Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (FOB) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (CIF) - 2022
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $4,654 per ton in December 2021, with an increase of 4.1% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 9.4% against the previous month. Over the period under review, the average export prices attained the maximum in December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($6,142 per ton), while the average price for exports to Saudi Arabia ($3,982 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $1,027 per ton in 2022, which is down by -7.1% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the maximum at $14,115 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Italy ($14,000 per ton), while the price for Tanzania ($632 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.0%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya
In 2022, approx. 19K tons of meat of sheep or goats; fresh, chilled or frozen were exported from Kenya; jumping by 33% compared with 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen shrank to $85M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 39.3 | 40.8 | 53.4 | 46.3 | 5.6% |
Bahrain | 0.3 | 9.9 | 12.4 | 14.3 | 262.6% |
Saudi Arabia | 4.1 | 12.4 | 9.2 | 11.3 | 40.2% |
Kuwait | 0.9 | 3.5 | 3.1 | 7.7 | 104.5% |
Oman | 5.7 | 2.6 | 2.6 | 3.5 | -15.0% |
Qatar | 1.5 | 3.5 | 3.5 | N/A | 52.8% |
Others | 1.0 | 1.6 | 2.1 | 1.7 | 19.3% |
Total | 52.8 | 74.2 | 86.1 | 84.9 | 17.2% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Kenya in 2022:
- United Arab Emirates (10.2K tons)
- Bahrain (3.6K tons)
- Saudi Arabia (2.9K tons)
- Kuwait (1.3K tons)
- Oman (0.8K tons)
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya
In 2022, supplies from abroad of meat of sheep or goats; fresh, chilled or frozen increased by 102% to 1.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decline.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $1.5K in 2022. Over the period under review, imports, however, saw a dramatic decline.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Kenya (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Democratic Republic of the Congo | N/A | N/A | N/A | 992 | 0% |
Tanzania | 824 | 815 | 490 | 347 | -25.0% |
China | 192 | 195 | 52.0 | 35.0 | -43.3% |
South Africa | 1,540 | 659 | 114 | 32.0 | -72.5% |
Netherlands | 284 | 169 | 41.0 | 25.0 | -55.5% |
United Arab Emirates | 711 | 165 | 39.0 | 23.0 | -68.1% |
Spain | 378 | N/A | N/A | N/A | 0% |
Others | 229 | 152 | 45.0 | 14.0 | -60.6% |
Total | 4,158 | 2,155 | 781 | 1,468 | -29.3% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Kenya in 2022:
- Democratic Republic of the Congo (776.0 kg)
- Tanzania (549.0 kg)
- South Africa (36.0 kg)
- China (32.0 kg)
- United Arab Emirates (29.0 kg)
- Netherlands (6.0 kg)
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