Somaliaโs livestock exports are receiving a boost from fading Australian and Sudanese competition, which could help drive its shipments above $1 billion this year.
The Horn of Africa nation has seen its earnings from livestock exports climb from $523 million in 2021 to $974 million last year, according to government data, and that trend is expected to continue.
โThis increase can be attributed to two main factors โ first, Sudan, once a major livestock-exporting country, is currently facing conflict. Secondly, Australia, another key supplier to Gulf countries, has reduced exports,โ said Qaasim Abdi Moallim, director of animal health at Somaliaโs livestock ministry. โThis allowed Somalia to take advantage of the situation and accelerate its livestock exports.โ
Being across the gulf for key markets including the United Arab Emirates and Saudi Arabia also worked in Somaliaโs favor, he said.
Somalia Shipped $2.9 Billion of Livestock in Past Four Years
bloomberg.com/news/articles/โฆ