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

Contents:

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

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Iran (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 $3,615 per ton, falling by -2.8% against the previous year. In general, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. As a result, import price reached the peak level of $5,512 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($3,980 per ton), while the price for Oman ($3,572 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 (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,939 per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $8,094 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($10,333 per ton), while the average price for exports to the Czech Republic ($2,689 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 Austria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -1.7% to 2K tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 0.8% against the previous year. As a result, imports reached the peak of 2.1K tons, and then contracted in the following year.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined modestly to $7.3M in 2022. Overall, imports continue to indicate a pronounced slump. The smallest decline of -1.8% was in 2020.

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

1. United Arab Emirates (1152.4 tons)
2. South Africa (701.8 tons)
3. Oman (198.9 tons)

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

In 2022, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Iran dropped to 7.1 tons, which is down by -6.3% compared with the previous year. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 increased by +46.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of 7.6 tons, and then dropped in the following year.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $49K in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Luxembourg (2119.0 kg)
2. Czech Republic (1609.0 kg)
3. France (1165.0 kg)
4. Spain (691.0 kg)
5. Germany (265.0 kg)
6. Austria (196.0 kg)
7. Poland (57.0 kg)

Source: IndexBox Market Intelligence Platform