Price for Frozen Boneless Cuts of Bovine Meat in Ethiopia - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Ethiopia (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Ethiopia (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Ethiopia
- Exports of Frozen Boneless Cuts of Bovine Meat in Ethiopia
Price for Frozen Boneless Cuts of Bovine Meat in Ethiopia (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $13,257 per ton in 2022, growing by 140% against the previous year. Over the period under review, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.9% per year.
Price for Frozen Boneless Cuts of Bovine Meat in Ethiopia (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $2,987 per ton, jumping by 24% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $3,297 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +41.0% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Ethiopia
In 2022, the amount of frozen boneless cuts of bovine meat imported into Ethiopia contracted rapidly to 5 tons, which is down by -71.1% against the previous year's figure. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 122%. As a result, imports attained the peak of 17 tons, and then fell sharply in the following year.
In value terms, imports of frozen boneless cuts of bovine meat contracted rapidly to $66K in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 125%. As a result, imports reached the peak of $96K, and then fell sharply in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.9 | 0.7 | 5.6 | 66.5 | 319.6% |
| United States | 1.7 | 4.0 | 10.0 | N/A | 142.5% |
| United Arab Emirates | 40.0 | 28.7 | 75.6 | N/A | 37.5% |
| Turkey | 4.1 | 8.4 | 3.3 | N/A | -10.3% |
| Others | 0.7 | 0.8 | 1.4 | N/A | 41.4% |
| Total | 47.4 | 42.7 | 96.0 | 66.5 | 11.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Ethiopia in 2022:
- South Africa (5.0 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Ethiopia
Exports of frozen boneless cuts of bovine meat from Ethiopia shrank notably to 1.3 tons in 2022, waning by -92.8% compared with 2021 figures. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 1,924%. As a result, the exports attained the peak of 18 tons, and then dropped rapidly in the following year.
In value terms, exports of frozen boneless cuts of bovine meat shrank notably to $3.8K in 2022. Overall, exports saw a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 2,676%. As a result, the exports reached the peak of $42K, and then dropped notably in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.6 | 0.1 | 1.0 | 3.8 | 85.0% |
| Hong Kong SAR | N/A | N/A | 3.9 | N/A | 0% |
| Comoros | 11.5 | 1.5 | 36.0 | N/A | 76.9% |
| China | N/A | N/A | 1.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.2 | 1.5 | 42.3 | 3.8 | -32.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Ethiopia in 2022:
- Vietnam (1.3 tons)
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