Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia - 2022
Contents:
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
- Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
- Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia
- Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
In 2022, the average export price for fresh or chilled lamb carcasses and half-carcasseses amounted to $5,939 per ton, with a decrease of -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. The export price peaked at $6,050 per ton in 2021, and then dropped slightly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($6,125 per ton) and the United Arab Emirates ($6,062 per ton), while the average price for exports to Qatar ($5,162 per ton) and Kuwait ($5,387 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (CIF) - 2022
In 2022, the average import price for fresh or chilled lamb carcasses and half-carcasseses amounted to $20,649 per ton, approximately equating the previous year. Over the period under review, the import price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 157%. As a result, import price reached the peak level of $28,222 per ton. From 2020 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 Australia ($22,000 per ton), while the price for South Africa totaled $7,714 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.0%).
Exports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia
Exports of fresh or chilled lamb carcasses and half-carcasseses from Ethiopia skyrocketed to 349 tons in 2022, growing by 125% on the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 947%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of fresh or chilled lamb carcasses and half-carcasseses soared to $2.1M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,027% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.5 | 4.4 | 95.1 | 1,120 | 584.0% |
| Saudi Arabia | 101 | 67.1 | 636 | 666 | 87.5% |
| Qatar | 3.6 | 4.6 | 108 | 278 | 325.8% |
| Bahrain | 9.1 | 4.4 | 35.9 | N/A | 98.6% |
| Others | 2.2 | 2.9 | 64.0 | 11.2 | 72.0% |
| Total | 119 | 83.3 | 939 | 2,074 | 159.3% |
Top Export Markets for Fresh or Chilled Lamb Carcasses and Half-Carcasses from Ethiopia in 2022:
- United Arab Emirates (184.7 tons)
- Saudi Arabia (108.7 tons)
- Qatar (53.8 tons)
Imports of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia
In 2022, after two years of decline, there was significant decline in overseas purchases of fresh or chilled lamb carcasses and half-carcasseses, when their volume decreased by -50% to 74 kg. Over the period under review, imports showed a dramatic shrinkage.
In value terms, imports of fresh or chilled lamb carcasses and half-carcasseses fell significantly to $1.5K in 2022. Overall, imports continue to indicate a precipitous descent.
| Import of Fresh or Chilled Lamb Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 30.7 | N/A | 2.9 | 1.5 | -63.4% |
| South Africa | 0.9 | N/A | 0.1 | 0.1 | -51.9% |
| Kenya | 2.3 | N/A | N/A | N/A | 0% |
| United States | 43.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 76.9 | N/A | 3.1 | 1.5 | -73.1% |
Top Suppliers of Fresh or Chilled Lamb Carcasses and Half-Carcasses to Ethiopia in 2022:
- Australia (67.0 kg)
- South Africa (7.0 kg)
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