Saudi Arabia: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Saudi Arabia

In 2022, the Saudi preserved cows meat market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted strong growth. Preserved cows meat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Cows Meat Production in Saudi Arabia

In value terms, preserved cows meat production fell to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Preserved Cows Meat Exports

Exports from Saudi Arabia

In 2022, after four years of decline, there was significant growth in shipments abroad of prepared or preserved meat or offal of bovine animals, when their volume increased by X% to X tons. In general, exports, however, recorded a slight slump. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Jordan (X tons) and Oman (X tons) were the main destinations of preserved cows meat exports from Saudi Arabia, with a combined X% share of total exports. Lebanon and Bahrain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for preserved cows meat exported from Saudi Arabia were the United Arab Emirates ($X), Jordan ($X) and Oman ($X), with a combined X% share of total exports. Lebanon and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of prepared or preserved meat or offal of bovine animals, when their volume decreased by X% to X tons. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports shrank markedly to $X in 2021. Overall, imports continue to indicate a mild decrease. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Brazil (X tons) and India (X tons) were the main suppliers of preserved cows meat imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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