Middle East: Beef Market 2024

Beef Market Size in the Middle East

The Middle Eastern beef market dropped slightly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Beef Production in the Middle East

In value terms, beef production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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, Iran (X tons), fivefold. The third position in this ranking was taken by Israel (X tons), with a X% share.

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

The average beef yield contracted to X kg per head in 2022, approximately mirroring 2021. Over the period under review, the yield, however, showed modest growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2021, and then declined in the following year.

In 2022, the number of animals slaughtered for beef production in the Middle East contracted to X heads, which is down by X% compared with 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when the number of producing animals increased by X%. As a result, the amount of producing animals attained the peak level of X heads, and then contracted slightly in the following year.

Beef Exports

Exports in the Middle East

In 2022, shipments abroad of beef (cattle meat) was finally on the rise to reach X tons after two years of decline. Overall, exports showed measured growth. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, beef exports surged to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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 Saudi Arabia (X tons), constituting a X% share of total exports. Turkey (X tons) and Oman (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beef exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%) and Oman (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, beef exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: 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 the Middle East

Beef imports declined slightly to X tons in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, beef imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons), Israel (X tons) and Saudi Arabia (X tons) represented the main importer of beef (cattle meat) in the Middle East, mixing up X% of total import. Iraq (X tons) ranks next in terms of the total imports with an X% share, followed by Kuwait (X%) and Iran (X%). Qatar (X tons) held a minor share of total imports.

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

In value terms, the largest beef importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Kuwait, Iraq, Qatar and Iran lagged somewhat behind, together comprising a further X%.

Among 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

The import price in the Middle East stood at $X per ton in 2022, increasing 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.

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

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

Source: IndexBox Platform

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