Price for Meat of Bovine Animals; Frozen in India - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in India (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in India (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in India
- Imports of Meat of Bovine Animals; Frozen in India
Price for Meat of Bovine Animals; Frozen in India (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $2,940 per ton, shrinking by -1.8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 9.5% month-to-month. The export price peaked at $2,993 per ton in June 2023, and then declined in the following month.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Indonesia ($3,158 per ton) and Saudi Arabia ($3,150 per ton), while the average price for exports to Iraq ($2,701 per ton) and the Philippines ($2,786 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in India (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $3,845 per ton, surging by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 ($11,692 per ton), while the price for the United Arab Emirates ($1,511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in India
In 2022, the amount of meat of bovine animals; frozen exported from India stood at 1.1M tons, with an increase of 8.6% against the year before. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports declined to $2.9B in 2022. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 6.3%.
| Export of Meat of Bovine Animals; Frozen in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 319 | 403 | 547 | 577 | 21.8% |
| Vietnam | 1,261 | 547 | 307 | 540 | -24.6% |
| Malaysia | 367 | 519 | 333 | 351 | -1.5% |
| Hong Kong SAR | 36.7 | 169 | 171 | 246 | 88.5% |
| Indonesia | 27.5 | 62.5 | 67.1 | 236 | 104.7% |
| Iraq | 190 | 194 | 165 | 174 | -2.9% |
| Saudi Arabia | 104 | 134 | 112 | 118 | 4.3% |
| Philippines | 88.3 | 128 | 101 | 107 | 6.6% |
| United Arab Emirates | 75.2 | 105 | 74.4 | 78.5 | 1.4% |
| Myanmar | 106 | 45.2 | 30.8 | 36.9 | -29.7% |
| Algeria | 69.6 | 64.3 | 13.2 | 35.5 | -20.1% |
| Others | 418 | 391 | 1,015 | 386 | -2.6% |
| Total | 3,063 | 2,762 | 2,937 | 2,886 | -2.0% |
Top Export Markets for Meat of Bovine Animals; Frozen from India in 2022:
- Egypt (233.3K tons)
- Vietnam (201.5K tons)
- Malaysia (128.8K tons)
- Hong Kong SAR (86.4K tons)
- Indonesia (78.6K tons)
- Iraq (77.4K tons)
- Saudi Arabia (42.7K tons)
- Philippines (39.0K tons)
- United Arab Emirates (33.9K tons)
- Myanmar (14.6K tons)
- Algeria (13.5K tons)
Imports of Meat of Bovine Animals; Frozen in India
In 2022, approx. 716 tons of meat of bovine animals; frozen were imported into India; falling by -11.1% on the year before. In general, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
In value terms, meat of bovine animals; frozen imports declined to $2.8M in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 9.1% against the previous year. As a result, imports reached the peak of $2.9M, and then contracted in the following year.
| Import of Meat of Bovine Animals; Frozen in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 905 | 366 | 937 | 845 | -2.3% |
| Qatar | 454 | 668 | 758 | 683 | 14.6% |
| United States | 86.4 | 83.1 | 388 | 350 | 59.4% |
| United Arab Emirates | 287 | 312 | 240 | 224 | -7.9% |
| Brazil | 97.2 | N/A | N/A | 106 | 2.9% |
| Oman | 213 | 53.3 | 49.4 | 91.6 | -24.5% |
| Bahrain | 102 | 149 | 97.5 | 84.1 | -6.2% |
| Kuwait | 110 | 150 | 91.5 | 73.4 | -12.6% |
| Yemen | 60.5 | 99.4 | 73.1 | 70.9 | 5.4% |
| Vietnam | 61.9 | 94.3 | 64.3 | 57.8 | -2.3% |
| Philippines | 38.2 | 64.3 | 44.0 | 39.6 | 1.2% |
| Malaysia | 231 | N/A | N/A | N/A | 0% |
| Kyrgyzstan | N/A | 131 | N/A | N/A | 0% |
| Others | 138 | 461 | 128 | 125 | -3.2% |
| Total | 2,785 | 2,631 | 2,871 | 2,751 | -0.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to India in 2022:
- Saudi Arabia (230.5 tons)
- Qatar (158.6 tons)
- United Arab Emirates (148.4 tons)
- Oman (34.8 tons)
- United States (29.9 tons)
- Bahrain (20.2 tons)
- Kuwait (20.2 tons)
- Brazil (13.6 tons)
- Vietnam (13.4 tons)
- Yemen (12.9 tons)
- Philippines (12.5 tons)
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