Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (CIF) - 2022
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (CIF) - 2022

In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,214 per ton, growing by 18% against the previous year. Over the period under review, the import price recorded tangible growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +2.4% per year.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt (FOB) - 2022

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,333 per ton in 2022, which is down by -30.4% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 362% against the previous year. Over the period under review, the average export prices hit record highs at $9,184 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +23.3% per year.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt

In 2022, after two years of decline, there was significant growth in overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 13% to 2.8K tons. Overall, imports, however, continue to indicate a abrupt contraction.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $17M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Egypt in 2022:

1. Sudan (2.8K tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Egypt

In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume decreased by -99.9% to 24 kg. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 123% against the previous year. As a result, the exports reached the peak of 17 tons, and then declined significantly in the following year.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell sharply to $152 in 2022. In general, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 121%. As a result, the exports attained the peak of $154K, and then dropped remarkably in the following year.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Egypt in 2022:

1. Oman (24.0 kg)

Source: IndexBox Market Intelligence Platform