Price for Frozen Boneless Cuts of Bovine Meat in Jordan - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Jordan (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Jordan (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Jordan
- Exports of Frozen Boneless Cuts of Bovine Meat in Jordan
Price for Frozen Boneless Cuts of Bovine Meat in Jordan (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $7,040 per ton, rising by 27% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 54%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($7,040 per ton) and India ($7,040 per ton), while the price for Australia ($7,040 per ton) and Brazil ($7,040 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Jordan (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $5,535 per ton in 2022, rising by 12% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +108.0% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 38%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($5,535 per ton) and Free Zones ($5,535 per ton), while the average price for exports to the United Arab Emirates ($5,534 per ton) and Iraq ($5,534 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Jordan
In 2022, approx. 14K tons of frozen boneless cuts of bovine meat were imported into Jordan; with a decrease of -8.1% against 2021. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 40%.
In value terms, imports of frozen boneless cuts of bovine meat soared to $99M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.6 | 27.9 | 41.5 | 47.0 | 19.4% |
| Brazil | 24.5 | 13.6 | 22.6 | 28.2 | 4.8% |
| United States | 6.1 | 4.3 | 6.0 | 7.3 | 6.2% |
| Australia | 4.4 | 3.5 | 4.6 | 6.8 | 15.6% |
| South Africa | 1.3 | 2.4 | 2.7 | 3.9 | 44.2% |
| New Zealand | 1.0 | 0.7 | 1.2 | 2.0 | 26.0% |
| United Arab Emirates | 0.1 | N/A | N/A | 1.5 | 146.6% |
| Others | 1.2 | 3.1 | 6.2 | 2.4 | 26.0% |
| Total | 66.3 | 55.5 | 84.7 | 99.0 | 14.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Jordan in 2022:
- India (6.7K tons)
- Brazil (4.0K tons)
- Australia (1.0K tons)
- United States (1.0K tons)
- South Africa (0.6K tons)
- New Zealand (0.3K tons)
- United Arab Emirates (0.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Jordan
For the third year in a row, Jordan recorded decline in overseas shipments of frozen boneless cuts of bovine meat, which decreased by -0.8% to 523 tons in 2022. Over the period under review, exports faced a sharp slump.
In value terms, exports of frozen boneless cuts of bovine meat expanded notably to $2.9M in 2022. In general, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Frozen Boneless Cuts of Bovine Meat in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 156 | 440 | 30.8 | 1,567 | 115.8% |
| Saudi Arabia | 468 | 733 | 105 | 699 | 14.3% |
| Free Zones | 1,138 | 1,906 | 95.0 | 213 | -42.8% |
| India | 39.5 | N/A | 15.2 | 120 | 44.8% |
| Kuwait | N/A | N/A | 52.2 | 113 | 116.5% |
| United Arab Emirates | 2,520 | 2,644 | 2,015 | 96.9 | -66.2% |
| Iraq | 3,099 | 4,279 | 175 | 88.1 | -69.5% |
| Palestine | 849 | 14.2 | N/A | N/A | -98.3% |
| Others | 12.3 | 16.1 | 119 | N/A | 211.0% |
| Total | 8,282 | 10,032 | 2,607 | 2,896 | -29.5% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Jordan in 2022:
- Qatar (283.1 tons)
- Saudi Arabia (126.3 tons)
- Free Zones (38.4 tons)
- India (21.7 tons)
- Kuwait (20.5 tons)
- United Arab Emirates (17.5 tons)
- Iraq (15.9 tons)
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