Ethiopia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Ethiopia

The Ethiopian market for salted, dried or smoked meat, and offal rose notably to $X in 2022, surging by 5.2% against the previous year. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Ethiopia

In value terms, production of salted, dried or smoked meat, and offal rose markedly to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Ethiopia

In 2022, shipments abroad of salted, dried or smoked meat, and offal decreased by -37.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 187% against the previous year. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, exports of salted, dried or smoked meat, and offal fell significantly to $X in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 379% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Comoros (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Ethiopia, with a 53% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Comoros exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Comoros totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+12.1% per year) and Hong Kong SAR (+253.1% per year).

In value terms, the largest markets for salted, dried or smoked meat, and offal exported from Ethiopia were Comoros ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X), together comprising 94% of total exports.

Hong Kong SAR, with a CAGR of +819.4%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, waning by -3.7% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 67%. As a result, the export price attained the peak level of $X per ton, 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 the United Arab Emirates ($X per ton), while the average price for exports to India ($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 Hong Kong SAR (+160.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Ethiopia

In 2022, after two years of growth, there was significant decline in supplies from abroad of salted, dried or smoked meat, and offal, when their volume decreased by -15.2% to X tons. In general, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 194% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of salted, dried or smoked meat, and offal shrank markedly to $X in 2022. Over the period under review, imports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2021 when imports increased by 124%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

The Netherlands (X tons), Kenya (X tons) and China (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Ethiopia, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +101.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Ethiopia, comprising 60% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from Kenya stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.3% per year) and China (+40.6% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, which is down by -14.7% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of 116% 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform