MENA: Beef Market 2024

Beef Market Size in MENA

The MENA's beef market fell slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Beef Production in MENA

In value terms, beef production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The country with the largest volume of beef production was Turkey (X tons), comprising approx. X% of total volume. Moreover, beef production in Turkey exceeded the figures recorded by the second-largest producer, Egypt (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Turkey totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Egypt (X% per year) and Iran (X% per year).

The average beef yield fell to X kg per head in 2022, remaining constant against the year before. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the beef yield remained at a lower figure.

In 2022, number of animals slaughtered for beef production in MENA contracted to X heads, which is down by X% against the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the amount of animals produced reached the peak level of X heads, and then fell modestly in the following year.

Beef Exports

Exports in MENA

In 2022, shipments abroad of beef (cattle meat) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw noticeable growth. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, beef exports surged to $X in 2022. Overall, exports enjoyed resilient growth. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. Turkey (X tons) and Oman (X tons) held a relatively small share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) and Oman (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Turkey (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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing 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 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain 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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Beef Imports

Imports in MENA

In 2022, imports of beef (cattle meat) in MENA dropped to X tons, almost unchanged from 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, beef imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), Egypt (X tons), Israel (X tons) and Saudi Arabia (X tons) represented the largest importer of beef (cattle meat) in MENA, committing X% of total import. Iraq (X tons) took the next position in the ranking, followed by Kuwait (X tons). All these countries together took approx. X% share of total imports. Iran (X tons), Algeria (X tons), Qatar (X tons), Jordan (X tons), Lebanon (X tons), Oman (X tons) and Libya (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 Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beef importing markets in MENA were Egypt ($X), Israel ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Saudi Arabia, Kuwait, Iraq, Jordan, Qatar, Iran, Algeria, Lebanon, Oman and Libya lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, growing 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 reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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