Ethiopia: Meat Dishes Market 2024

Meat Dishes Market Size in Ethiopia

The Ethiopian meat dishes market rose to $X in 2022, with an increase of 2.1% against the previous year. Over the period under review, consumption recorded a mild curtailment. Meat dishes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Meat Dishes Production in Ethiopia

In value terms, meat dishes production rose to $X in 2022 estimated in export price. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Meat Dishes Exports

Exports from Ethiopia

In 2022, shipments abroad of meat dishes decreased by -4.7% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2018 with an increase of 327%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat dishes exports reached $X in 2022. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 199% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Djibouti (X tons) and Hong Kong SAR (X tons) were the main destinations of meat dishes exports from Ethiopia.

From 2012 to 2022, the biggest increases were recorded for Djibouti (with a CAGR of +8.4%).

In value terms, the largest markets for meat dishes exported from Ethiopia were Djibouti ($X) and Hong Kong SAR ($X).

Among the main countries of destination, Djibouti, with a CAGR of +5.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average meat dishes export price amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes export price increased by +167.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Djibouti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.6%).

Meat Dishes Imports

Imports into Ethiopia

In 2022, imports of meat dishes into Ethiopia surged to X tons, jumping by 90% on the previous year. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 149% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, meat dishes imports surged to $X in 2022. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 136% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of meat dishes to Ethiopia, accounting for a 43% share of total imports. Moreover, meat dishes imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+49.8% per year) and Turkey (+27.7% per year).

In value terms, Belgium ($X), the United States ($X) and South Africa ($X) appeared to be the largest meat dishes suppliers to Ethiopia, with a combined 53% share of total imports.

Belgium, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, with a decrease of -23% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+95.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform