Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan (FOB) - 2023
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan (FOB) - 2023
In July 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $7,880 per ton, approximately mirroring the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 5.9% month-to-month. As a result, the export price attained the peak level of $8,658 per ton. From September 2022 to July 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Kuwait ($8,494 per ton) and Qatar ($8,371 per ton), while the average price for exports to the United Arab Emirates ($7,651 per ton) and Bahrain ($7,832 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 Qatar (+0.3%), while the prices for the other major destinations experienced a decline.
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan
In 2022, shipments abroad of meat of sheep or goats; fresh, chilled or frozen decreased by -10.6% to 3.7K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 6.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen contracted modestly to $30M in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 18%. As a result, the exports reached the peak of $45M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 17.4 | 13.2 | 8.0 | 10.3 | -16.0% |
| United Arab Emirates | 8.6 | 16.9 | 11.6 | 8.8 | 0.8% |
| Qatar | 3.3 | 5.4 | 5.8 | 5.9 | 21.4% |
| Bahrain | 3.2 | 3.0 | 2.2 | 2.5 | -7.9% |
| Kuwait | 3.4 | 4.7 | 2.5 | 1.5 | -23.9% |
| Oman | 2.4 | 1.7 | 1.1 | 1.3 | -18.5% |
| Others | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 38.3 | 45.0 | 31.5 | 30.4 | -7.4% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Pakistan in 2022:
- Saudi Arabia (1210.9 tons)
- United Arab Emirates (1120.8 tons)
- Qatar (714.1 tons)
- Bahrain (299.1 tons)
- Kuwait (165.3 tons)
- Oman (153.5 tons)
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