Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (FOB) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $4,311 per ton in 2022, falling by -3.1% against the previous year. In general, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 an increase of 21%. The export price peaked at $4,986 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($6,252 per ton), while the average price for exports to Bahrain ($3,401 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 Qatar (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $2,520 per ton, waning by -6.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $3,547 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($2,981 per ton), while the price for the United Arab Emirates stood at $2,433 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan
In 2022, after two years of decline, there was significant growth in shipments abroad of fresh or chilled boneless cuts of bovine meat, when their volume increased by 112% to 65 tons. Over the period under review, exports, however, continue to indicate a precipitous decrease.
In value terms, exports of fresh or chilled boneless cuts of bovine meat soared to $279K in 2022. Overall, exports, however, continue to indicate a sharp setback.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 327 | 2.5 | 3.9 | 114 | -29.6% |
| United Arab Emirates | 1,681 | 505 | 128 | 65.3 | -66.1% |
| Uzbekistan | N/A | N/A | N/A | 39.1 | 0% |
| Jordan | N/A | N/A | N/A | 28.6 | 0% |
| Bahrain | 0.4 | 4.5 | 1.5 | 15.1 | 235.5% |
| Oman | 33.9 | 9.4 | 1.5 | 10.2 | -33.0% |
| Qatar | 22.8 | 30.9 | 0.7 | 6.8 | -33.2% |
| Azerbaijan | 4,456 | N/A | N/A | N/A | 0% |
| Others | 5.5 | 7.9 | N/A | N/A | 43.6% |
| Total | 6,526 | 560 | 136 | 279 | -65.0% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Pakistan in 2022:
- Saudi Arabia (30.2 tons)
- United Arab Emirates (11.5 tons)
- Uzbekistan (9.4 tons)
- Jordan (6.3 tons)
- Bahrain (4.4 tons)
- Oman (1.9 tons)
- Qatar (1.1 tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan
In 2022, after three years of growth, there was significant decline in overseas purchases of fresh or chilled boneless cuts of bovine meat, when their volume decreased by -93% to 13 tons. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 178%. As a result, imports attained the peak of 182 tons, and then fell dramatically in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat declined significantly to $32K in 2022. Over the period under review, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. As a result, imports attained the peak of $492K, and then dropped markedly in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 65.4 | 150 | 431 | 29.3 | -23.5% |
| Jordan | N/A | N/A | N/A | 1.8 | 0% |
| Norway | N/A | N/A | 15.8 | N/A | 0% |
| New Zealand | N/A | N/A | 26.9 | N/A | 0% |
| Australia | N/A | N/A | 15.4 | N/A | 0% |
| Turkey | N/A | 26.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 3.2 | 1.1 | -65.6% |
| Total | 65.4 | 176 | 492 | 32.2 | -21.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Pakistan in 2022:
- United Arab Emirates (12.0 tons)
- Jordan (0.6 tons)
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