Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates - 2022
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (CIF) - 2022
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (FOB) - 2022
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates
- Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (CIF) - 2022
The average import price for frozen carcasses and half-carcasses of bovine meat stood at $4,670 per ton in 2022, surging by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level 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 Brazil ($6,880 per ton), while the price for Uruguay ($499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (FOB) - 2022
The average export price for frozen carcasses and half-carcasses of bovine meat stood at $9,576 per ton in 2022, with an increase of 196% against the previous year. Overall, the export price recorded strong growth. 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 Seychelles ($26,120 per ton), while the average price for exports to China ($888 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 Bahrain (+22.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates
In 2022, purchases abroad of frozen carcasses and half-carcasses of bovine meat decreased by -42.1% to 425 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 217%. As a result, imports reached the peak of 4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat dropped dramatically to $2M in 2022. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 201% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 0.7 | 0% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Australia | 0.2 | 0.4 | N/A | 0.1 | -20.6% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Ireland | N/A | N/A | N/A | 0.1 | 0% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Ethiopia | 1.6 | 0.3 | N/A | N/A | -81.3% |
| Uruguay | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 2.4 | 12.1 | 2.3 | N/A | -2.1% |
| Others | N/A | 0.2 | 0.1 | 0.6 | 73.2% |
| Total | 4.3 | 13.1 | 2.4 | 2.0 | -22.5% |
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to the United Arab Emirates in 2022:
- Brazil (103.3 tons)
- Spain (100.4 tons)
- Uruguay (57.1 tons)
- Belgium (28.5 tons)
- Ireland (24.1 tons)
- Portugal (22.5 tons)
- Australia (20.1 tons)
Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates
In 2022, exports of frozen carcasses and half-carcasses of bovine meat from the United Arab Emirates skyrocketed to 70 tons, picking up by 17% against 2021 figures. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 414%.
In value terms, exports of frozen carcasses and half-carcasses of bovine meat soared to $673K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 246% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | N/A | N/A | N/A | 350 | 0% |
| Seychelles | 6.7 | 1.1 | 6.4 | 83.1 | 131.5% |
| Iraq | N/A | N/A | N/A | 82.9 | 0% |
| Kuwait | 4.4 | 21.7 | 80.0 | 58.2 | 136.5% |
| China | N/A | N/A | N/A | 1.8 | 0% |
| Oman | 358 | 30.5 | 107 | 1.6 | -83.5% |
| Others | 5.2 | 3.0 | 1.7 | 95.7 | 164.0% |
| Total | 374 | 56.3 | 195 | 673 | 21.6% |
Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from the United Arab Emirates in 2022:
- Maldives (39.5 tons)
- Iraq (12.5 tons)
- Kuwait (11.3 tons)
- Seychelles (3.2 tons)
- China (2.0 tons)
- Oman (0.6 tons)
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