Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait - 2022
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait (CIF) - 2022
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait (CIF) - 2022
In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,388 per ton, falling by -24.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 when the average import price increased by 10%. Over the period under review, average import prices reached the peak figure at $7,144 per ton in 2021, and then shrank rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Tanzania ($5,388 per ton) and India ($5,388 per ton), while the price for Australia ($5,388 per ton) and Sudan ($5,388 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait
In 2022, imports of fresh or chilled carcasses and half-carcasses of bovine meat into Kuwait rose to 15K tons, picking up by 2.6% on the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced curtailment.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat fell significantly to $82M in 2022. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 7%. As a result, imports reached the peak of $120M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 51.6 | 57.3 | 58.2 | 68.9 | 10.1% |
| Sudan | 2.8 | 10.2 | 16.6 | 5.5 | 25.2% |
| Australia | 21.9 | 22.0 | 7.1 | 1.5 | -59.1% |
| Tanzania | N/A | 0.1 | 0.1 | 1.3 | 260.6% |
| India | 11.8 | 3.0 | 0.7 | 0.1 | -79.6% |
| China | 15.1 | 17.7 | 18.3 | N/A | 10.1% |
| Others | 8.5 | 9.4 | 4.5 | 4.3 | -20.3% |
| Total | 112 | 120 | 105 | 81.7 | -10.0% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Kuwait in 2022:
- Pakistan (12.8K tons)
- Sudan (1.0K tons)
- Australia (0.3K tons)
- Tanzania (0.2K tons)
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