Price for Meat of Bovine Animals; Frozen in Sri Lanka - 2021
Contents:
- Price for Meat of Bovine Animals; Frozen in Sri Lanka (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Sri Lanka (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Sri Lanka
- Imports of Meat of Bovine Animals; Frozen in Sri Lanka
Price for Meat of Bovine Animals; Frozen in Sri Lanka (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $6,381 per ton in 2022, picking up by 4.7% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 55% against the previous year. The export price peaked at $9,267 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 Maldives amounted to -3.7% per year.
Price for Meat of Bovine Animals; Frozen in Sri Lanka (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $4,820 per ton, increasing by 2.6% against the previous year. Overall, the import price, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 when the average import price increased by 38%. The import price peaked at $6,845 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($6,864 per ton), while the price for the United States ($3,516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Sri Lanka
In 2022, meat of bovine animals; frozen exports from Sri Lanka shrank remarkably to 41 tons, with a decrease of -23.9% compared with 2021. Overall, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by 91% against the previous year. As a result, the exports reached the peak of 54 tons, and then shrank significantly in the following year.
In value terms, meat of bovine animals; frozen exports declined dramatically to $264K in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 68%. As a result, the exports attained the peak of $331K, and then dropped dramatically in the following year.
| Export of Meat of Bovine Animals; Frozen in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 128 | 196 | 330 | 264 | 27.3% |
| Oman | 12.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 140 | 196 | 331 | 264 | 23.5% |
Top Export Markets for Meat of Bovine Animals; Frozen from Sri Lanka in 2022:
- Maldives (41.3 tons)
Imports of Meat of Bovine Animals; Frozen in Sri Lanka
In 2022, overseas purchases of meat of bovine animals; frozen increased by 36% to 54 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp curtailment.
In value terms, meat of bovine animals; frozen imports skyrocketed to $259K in 2022. Overall, imports, however, continue to indicate a dramatic decrease.
| Import of Meat of Bovine Animals; Frozen in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 447 | 137 | 142 | 161 | -28.9% |
| United States | 89.5 | 37.4 | 37.4 | 37.0 | -25.5% |
| Brazil | 68.6 | 65.2 | 4.1 | 33.7 | -21.1% |
| United Arab Emirates | 1.7 | 93.4 | 1.9 | 27.5 | 152.9% |
| Others | 0.4 | 0.6 | N/A | N/A | 50.0% |
| Total | 607 | 333 | 185 | 259 | -24.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Sri Lanka in 2022:
- Australia (34.2 tons)
- United States (10.5 tons)
- Brazil (5.1 tons)
- United Arab Emirates (4.0 tons)
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