Price for Frozen Boneless Cuts of Bovine Meat in Bahrain - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Bahrain (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Bahrain (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Bahrain
- Exports of Frozen Boneless Cuts of Bovine Meat in Bahrain
Price for Frozen Boneless Cuts of Bovine Meat in Bahrain (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $4,506 per ton in 2022, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. The import price peaked at $4,674 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($14,342 per ton), while the price for India ($3,654 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Bahrain (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $3,600 per ton, picking up by 8.7% against the previous year. Overall, the export price saw temperate growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 129% against the previous year. As a result, the export price attained the peak level of $11,454 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($8,544 per ton), while the average price for exports to Iraq ($1,343 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 the United States (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Bahrain
In 2022, after three years of growth, there was decline in overseas purchases of frozen boneless cuts of bovine meat, when their volume decreased by -0.3% to 7.2K tons. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 3.5%.
In value terms, imports of frozen boneless cuts of bovine meat expanded rapidly to $32M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 19.0 | 20.5 | 21.3 | 21.0 | 3.4% |
| United States | 3.2 | 2.6 | 3.2 | 4.6 | 12.9% |
| Brazil | 2.9 | 3.4 | 2.2 | 4.2 | 13.1% |
| Paraguay | 0.9 | 0.7 | 1.4 | 1.1 | 6.9% |
| Others | 1.2 | 0.9 | 1.2 | 1.4 | 5.3% |
| Total | 27.3 | 28.1 | 29.3 | 32.4 | 5.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Bahrain in 2022:
- India (5.7K tons)
- Brazil (0.6K tons)
- United States (0.5K tons)
- Paraguay (0.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Bahrain
In 2022, shipments abroad of frozen boneless cuts of bovine meat decreased by -17.5% to 98 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 269% against the previous year. As a result, the exports reached the peak of 123 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen boneless cuts of bovine meat shrank to $353K in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 271% against the previous year. As a result, the exports reached the peak of $861K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Frozen Boneless Cuts of Bovine Meat in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 66.0 | 141 | 113.6% |
| Kuwait | 159 | 234 | 146 | 103 | -13.5% |
| Iraq | N/A | N/A | N/A | 43.8 | 0% |
| Saudi Arabia | 26.4 | 213 | N/A | 17.4 | -13.0% |
| United Arab Emirates | 37.9 | 71.1 | N/A | 3.9 | -53.1% |
| United States | N/A | 311 | N/A | N/A | 0% |
| Oman | N/A | N/A | 162 | N/A | 0% |
| Others | 8.9 | 31.9 | 20.0 | 44.1 | 70.5% |
| Total | 232 | 861 | 394 | 353 | 15.0% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Bahrain in 2022:
- India (35.4 tons)
- Iraq (32.6 tons)
- Kuwait (23.8 tons)
- Saudi Arabia (2.0 tons)
- United Arab Emirates (0.9 tons)
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