Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia - 2022
Contents:
- Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
- Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (FOB) - 2022
The average export price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $7,283 per ton in 2022, growing by 35% against the previous year. Over the last eight-year period, it increased at an average annual rate of +4.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2014 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +5.2% per year.
Exports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia
In 2022, overseas shipments of frozen sheep (excluding lamb) carcasses and half-carcasseses decreased by -27.1% to 2 tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,063%. As a result, the exports reached the peak of 17 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen sheep (excluding lamb) carcasses and half-carcasseses contracted to $14K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,094% against the previous year. As a result, the exports reached the peak of $96K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.1 | 5.4 | 0.3 | 14.3 | 135.1% |
| United Arab Emirates | 6.2 | 34.4 | 3.8 | N/A | -21.7% |
| Bahrain | 0.7 | 55.7 | 10.5 | N/A | 287.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 95.6 | 14.5 | 14.3 | 21.4% |
Top Export Markets for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses from Ethiopia in 2022:
- Saudi Arabia (2.0 tons)
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