Middle East: Frozen Beef Carcase Market Overview 2020

Frozen Beef Carcase Market Size in Middle East

The revenue of the frozen beef carcase market in Middle East amounted to $X in 2017, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a moderate expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen beef carcase consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2017, when market value increased by X% year-to-year. In that year, the frozen beef carcase market reached their peak level, and is likely to continue its growth in the immediate term.

Frozen Beef Carcase Exports in Middle East

In 2017, exports of frozen carcases of beef and veal in Middle East amounted to X tonnes, coming down by -X% against the previous year. The frozen beef carcase exports continue to indicate an abrupt shrinkage. The pace of growth appeared the most rapid in 2010, when exports increased by X% y-o-y. The volume of exports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, frozen beef carcase exports stood at $X in 2017. The frozen beef carcase exports continue to indicate a pronounced setback. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Frozen Beef Carcase Exports by Country in Middle East

Kuwait (X tonnes), Jordan (X tonnes) and the United Arab Emirates (X tonnes) represented roughly X% of total exports of frozen carcases of beef and veal in 2017. It was distantly followed by Oman (X tonnes), generating X% share of total exports. Syrian Arab Republic (X tonnes) and Bahrain (X tonnes) occupied the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen beef carcase markets worldwide were the United Arab Emirates ($X), Kuwait ($X) and Jordan ($X), together comprising X% of total exports.

Among the main exporting countries , Kuwait (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Export Prices by Country in Middle East

The frozen beef carcase export price in Middle East stood at $X per tonne in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017, an increase of X% against the previous year. In that year, the export prices for frozen carcases of beef and veal reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Syrian Arab Republic ($X per tonne), while Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Syrian Arab Republic (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Imports in Middle East

In 2017, the amount of frozen carcases of beef and veal imported in Middle East stood at X tonnes, growing by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2010, when imports increased by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, frozen beef carcase imports amounted to $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen beef carcase imports increased by +X% against 2014 indices. Over the period under review, the frozen beef carcase imports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Frozen Beef Carcase Imports by Country in Middle East

In 2017, Iran (X tonnes), distantly followed by Saudi Arabia (X tonnes), Israel (X tonnes), the United Arab Emirates (X tonnes) and Iraq (X tonnes) represented the largest importers of frozen carcases of beef and veal, together mixed up X% of total imports. Jordan (X tonnes), Kuwait (X tonnes) and Turkey (X tonnes) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen beef carcase markets worldwide were Iran ($X), Israel ($X) and Saudi Arabia ($X), together comprising X% of total imports. The United Arab Emirates, Iraq, Kuwait, Turkey and Jordan lagged somewhat behind, together comprising a further X%.

Iraq (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Import Prices by Country in Middle East

The frozen beef carcase import price in Middle East stood at $X per tonne in 2017, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for frozen carcases of beef and veal attained its peak figure level of $X per tonne in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Israel ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Israel (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform