Price for Meat of Bovine Animals; Frozen in Pakistan - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Pakistan (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Pakistan (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Pakistan
- Imports of Meat of Bovine Animals; Frozen in Pakistan
Price for Meat of Bovine Animals; Frozen in Pakistan (FOB) - 2023
In February 2023, the average export price for meat of bovine animals; frozen amounted to $3,683 per ton, with an increase of 24% against the previous month. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $3,692 per ton in August 2022; afterwards, it flattened through to February 2023.
Average prices varied noticeably for the major external markets. In February 2023, the country with the highest price was Saudi Arabia ($4,033 per ton), while the average price for exports to Uzbekistan ($3,568 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Pakistan (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $5,040 per ton in February 2023, jumping by 45% against the previous month. In general, the import price saw a modest increase. The pace of growth was the most pronounced in November 2022 an increase of 52% against the previous month. Over the period under review, average import prices attained the peak figure at $6,260 per ton in December 2022; however, from January 2023 to February 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Jordan ($9,456 per ton), while the price for the United Arab Emirates stood at $4,493 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Jordan (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Pakistan
In 2022, shipments abroad of meat of bovine animals; frozen decreased by -33.9% to 1.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports reached the peak of 6.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, meat of bovine animals; frozen exports dropped notably to $4.6M in 2022. Overall, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 7.2% against the previous year. As a result, the exports reached the peak of $21M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Meat of Bovine Animals; Frozen in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2.0 | 1.3 | 3.0 | 1.0 | -20.6% |
| Vietnam | 6.8 | 2.5 | 0.1 | 1.0 | -47.2% |
| Malaysia | 2.5 | 8.4 | 0.1 | 0.8 | -31.6% |
| Azerbaijan | 3.7 | 1.9 | 0.4 | 0.6 | -45.5% |
| United Arab Emirates | 1.8 | 0.9 | 0.7 | 0.4 | -39.4% |
| Oman | 0.4 | 0.7 | 0.5 | 0.2 | -20.6% |
| Hong Kong SAR | 0.8 | 0.8 | 0.5 | 0.2 | -37.0% |
| Thailand | N/A | 1.0 | 0.5 | N/A | -50.0% |
| Others | 1.1 | 3.0 | 0.9 | 0.4 | -28.6% |
| Total | 19.1 | 20.5 | 6.9 | 4.6 | -37.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Pakistan in 2022:
- Vietnam (313.7 tons)
- Saudi Arabia (260.7 tons)
- Malaysia (237.5 tons)
- Azerbaijan (192.3 tons)
- United Arab Emirates (90.2 tons)
- Hong Kong SAR (78.2 tons)
- Oman (59.6 tons)
Imports of Meat of Bovine Animals; Frozen in Pakistan
In 2022, the amount of meat of bovine animals; frozen imported into Pakistan soared to 699 tons, with an increase of 181% against 2021 figures. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $2.1M in 2022. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,194 | 965 | 1,261 | 1,854 | 15.8% |
| Jordan | 30.3 | 22.4 | 172 | 253 | 102.9% |
| Australia | 72.5 | 28.9 | 4.2 | 41.3 | -17.1% |
| India | 403 | N/A | N/A | N/A | 0% |
| Others | 102 | N/A | 88.0 | N/A | -7.1% |
| Total | 1,802 | 1,017 | 1,525 | 2,148 | 6.0% |
Top Suppliers of Meat of Bovine Animals; Frozen to Pakistan in 2022:
- United Arab Emirates (612.9 tons)
- Jordan (65.9 tons)
- Australia (20.6 tons)
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