Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,721 per ton in 2022, waning by -7.6% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +12.3% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. Over the period under review, the average export prices reached the peak figure at $8,361 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -1.0% per year.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,976 per ton, rising by 23% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +66.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,216 per ton), while the price for Australia amounted to $6,522 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka
In 2022, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Sri Lanka surged to 43 tons, increasing by 34% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decline.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $333K in 2022. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 399 | 194 | 270 | 333 | -5.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 399 | 194 | 270 | 333 | -5.8% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Sri Lanka in 2022:
- Maldives (36.6 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka
In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Sri Lanka surged to 1.4 tons, jumping by 23% compared with 2021 figures. In general, imports, however, recorded a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of 4.2 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $9.7K in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.7 | 9.2 | 2.4 | 6.6 | -5.0% |
| Australia | 1.9 | 2.9 | 2.1 | 3.1 | 17.7% |
| Singapore | 4.3 | 4.6 | 1.7 | N/A | -37.1% |
| South Africa | 0.6 | 0.7 | 0.2 | N/A | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.5 | 17.4 | 6.4 | 9.7 | -12.5% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Sri Lanka in 2022:
- United States (908.0 kg)
- Australia (481.0 kg)
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