Price for Meat of Bovine Animals; Fresh or Chilled in Kuwait - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Kuwait (CIF) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Kuwait
Price for Meat of Bovine Animals; Fresh or Chilled in Kuwait (CIF) - 2022
In December 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $6,729 per ton, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in June 2022 an increase of 5.1% m-o-m. The import price peaked at $8,178 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($10,624 per ton), while the price for Sudan ($5,388 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Kuwait
Imports of meat of bovine animals; fresh or chilled into Kuwait surged to 37K tons in 2022, growing by 31% compared with the previous year. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of meat of bovine animals; fresh or chilled soared to $130M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 27.4 | 30.7 | 41.2 | 68.2 | 35.5% |
| South Africa | 9.9 | 12.4 | 15.3 | 28.1 | 41.6% |
| Australia | 16.4 | 16.4 | 10.3 | 9.2 | -17.5% |
| New Zealand | 2.5 | 2.9 | 3.3 | 6.7 | 38.9% |
| Sudan | 1.5 | 5.4 | 11.8 | 5.7 | 56.0% |
| India | 7.0 | 2.2 | 1.8 | 4.5 | -13.7% |
| China | 1.0 | 0.9 | 0.9 | 1.3 | 9.1% |
| Others | 4.4 | 6.9 | 5.2 | 6.1 | 11.5% |
| Total | 70.2 | 77.8 | 89.8 | 130 | 22.8% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Kuwait in 2022:
- Pakistan (24.3K tons)
- South Africa (6.4K tons)
- New Zealand (1.2K tons)
- Australia (1.1K tons)
- China (1.1K tons)
- Sudan (1.0K tons)
- India (0.7K tons)
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