Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $7,145 per ton in 2022, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 New Zealand ($11,821 per ton), while the price for Tanzania ($5,691 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $7,664 per ton in 2022, jumping by 52% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for meat of sheep or goats; fresh, chilled or frozen increased by +45.8% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($54,463 per ton), while the average price for exports to Australia ($916 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+44.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into the United Arab Emirates surged to 63K tons, picking up by 20% on 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $449M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +49.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 165 | 144 | 142 | 178 | 2.6% |
| Kenya | 39.4 | 30.8 | 38.6 | 70.9 | 21.6% |
| India | 69.5 | 35.9 | 42.6 | 59.7 | -4.9% |
| Ethiopia | 41.2 | 35.0 | 53.9 | 56.4 | 11.0% |
| Sudan | N/A | N/A | N/A | 19.5 | 0% |
| Kazakhstan | 1.4 | 3.4 | 6.3 | 12.7 | 108.6% |
| Tanzania | 0.5 | 0.1 | 1.3 | 12.4 | 191.6% |
| Pakistan | 9.6 | 16.3 | 11.3 | 9.1 | -1.8% |
| Others | 22.9 | 35.7 | 35.6 | 30.8 | 10.4% |
| Total | 350 | 301 | 332 | 449 | 8.7% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to the United Arab Emirates in 2022:
- Australia (22.2K tons)
- Kenya (12.1K tons)
- Ethiopia (8.2K tons)
- India (7.1K tons)
- Sudan (3.1K tons)
- Tanzania (2.2K tons)
- Kazakhstan (1.8K tons)
- Pakistan (1.3K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates
For the third year in a row, the United Arab Emirates recorded decline in overseas shipments of meat of sheep or goats; fresh, chilled or frozen, which decreased by -50.2% to 1.8K tons in 2022. Overall, exports recorded a dramatic descent. The smallest decline of -24.3% was in 2020.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen shrank sharply to $13M in 2022. In general, exports faced a dramatic contraction.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 12.1 | 16.0 | 15.5 | 3.2 | -35.8% |
| Ghana | N/A | N/A | N/A | 3.1 | 0% |
| Sri Lanka | N/A | N/A | N/A | 3.1 | 0% |
| Kuwait | N/A | N/A | N/A | 1.8 | 0% |
| Iraq | N/A | N/A | N/A | 0.6 | 0% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Iran | 26.2 | 10.4 | N/A | N/A | -60.3% |
| Others | 1.7 | 0.3 | 2.2 | 1.4 | -6.3% |
| Total | 40.0 | 26.7 | 17.8 | 13.5 | -30.4% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from the United Arab Emirates in 2022:
- Oman (712.8 tons)
- Kuwait (320.2 tons)
- Iraq (293.0 tons)
- Australia (72.8 tons)
- India (62.3 tons)
- Ghana (58.5 tons)
- Sri Lanka (56.2 tons)
- Turkey (47.9 tons)
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