Price for Frozen Boneless Cuts of Bovine Meat in Sri Lanka - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Sri Lanka (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Sri Lanka (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Sri Lanka
- Exports of Frozen Boneless Cuts of Bovine Meat in Sri Lanka
Price for Frozen Boneless Cuts of Bovine Meat in Sri Lanka (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $9,167 per ton in 2022, with a decrease of -19.6% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen boneless cuts of bovine meat increased by +61.1% against 2013 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $11,401 per ton, and then contracted sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($10,573 per ton), while the price for China ($1,169 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Sri Lanka (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $7,143 per ton in 2022, increasing by 18% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $10,539 per ton in 2012; however, from 2013 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 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -4.3% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Sri Lanka
In 2022, imports of frozen boneless cuts of bovine meat into Sri Lanka skyrocketed to 60 tons, picking up by 58% on the previous year's figure. In general, imports, however, faced a abrupt decline.
In value terms, imports of frozen boneless cuts of bovine meat surged to $554K in 2022. Over the period under review, imports, however, saw a abrupt contraction.
| Import of Frozen Boneless Cuts of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 233 | 377 | 176 | 490 | 28.1% |
| United States | 180 | 52.6 | N/A | 53.2 | -33.4% |
| China | N/A | N/A | N/A | 2.3 | 0% |
| Malaysia | N/A | N/A | 25.7 | N/A | 0% |
| United Arab Emirates | N/A | 130 | 1.9 | N/A | -98.5% |
| Singapore | 272 | 160 | 116 | N/A | -34.7% |
| Brazil | 63.8 | 61.2 | N/A | N/A | -4.1% |
| Others | 12.4 | 3.6 | 116 | 9.0 | -10.1% |
| Total | 761 | 784 | 436 | 554 | -10.0% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Sri Lanka in 2022:
- Australia (46.3 tons)
- United States (11.5 tons)
- China (2.0 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Sri Lanka
Exports of frozen boneless cuts of bovine meat from Sri Lanka reduced remarkably to 343 kg in 2022, shrinking by -25.4% against 2021 figures. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 104%.
In value terms, exports of frozen boneless cuts of bovine meat contracted to $2.5K in 2022. In general, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year.
| Export of Frozen Boneless Cuts of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 5.5 | 2.1 | 2.6 | 2.5 | -23.1% |
| Hong Kong SAR | N/A | N/A | 0.2 | N/A | 0% |
| Oman | 12.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.0 | 2.1 | 2.8 | 2.5 | -48.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Sri Lanka in 2022:
- Maldives (343.0 kg)
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