Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $8,553 per ton in 2022, declining by -3.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $10,150 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($29,268 per ton), while the price for India ($4,185 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 States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $12,000 per ton in 2022, leveling off at the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 130%. Over the period under review, the average export prices reached the maximum at $30,993 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 Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +13.4% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain
In 2022, approx. 2.4K tons of fresh or chilled boneless cuts of bovine meat were imported into Bahrain; increasing by 31% compared with 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat surged to $21M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4.2 | 4.4 | 4.5 | 5.1 | 6.7% |
| India | 1.9 | 1.7 | 3.3 | 5.0 | 38.1% |
| United States | 3.0 | 1.6 | 3.5 | 3.4 | 4.3% |
| Australia | 2.0 | 1.5 | 2.2 | 2.7 | 10.5% |
| South Africa | 1.1 | 1.0 | 1.5 | 2.5 | 31.5% |
| Brazil | 0.7 | 0.8 | 0.9 | 1.8 | 37.0% |
| Others | 0.7 | 1.1 | 0.7 | 0.4 | -17.0% |
| Total | 13.6 | 12.0 | 16.6 | 20.9 | 15.4% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Bahrain in 2022:
- India (1191.7 tons)
- New Zealand (468.7 tons)
- Brazil (291.3 tons)
- South Africa (242.1 tons)
- United States (116.3 tons)
- Australia (102.8 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain
For the third consecutive year, Bahrain recorded decline in shipments abroad of fresh or chilled boneless cuts of bovine meat, which decreased by 0% to 1 kg in 2022. Overall, exports faced a dramatic setback. The smallest decline of -94.7% was in 2020.
In value terms, exports of fresh or chilled boneless cuts of bovine meat totaled $12 in 2022. Over the period under review, exports saw a sharp contraction. The smallest decline of -90.8% was in 2020.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 251 | 23.0 | N/A | 12.0 | -63.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 251 | 23.0 | N/A | 12.0 | -63.7% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Bahrain in 2022:
- Free Zones (1.0 kg)
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