Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates - 2022

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (CIF) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (CIF) - 2022

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,183 per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $4,199 per ton, leveling off in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($4,184 per ton), while the price for Australia amounted to $3,141 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.6%).

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $3,559 per ton in 2022, which is down by -28.4% against the previous year. Overall, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 113%. The export price peaked at $5,785 per ton in 2012; however, from 2013 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 Oman amounted to -4.8% per year.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat, when their volume decreased by -63.2% to 12K tons. Overall, imports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports attained the peak of 32K tons, and then fell sharply in the following year.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat dropped markedly to $50M in 2022. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $135M, and then dropped rapidly in the following year.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to the United Arab Emirates in 2022:

1. Pakistan (11.5K tons)
2. Australia (0.3K tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United Arab Emirates

In 2022, shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat was finally on the rise to reach 823 tons after two years of decline. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $2.9M in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from the United Arab Emirates in 2022:

1. Oman (818.5 tons)

Source: IndexBox Market Intelligence Platform