Price for Meat of Bovine Animals; Fresh or Chilled in India - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in India (FOB) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in India (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in India
- Imports of Meat of Bovine Animals; Fresh or Chilled in India
Price for Meat of Bovine Animals; Fresh or Chilled in India (FOB) - 2023
In November 2023, the average export price for meat of bovine animals; fresh or chilled amounted to $4,014 per ton, approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 9% month-to-month. The export price peaked at $4,082 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the countries with the highest prices were Saudi Arabia ($4,565 per ton) and Kuwait ($4,161 per ton), while the average price for exports to Qatar ($3,633 per ton) and Jordan ($3,800 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in India (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $5,465 per ton in 2022, dropping by -18.7% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $9,915 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,498 per ton), while the price for the United Arab Emirates amounted to $5,222 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Fresh or Chilled in India
Exports of meat of bovine animals; fresh or chilled from India surged to 24K tons in 2022, jumping by 41% on the previous year. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 94% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of meat of bovine animals; fresh or chilled skyrocketed to $90M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 97%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Meat of Bovine Animals; Fresh or Chilled in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 3.3 | 3.6 | 20.9 | 33.1 | 115.7% |
| United Arab Emirates | 21.1 | 14.5 | 21.4 | 22.0 | 1.4% |
| Saudi Arabia | 16.0 | 9.5 | 12.7 | 17.1 | 2.2% |
| Bahrain | 1.7 | 1.5 | 2.7 | 4.9 | 42.3% |
| Kuwait | 1.5 | 1.1 | 2.1 | 4.1 | 39.8% |
| Qatar | 1.9 | 1.3 | 2.1 | 3.3 | 20.2% |
| Lebanon | N/A | N/A | 1.0 | 2.7 | 170.0% |
| Oman | 1.1 | 1.5 | 1.7 | 2.3 | 27.9% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 46.7 | 32.9 | 65.0 | 89.9 | 24.4% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from India in 2022:
- Jordan (8.8K tons)
- United Arab Emirates (6.0K tons)
- Saudi Arabia (4.2K tons)
- Bahrain (1.3K tons)
- Kuwait (1.1K tons)
- Qatar (0.9K tons)
- Lebanon (0.7K tons)
- Oman (0.6K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in India
In 2022, approx. 17 tons of meat of bovine animals; fresh or chilled were imported into India; rising by 199% compared with the year before. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $92K in 2022. In general, imports, however, saw a abrupt setback.
| Import of Meat of Bovine Animals; Fresh or Chilled in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 116 | 37.1 | 6.5 | 83.7 | -10.3% |
| United States | 0.4 | 16.0 | 20.8 | 7.2 | 162.1% |
| Oman | N/A | N/A | 6.6 | N/A | 0% |
| Australia | N/A | 63.3 | N/A | N/A | 0% |
| Qatar | N/A | 28.8 | N/A | N/A | 0% |
| Others | 6.7 | 1.3 | 4.1 | 1.3 | -42.1% |
| Total | 123 | 147 | 38.0 | 92.3 | -9.1% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to India in 2022:
- United Arab Emirates (16.0 tons)
- United States (0.6 tons)
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