Price for Fresh or Chilled Boneless Cuts of Bovine Meat in India - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in India (FOB) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in India (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in India
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in India
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in India (FOB) - 2023
In November 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $4,014 per ton, flattening at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 9% month-to-month. The export price peaked at $4,082 per ton in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In November 2023, the countries with the highest prices were Saudi Arabia ($4,565 per ton) and Kuwait ($4,161 per ton), while the average price for exports to Qatar ($3,633 per ton) and Jordan ($3,800 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in India (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $4,304 per ton, declining by -16.2% against the previous year. In general, the import price, however, saw modest growth. The growth pace was the most rapid in 2013 an increase of 117%. Over the period under review, average import prices reached the peak figure at $12,734 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,313 per ton), while the price for the United Arab Emirates amounted to $4,229 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in India
Exports of fresh or chilled boneless cuts of bovine meat from India skyrocketed to 24K tons in 2022, growing by 40% against the previous year. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $90M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 97%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 3.4 | 3.6 | 21.0 | 33.1 | 113.5% |
| United Arab Emirates | 20.8 | 14.4 | 21.2 | 22.0 | 1.9% |
| Saudi Arabia | 16.2 | 9.5 | 12.8 | 17.1 | 1.8% |
| Bahrain | 1.7 | 1.5 | 2.8 | 4.9 | 42.3% |
| Kuwait | 1.6 | 1.1 | 2.2 | 4.1 | 36.8% |
| Qatar | 1.9 | 1.3 | 2.1 | 3.3 | 20.2% |
| Lebanon | N/A | N/A | 1.0 | 2.7 | 170.0% |
| Oman | 1.1 | 1.5 | 1.7 | 2.3 | 27.9% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 46.7 | 32.9 | 64.9 | 89.8 | 24.4% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from India in 2022:
- Jordan (8.8K tons)
- United Arab Emirates (6.0K tons)
- Saudi Arabia (4.2K tons)
- Bahrain (1.3K tons)
- Kuwait (1.1K tons)
- Qatar (0.9K tons)
- Lebanon (0.7K tons)
- Oman (0.6K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in India
In 2022, the amount of fresh or chilled boneless cuts of bovine meat imported into India surged to 65 tons, picking up by 1,168% compared with the year before. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat surged to $280K in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,491% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 6.5 | 256 | 3838.5% |
| United States | 2.6 | 16.0 | 11.8 | 22.1 | 104.1% |
| Brazil | 2.0 | 1.0 | 1.4 | 1.8 | -3.5% |
| Oman | N/A | N/A | 6.6 | N/A | 0% |
| Australia | N/A | 63.3 | N/A | N/A | 0% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 5.0 | 80.3 | 26.3 | 280 | 282.6% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to India in 2022:
- United Arab Emirates (60.5 tons)
- United States (4.2 tons)
- Brazil (0.3 tons)
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