Ethiopia: Preserved Beef Market 2024

Preserved Beef Market Size in Ethiopia

The Ethiopian preserved beef market shrank slightly to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Preserved Beef Production in Ethiopia

In value terms, preserved beef production contracted to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Preserved beef production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Preserved Beef Exports

Exports from Ethiopia

For the sixth year in a row, Ethiopia recorded decline in overseas shipments of beef and veal (salted, in brine, dried or smoked), which decreased by X% to X kg in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved beef exports fell to $X in 2022. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Comoros (X kg) was the main destination for preserved beef exports from Ethiopia, with a X% share of total exports. Moreover, preserved beef exports to Comoros exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Comoros stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United Arab Emirates (X% per year).

In value terms, Comoros ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X) were the largest markets for preserved beef exported from Ethiopia worldwide.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average preserved beef export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved beef export price increased by X% against 2017 indices. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Comoros ($X 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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into Ethiopia

Preserved beef imports into Ethiopia fell rapidly to X tons in 2022, reducing by X% on 2021 figures. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved beef imports contracted remarkably to $X in 2022. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest preserved beef supplier to Ethiopia, with a X% share of total imports. Moreover, preserved beef imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Africa (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average preserved beef import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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