Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India - 2022

Contents:

  1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (FOB) - 2022
  2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (CIF) - 2022
  3. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India
  4. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (FOB) - 2022

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $497 per ton in 2022, reducing by -82.1% against the previous year. Over the period under review, the export price faced a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,967 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Gabon amounted to +22.4% per year.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (CIF) - 2022

In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,787 per ton, declining by -8.5% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 22% against the previous year. The import price peaked at $10,888 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,827 per ton), while the price for Brazil amounted to $1,990 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.0%), while the prices for the other major suppliers experienced a decline.

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India

In 2022, overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -92% to 1.1 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 42 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced rapidly to $537 in 2022. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 90% against the previous year. As a result, the exports reached the peak of $117K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/AN/A0.50%
Senegal1.02.71.0N/A0.0%
Qatar5.119.87.1N/A18.0%
United Arab Emirates9.88.59.6N/A-1.0%
Oman1.23.60.9N/A-13.4%
Maldives8.715.24.8N/A-25.7%
Saudi Arabia19.537.63.0N/A-60.8%
Afghanistan5.8N/AN/AN/A0%
Others10.329.110.9N/A2.9%
Total61.411737.40.5-79.9%

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from India in 2022:

  1. Singapore (1.1 tons)

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India

In 2022, supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat was finally on the rise to reach 4.6 tons after two years of decline. Over the period under review, imports, however, faced a deep downturn.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $17K in 2022. In general, imports, however, saw a deep reduction.

Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.210.69.017.298.5%
BrazilN/A0.20.10.20.0%
United Arab Emirates29.114.8N/AN/A-49.1%
OthersN/AN/AN/AN/A0%
Total31.425.69.117.4-17.9%

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to India in 2022:

  1. United States (4.5 tons)
  2. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform

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