Price for Meat of Bovine Animals; Frozen in Ethiopia - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Ethiopia (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Ethiopia (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Ethiopia
- Exports of Meat of Bovine Animals; Frozen in Ethiopia
Price for Meat of Bovine Animals; Frozen in Ethiopia (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $12,623 per ton, growing by 145% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($13,281 per ton), while the price for the United States totaled $10,616 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Ethiopia (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,096 per ton, surging by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,776 per ton), while the average price for exports to Vietnam ($2,987 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 Qatar (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Ethiopia
In 2022, approx. 7.3 tons of meat of bovine animals; frozen were imported into Ethiopia; shrinking by -60.6% against 2021. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, imports reached the peak of 19 tons, and then fell markedly in the following year.
In value terms, meat of bovine animals; frozen imports dropped modestly to $93K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $96K, and then fell slightly in the following year.
| Import of Meat of Bovine Animals; Frozen in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 6.3 | 1.5 | 8.0 | 74.5 | 127.8% |
| United States | 6.7 | 8.5 | 27.8 | 18.1 | 39.3% |
| Kenya | 3.7 | 3.0 | 13.1 | N/A | 88.2% |
| United Arab Emirates | 1.3 | 6.7 | 2.7 | N/A | 44.1% |
| Saudi Arabia | 4.1 | 3.2 | 12.2 | N/A | 72.5% |
| Turkey | 27.0 | 17.8 | 21.6 | N/A | -10.6% |
| Brazil | 0.1 | 0.4 | 8.3 | N/A | 811.0% |
| Others | 1.1 | 1.6 | 2.3 | N/A | 44.6% |
| Total | 50.3 | 42.7 | 96.0 | 92.6 | 22.6% |
Top Suppliers of Meat of Bovine Animals; Frozen to Ethiopia in 2022:
- South Africa (5.6 tons)
- United States (1.7 tons)
Exports of Meat of Bovine Animals; Frozen in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas shipments of meat of bovine animals; frozen, which decreased by -34.5% to 19 tons in 2022. In general, exports recorded a sharp downturn.
In value terms, meat of bovine animals; frozen exports dropped to $79K in 2022. Over the period under review, exports faced a dramatic contraction.
| Export of Meat of Bovine Animals; Frozen in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 32.2 | 6.4 | 2.0 | 53.2 | 18.2% |
| United Arab Emirates | 1,281 | 71.7 | 15.4 | 21.7 | -74.3% |
| Vietnam | 11.2 | 2.4 | 0.3 | 3.8 | -30.3% |
| Comoros | 201 | 54.0 | 11.4 | N/A | -76.2% |
| Kuwait | 291 | 88.0 | 20.8 | N/A | -73.3% |
| Bahrain | 521 | 167 | 40.9 | N/A | -72.0% |
| Others | 43.9 | 1.6 | 1.8 | 0.8 | -73.7% |
| Total | 2,381 | 391 | 92.5 | 79.5 | -67.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Ethiopia in 2022:
- Qatar (14.3 tons)
- United Arab Emirates (3.8 tons)
- Vietnam (1.3 tons)
819
This report provides an in-depth analysis of the beef market in Ethiopia.
4218
This report provides an in-depth analysis of the global beef market.
960
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
497
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
466
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
697
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1791
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1310
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3863
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1645
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1971
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1032
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1252
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
