Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan (FOB) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan (CIF) - 2022
3. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan
4. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Pakistan (FOB) - 2023

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,083 per ton in July 2023, increasing by 15% against the previous month. In general, the export price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in January 2023 an increase of 23% m-o-m. The export price peaked at $4,905 per ton in August 2022; however, from September 2022 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Kuwait ($3,571 per ton), while the average price for exports to Bahrain ($2,189 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.6%), while the prices for the other major destinations experienced a decline.

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

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $11,973 per ton in 2022, declining by -7.1% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 78%. Over the period under review, average import prices hit record highs at $12,888 per ton in 2021, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2015 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +19.4% per year.

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

In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -66.9% to 3.1K tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 83%. As a result, the exports attained the peak of 9.9K 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 shrank markedly to $14M in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 85% against the previous year.

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

1. United Arab Emirates (1283.5 tons)
2. Bahrain (767.1 tons)
3. Kuwait (662.6 tons)
4. Saudi Arabia (287.7 tons)
5. Afghanistan (2.0 tons)

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

For the third year in a row, Pakistan recorded decline in supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which decreased by -99.9% to 37 kg in 2022. Overall, imports showed a precipitous slump. The smallest decline of -20.8% was in 2021.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat plummeted to $443 in 2022. In general, imports faced a sharp contraction. The smallest decline of -2% was in 2021.

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

1. Saudi Arabia (37.0 kg)

Source: IndexBox Market Intelligence Platform