MENA: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in MENA

The MENA's fresh beef carcase market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a measured increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Beef Carcase Production in MENA

In value terms, fresh beef carcase production dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fresh Beef Carcase Exports

Exports in MENA

In 2022, approx. X tons of fresh or chilled carcases of beef and veal were exported in MENA; rising by X% against the year before. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fresh beef carcase exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Iran (X tons), mixing up a X% share of total exports. The following exporters - Turkey (X tons) and Egypt (X tons) - each accounted for an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh beef carcase exports from the United Arab Emirates stood at X%. At the same time, Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iran (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and Turkey (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 period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced 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 years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Egypt ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Fresh Beef Carcase Imports

Imports in MENA

In 2022, overseas purchases of fresh or chilled carcases of beef and veal were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh beef carcase imports rose notably to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importer of fresh or chilled carcases of beef and veal in MENA, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Algeria (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Qatar (X%). The following importers - Bahrain (X tons), Israel (X tons) and Egypt (X tons) - together made up X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), Egypt (X%), Algeria (X%), Qatar (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Kuwait, Algeria, Qatar, Israel and Egypt increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fresh or chilled carcases of beef and veal in MENA, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

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