), while the price for China ($976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $7,402 per ton in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($6,832 per ton), while the average price for exports to Rwanda ($1,374 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 Senegal (+8.4%), while the prices for the other major destinations experienced a decline.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda
In 2022, overseas purchases of fresh or chilled boneless cuts of bovine meat decreased by -49% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 81%. As a result, imports reached the peak of 3 tons, and then declined significantly in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat dropped sharply to $14K in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 248% against the previous year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 58.5 | 13.3 | 16.7 | 18.0 | -32.5% |
| Belgium | 2.6 | 3.4 | 6.4 | 1.1 | -24.9% |
| United States | 5.1 | 4.5 | 6.1 | 1.0 | -41.9% |
| China | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| South Africa | 2.5 | 1.1 | 0.4 | N/A | -60.0% |
| Others | -63.7 | -4.6 | -2.8 | -6.6 | -53.0% |
| Total | 5.1 | 17.9 | 27.1 | 13.7 | 39.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Uganda in 2022:
- Italy (1783.0 kg)
- United States (116.0 kg)
- Belgium (106.0 kg)
- China (41.0 kg)
- South Africa (4.0 kg)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda
For the third consecutive year, Uganda recorded decline in overseas shipments of fresh or chilled boneless cuts of bovine meat, which decreased by -16% to 246 kg in 2022. In general, exports continue to indicate a deep setback. The smallest decline of -8.3% was in 2020.
In value terms, exports of fresh or chilled boneless cuts of bovine meat fell modestly to $1.8K in 2022. Overall, exports recorded a perceptible descent. The smallest decline of -2.3% was in 2020.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 33.5 | 17.5 | 18.6 | 21.1 | -14.3% |
| Austria | 6.7 | 3.0 | 2.6 | 2.5 | -28.0% |
| South Sudan | 4.5 | 6.5 | 4.1 | 2.4 | -18.9% |
| Rwanda | 2.3 | 1.2 | 1.3 | 1.5 | -13.3% |
| Others | -45.0 | -26.2 | -24.8 | -25.6 | -17.1% |
| Total | 2.0 | 2.0 | 1.9 | 1.8 | -3.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Uganda in 2022:
- Democratic Republic of the Congo (3.1 tons)
- South Sudan (1.5 tons)
- Rwanda (1.1 tons)
- Austria (0.5 tons)
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