Egypt - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in Egypt - 2023
Contents:
- Beef Price in Egypt (CIF) - 2023
- Beef Price in Egypt (FOB) - 2022
- Beef Imports in Egypt
- Beef Exports in Egypt
Beef Price in Egypt (CIF) - 2023
In July 2023, the average beef import price amounted to $6,719 per ton, therefore, remained relatively stable against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 25% month-to-month. The import price peaked at $6,723 per ton in June 2023, and then reduced modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Sudan ($6,748 per ton) and India ($6,722 per ton), while the price for Colombia ($6,669 per ton) and Brazil ($6,722 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sudan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Beef Price in Egypt (FOB) - 2022
The average beef export price stood at $6,337 per ton in 2022, surging by 36% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($7,310 per ton), while the average price for exports to Qatar ($3,721 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 Palestine (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.
Beef Imports in Egypt
Beef imports into Egypt reduced to 155K tons in 2022, shrinking by -11.9% compared with 2021. Over the period under review, imports saw a dramatic decrease.
In value terms, beef imports rose sharply to $1B in 2022. In general, imports saw a abrupt shrinkage.
| Import of Beef in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 466 | 463 | 576 | 581 | 7.6% |
| Brazil | 983 | 704 | 217 | 392 | -26.4% |
| Sudan | 25.7 | 14.2 | 12.2 | 17.3 | -12.4% |
| Others | 49.9 | 73.1 | 131 | 38.7 | -8.1% |
| Total | 1,524 | 1,254 | 937 | 1,029 | -12.3% |
Top Suppliers of Beef to Egypt in 2022:
- India (87.5K tons)
- Brazil (59.0K tons)
- Sudan (2.8K tons)
Beef Exports in Egypt
In 2022, shipments abroad of beef (cattle meat) decreased by -34.6% to 281 tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, the exports reached the peak of 522 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, beef exports fell to $1.8M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Beef in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | N/A | N/A | 1.6 | 659 | 41087.5% |
| Ghana | 63.2 | 170 | 302 | 312 | 70.3% |
| Kenya | N/A | 144 | 248 | 245 | 30.4% |
| Cote d'Ivoire | 62.3 | 364 | 163 | 237 | 56.1% |
| Kuwait | 301 | 505 | 431 | 228 | -8.8% |
| Tunisia | N/A | N/A | 46.5 | 44.1 | -5.2% |
| Bahrain | 259 | 291 | 88.2 | 35.7 | -48.3% |
| Qatar | 260 | 249 | 190 | 12.4 | -63.7% |
| Oman | 77.4 | 59.3 | 106 | 4.7 | -60.7% |
| India | N/A | 72.8 | 91.1 | N/A | 25.1% |
| Pakistan | 102 | 115 | 150 | N/A | 21.3% |
| Others | 55.7 | 197 | 191 | 1.7 | -68.7% |
| Total | 1,180 | 2,167 | 2,007 | 1,780 | 14.7% |
Top Export Markets for Beef from Egypt in 2022:
- Palestine (90.2 tons)
- Ghana (49.9 tons)
- Kuwait (45.3 tons)
- Kenya (39.2 tons)
- Cote d'Ivoire (37.8 tons)
- Bahrain (7.0 tons)
- Tunisia (7.0 tons)
- Qatar (3.3 tons)
- Oman (0.9 tons)
This report provides an in-depth analysis of the beef market in Egypt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
- Egypt
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Egypt
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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