GCC: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in GCC

In 2022, the GCC preserved cows meat market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Cows Meat Production in GCC

In value terms, preserved cows meat production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports in GCC

In 2022, approx. X tons of prepared or preserved meat or offal of bovine animals were exported in GCC; surging by X% compared with 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, preserved cows meat exports soared to $X in 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the largest exporter of prepared or preserved meat or offal of bovine animals in GCC, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the prepared or preserved meat or offal of bovine animals exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest preserved cows meat supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Preserved Cows Meat Imports

Imports in GCC

In 2022, overseas purchases of prepared or preserved meat or offal of bovine animals decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports contracted to $X in 2022. Overall, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by Bahrain (X tons), Qatar (X tons) and Oman (X tons), together creating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved cows meat importing markets in GCC were Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X), together comprising X% of total imports.

Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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