Price for Meat of Bovine Animals; Frozen in Jordan - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Jordan (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Jordan (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Jordan
- Exports of Meat of Bovine Animals; Frozen in Jordan
Price for Meat of Bovine Animals; Frozen in Jordan (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $7,002 per ton in December 2022, leveling off at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 0.9% against the previous month. Over the period under review, average import prices attained the peak figure at $7,040 per ton in August 2022; afterwards, it flattened through to December 2022.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($7,040 per ton) and Brazil ($7,040 per ton), while the price for the Netherlands ($5,627 per ton) and New Zealand ($6,785 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Jordan (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $6,259 per ton in 2022, growing by 27% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($6,259 per ton) and Saudi Arabia ($6,259 per ton), while the average price for exports to Kuwait ($6,259 per ton) and Qatar ($6,259 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 Qatar (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Jordan
In 2022, imports of meat of bovine animals; frozen into Jordan fell sharply to 11K tons, dropping by -30.5% on 2021. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 39%.
In value terms, meat of bovine animals; frozen imports dropped dramatically to $71M in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.2% 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 +26.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of $86M, and then dropped rapidly in the following year.
| Import of Meat of Bovine Animals; Frozen in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.6 | 27.9 | 41.5 | 33.4 | 6.6% |
| Brazil | 24.5 | 13.6 | 22.6 | 20.0 | -6.5% |
| United States | 6.4 | 4.7 | 6.7 | 5.7 | -3.8% |
| Australia | 4.6 | 3.7 | 4.7 | 4.9 | 2.1% |
| South Africa | 1.3 | 2.4 | 2.7 | 2.8 | 29.1% |
| New Zealand | 1.2 | 0.8 | 1.4 | 1.8 | 14.5% |
| United Arab Emirates | 0.1 | N/A | N/A | 1.1 | 122.4% |
| Others | 1.2 | 3.1 | 6.2 | 1.8 | 14.5% |
| Total | 66.9 | 56.2 | 85.8 | 71.4 | 2.2% |
Top Suppliers of Meat of Bovine Animals; Frozen to Jordan in 2022:
- India (5.0K tons)
- Brazil (3.0K tons)
- United States (0.9K tons)
- Australia (0.7K tons)
- South Africa (0.4K tons)
- New Zealand (0.3K tons)
- United Arab Emirates (0.2K tons)
Exports of Meat of Bovine Animals; Frozen in Jordan
For the third year in a row, Jordan recorded decline in overseas shipments of meat of bovine animals; frozen, which decreased by -21.4% to 415 tons in 2022. In general, exports saw a significant curtailment. The smallest decline of -1.8% was in 2020.
In value terms, meat of bovine animals; frozen exports shrank to $2.6M in 2022. Overall, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Meat of Bovine Animals; Frozen in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 193 | 479 | 30.8 | 1,112 | 79.3% |
| Iraq | 3,104 | 4,283 | 175 | 603 | -42.1% |
| Saudi Arabia | 469 | 734 | 105 | 496 | 1.9% |
| Free Zones | 1,139 | 1,907 | 95.0 | 151 | -49.0% |
| India | 39.5 | N/A | 15.2 | 85.2 | 29.2% |
| Kuwait | N/A | N/A | 52.2 | 80.4 | 54.0% |
| United Arab Emirates | 2,524 | 2,647 | 2,015 | 68.8 | -69.9% |
| Palestine | 850 | 14.2 | N/A | N/A | -98.3% |
| Others | 12.3 | 16.1 | 119 | N/A | 211.0% |
| Total | 8,332 | 10,081 | 2,607 | 2,597 | -32.2% |
Top Export Markets for Meat of Bovine Animals; Frozen from Jordan in 2022:
- Qatar (177.7 tons)
- Iraq (96.4 tons)
- Saudi Arabia (79.3 tons)
- Free Zones (24.1 tons)
- India (13.6 tons)
- Kuwait (12.8 tons)
- United Arab Emirates (11.0 tons)
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