Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iraq - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iraq (CIF) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iraq
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iraq (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,693 per ton in 2022, picking up by 42% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 152%. Over the period under review, average import prices hit record highs at $8,437 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 the United States ($18,687 per ton), while the price for India ($2,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.6%), 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 Iraq
Imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Iraq skyrocketed to 125 tons in 2022, rising by 89% compared with 2021 figures. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 403%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $713K in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 103 | 32.8 | 30.5 | 118 | 4.6% |
| India | N/A | N/A | 139 | 61.9 | -55.5% |
| United States | N/A | N/A | N/A | 22.6 | 0% |
| Turkey | 90.8 | 4.0 | 18.6 | 7.8 | -55.9% |
| Italy | N/A | 21.1 | N/A | 7.8 | -39.2% |
| South Korea | 91.6 | 28.0 | 31.4 | 1.7 | -73.5% |
| Kuwait | 65.9 | N/A | N/A | N/A | 0% |
| Iran | 10.0 | N/A | N/A | N/A | 0% |
| Brazil | 11.2 | N/A | N/A | N/A | 0% |
| Others | 31.2 | 25.0 | 45.6 | 493 | 150.9% |
| Total | 404 | 111 | 265 | 713 | 20.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Iraq in 2022:
- India (27.8 tons)
- United Arab Emirates (10.0 tons)
- United States (1.2 tons)
- Italy (1.0 tons)
- Turkey (0.9 tons)
- South Korea (0.2 tons)
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