Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh - 2022

Contents:

  1. Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (CIF) - 2022
  2. Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (FOB) - 2022
  3. Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh
  4. Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh

Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (CIF) - 2022

The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $5,020 per ton in 2022, declining by -11.3% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $15,183 per ton. From 2018 to 2022, the average import prices remained at a 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 India ($85,167 per ton), while the price for Saudi Arabia totaled $2,520 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+65.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (FOB) - 2022

In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,696 per ton, increasing by 7.1% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 65%. As a result, the export price reached the peak level of $8,545 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($17,097 per ton), while the average price for exports to Qatar ($3,324 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 the United Arab Emirates (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh

Imports of meat of sheep or goats; fresh, chilled or frozen into Bangladesh contracted remarkably to 22 tons in 2022, falling by -20.5% on 2021 figures. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. As a result, imports reached the peak of 28 tons, and then reduced sharply in the following year.

In value terms, imports of meat of sheep or goats; fresh, chilled or frozen shrank remarkably to $112K in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 143%. As a result, imports reached the peak of $158K, and then fell remarkably in the following year.

Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia76.442.574.655.6-10.1%
Others54.122.683.856.21.3%
Total13065.1158112-4.8%

Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Bangladesh in 2022:

  1. Saudi Arabia (22.0 tons)

Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh

In 2022, overseas shipments of meat of sheep or goats; fresh, chilled or frozen increased by 15% to 7.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a deep setback.

In value terms, exports of meat of sheep or goats; fresh, chilled or frozen surged to $56K in 2022. Over the period under review, exports, however, recorded a abrupt descent.

Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives55.235.116.531.2-17.3%
Qatar17.817.716.814.5-6.6%
Kuwait11.910.89.07.9-12.8%
United Arab Emirates3.63.43.12.6-10.3%
OthersN/AN/AN/AN/A0%
Total88.567.045.456.2-14.0%

Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Bangladesh in 2022:

  1. Qatar (4.4 tons)
  2. Maldives (1.8 tons)
  3. Kuwait (0.9 tons)
  4. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform

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