MENA: Preserved Beef Market 2024

Preserved Beef Market Size in MENA

In 2022, after three years of growth, there was significant decline in the MENA's preserved beef market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Preserved Beef Production in MENA

In value terms, preserved beef production declined notably to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Preserved Beef Exports

Exports in MENA

In 2022, overseas shipments of beef and veal (salted, in brine, dried or smoked) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, preserved beef exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of beef and veal (salted, in brine, dried or smoked), making up X% of total exports. It was distantly followed by Kuwait (X tons), comprising a X% share of total exports. Israel (X tons), Jordan (X tons) and Turkey (X tons) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, Jordan (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Israel, Kuwait and Turkey increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest preserved beef supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Beef Imports

Imports in MENA

In 2022, the amount of beef and veal (salted, in brine, dried or smoked) imported in MENA skyrocketed to X tons, with an increase of X% on the previous year. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved beef imports surged to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the major importer of beef and veal (salted, in brine, dried or smoked), committing X% of total imports. It was distantly followed by Kuwait (X tons) and Qatar (X tons), together committing a X% share of total imports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, 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 MENA amounted to $X per ton, approximately equating the previous year. Overall, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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