Price for Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates
- Exports of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates
Price for Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $4,111 per ton, picking up by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 9.7%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,515 per ton), while the price for India ($2,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $4,720 per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($6,515 per ton), while the average price for exports to Oman ($3,529 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 Saudi Arabia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates
In 2022, approx. 96K tons of frozen boneless cuts of bovine meat were imported into the United Arab Emirates; picking up by 19% against 2021. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of frozen boneless cuts of bovine meat surged to $396M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +66.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 212 | 107 | 153 | 200 | -1.9% |
| India | 68.1 | 76.9 | 92.8 | 92.7 | 10.8% |
| United States | 31.0 | 18.6 | 25.4 | 40.9 | 9.7% |
| Australia | 11.3 | 12.6 | 15.5 | 25.0 | 30.3% |
| Saudi Arabia | 11.0 | 8.0 | 2.4 | 7.1 | -13.6% |
| Others | 16.8 | 15.5 | 20.4 | 29.7 | 20.9% |
| Total | 350 | 238 | 309 | 396 | 4.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to the United Arab Emirates in 2022:
- Brazil (43.0K tons)
- India (40.7K tons)
- United States (3.9K tons)
- Australia (3.5K tons)
- Saudi Arabia (1.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates
In 2022, approx. 33K tons of frozen boneless cuts of bovine meat were exported from the United Arab Emirates; with an increase of 200% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt slump.
In value terms, exports of frozen boneless cuts of bovine meat soared to $158M in 2022. Overall, exports, however, recorded a deep reduction.
| Export of Frozen Boneless Cuts of Bovine Meat in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 165 | 22.7 | 27.6 | 135 | -6.5% |
| Saudi Arabia | 5.6 | 2.1 | 1.1 | 4.0 | -10.6% |
| Oman | 9.1 | 8.6 | 12.9 | 2.5 | -35.0% |
| Others | 5.1 | 1.9 | 6.1 | 15.8 | 45.8% |
| Total | 185 | 35.2 | 47.6 | 158 | -5.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from the United Arab Emirates in 2022:
- Iran (29.7K tons)
- Oman (0.7K tons)
- Saudi Arabia (0.6K tons)
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