Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (FOB) - 2022
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (CIF) - 2022
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (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 $6,337 per ton, shrinking by -2% against the previous year. Over the period under review, the export price recorded a perceptible slump. The export price peaked at $6,465 per ton in 2021, and then declined slightly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($6,615 per ton), while the average price for exports to Kuwait amounted to $6,613 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (0.0%).
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (CIF) - 2022
In 2021, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,201 per ton, approximately equating the previous year. In general, the import price recorded perceptible growth. The growth pace was the most rapid in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($16,479 per ton), while the price for Pakistan ($5,208 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia
For the fourth consecutive year, Saudi Arabia recorded growth in overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 66% to 25 tons in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 191%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $157K in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Kuwait | N/A | 49.1 | 0% | ||
| Oman | N/A | 17.5 | 0% | ||
| Others | 97.0 | 91.0 | -6.2% | ||
| Total | 97.0 | 157 | 61.9% | ||
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Saudi Arabia in 2022:
- Kuwait (7.4 tons)
- Oman (2.6 tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia
In 2021, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Saudi Arabia was estimated at 3.6K tons, remaining relatively unchanged against the previous year. Overall, imports showed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in years to come.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $22M in 2021. Over the period under review, imports recorded significant growth. The smallest decline of 99.9% was in 2020. Imports peaked in 2021 and are likely to see steady growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Pakistan | 4.2 | N/A | 12.6 | 73.2% | |
| Ethiopia | N/A | N/A | 2.6 | 0% | |
| Australia | 2.3 | N/A | 2.3 | 0.0% | |
| Sudan | N/A | N/A | 2.1 | 0% | |
| Kenya | N/A | N/A | 1.3 | 0% | |
| India | 0.7 | N/A | N/A | 0% | |
| Others | 0.8 | N/A | 1.5 | 36.9% | |
| Total | 7.9 | N/A | 22.5 | 68.8% | |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Saudi Arabia in 2022:
- Pakistan (2425.5 tons)
- Ethiopia (406.7 tons)
- Sudan (335.1 tons)
- Kenya (202.1 tons)
- Australia (142.2 tons)
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