Price for Meat of Bovine Animals; Frozen in Kenya - 2021
Contents:
- Price for Meat of Bovine Animals; Frozen in Kenya (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Kenya (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Kenya
- Imports of Meat of Bovine Animals; Frozen in Kenya
Price for Meat of Bovine Animals; Frozen in Kenya (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,658 per ton, declining by -6.2% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat of bovine animals; frozen export price increased by +36.2% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 30%. The export price peaked at $4,968 per ton in 2021, and then shrank in the following year.
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 Somalia ($8,191 per ton), while the average price for exports to Hong Kong SAR ($1,695 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 Vietnam (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Kenya (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $5,120 per ton, standing approx. at the previous year. Overall, the import price recorded a mild descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 105% against the previous year. As a result, import price attained the peak level of $7,858 per ton. From 2015 to 2022, the average 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 South Africa ($36,215 per ton), while the price for Egypt ($4,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Kenya
Meat of bovine animals; frozen exports from Kenya contracted slightly to 1.1K tons in 2022, waning by -3.9% compared with the year before. In general, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 11%.
In value terms, meat of bovine animals; frozen exports fell to $5.2M in 2022. Overall, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year.
| Export of Meat of Bovine Animals; Frozen in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 3,394 | 2,733 | 3,075 | 2,686 | -7.5% |
| Democratic Republic of the Congo | 339 | 658 | 1,310 | 1,145 | 50.0% |
| Tanzania | 1,259 | 442 | 613 | 659 | -19.4% |
| Sudan | 207 | 211 | 211 | 184 | -3.9% |
| Hong Kong SAR | 35.0 | 62.1 | 138 | 121 | 51.2% |
| United Arab Emirates | 33.1 | 43.5 | 58.3 | 92.2 | 40.7% |
| Oman | 182 | 88.8 | 88.3 | 76.7 | -25.0% |
| Others | 376 | 346 | 228 | 190 | -20.3% |
| Total | 5,824 | 4,585 | 5,721 | 5,153 | -4.0% |
Top Export Markets for Meat of Bovine Animals; Frozen from Kenya in 2022:
- South Sudan (595.1 tons)
- Democratic Republic of the Congo (244.5 tons)
- Tanzania (84.5 tons)
- Hong Kong SAR (71.3 tons)
- Sudan (39.0 tons)
- United Arab Emirates (17.5 tons)
- Oman (13.8 tons)
Imports of Meat of Bovine Animals; Frozen in Kenya
Meat of bovine animals; frozen imports into Kenya skyrocketed to 93 tons in 2022, picking up by 42% compared with 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 264% against the previous year. As a result, imports attained the peak of 121 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, meat of bovine animals; frozen imports soared to $477K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 291% against the previous year. As a result, imports reached the peak of $617K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Meat of Bovine Animals; Frozen in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 80.1 | 471 | 312 | 445 | 77.1% |
| United Arab Emirates | 9.0 | 49.7 | 12.7 | 15.5 | 19.9% |
| South Africa | 29.1 | 76.2 | 5.6 | 7.6 | -36.1% |
| Botswana | 24.7 | N/A | N/A | N/A | 0% |
| Others | 15.0 | 20.5 | 6.5 | 9.1 | -15.3% |
| Total | 158 | 617 | 337 | 477 | 44.5% |
Top Suppliers of Meat of Bovine Animals; Frozen to Kenya in 2022:
- Egypt (91.2 tons)
- United Arab Emirates (0.7 tons)
- South Africa (0.2 tons)
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