Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (CIF) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,724 per ton in 2022, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The import price peaked at $5,776 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($5,724 per ton) and South Africa ($5,724 per ton), while the price for the Netherlands ($5,724 per ton) and New Zealand ($5,724 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt
In 2022, after two years of decline, there was significant growth in supplies from abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 28% to 670 tons. In general, imports, however, recorded a deep contraction.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $3.8M in 2022. Over the period under review, imports, however, saw a abrupt decrease.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3,872 | 1,580 | 756 | 1,853 | -21.8% |
| United States | 276 | 129 | 221 | 973 | 52.2% |
| Netherlands | 123 | 167 | 255 | 640 | 73.3% |
| New Zealand | 201 | 197 | 156 | 210 | 1.5% |
| South Africa | 68.7 | 114 | 43.2 | 144 | 28.0% |
| India | 77.6 | 315 | 229 | N/A | 71.8% |
| Italy | 125 | 214 | 156 | N/A | 11.7% |
| Brazil | 211 | 252 | 686 | N/A | 80.3% |
| Others | 155 | 359 | 81.0 | 13.0 | -56.2% |
| Total | 5,109 | 3,328 | 2,584 | 3,834 | -9.1% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Egypt in 2022:
- Australia (323.7 tons)
- United States (170.0 tons)
- Netherlands (111.9 tons)
- New Zealand (36.7 tons)
- South Africa (25.2 tons)
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