Price for Frozen Boneless Cuts of Bovine Meat in Egypt - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Egypt (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Egypt (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Egypt
- Exports of Frozen Boneless Cuts of Bovine Meat in Egypt
Price for Frozen Boneless Cuts of Bovine Meat in Egypt (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $6,638 per ton, surging by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($6,638 per ton), while the price for Brazil totaled $6,638 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%).
Price for Frozen Boneless Cuts of Bovine Meat in Egypt (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $6,259 per ton in 2022, growing by 24% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2015 an increase of 462% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($6,259 per ton) and Cote d'Ivoire ($6,259 per ton), while the average price for exports to Tunisia ($6,259 per ton) and Kenya ($6,259 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Egypt
Imports of frozen boneless cuts of bovine meat into Egypt fell to 151K tons in 2022, declining by -12.3% against the year before. In general, imports saw a deep contraction.
In value terms, imports of frozen boneless cuts of bovine meat expanded remarkably to $1B in 2022. Over the period under review, imports showed a abrupt downturn.
| Import of Frozen Boneless Cuts of Bovine Meat in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 466 | 462 | 576 | 581 | 7.6% |
| Brazil | 982 | 704 | 216 | 392 | -26.4% |
| Others | 43.1 | 67.1 | 124 | 31.2 | -10.2% |
| Total | 1,491 | 1,233 | 916 | 1,004 | -12.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Egypt in 2022:
- India (87.5K tons)
- Brazil (59.0K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Egypt
After three years of growth, overseas shipments of frozen boneless cuts of bovine meat decreased by -33.5% to 198 tons in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 502%.
In value terms, exports of frozen boneless cuts of bovine meat reduced remarkably to $1.2M in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 424% against the previous year.
| Export of Frozen Boneless Cuts of Bovine Meat in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | N/A | N/A | 1.6 | 398 | 24775.0% |
| Ghana | 63.2 | 170 | 302 | 312 | 70.3% |
| Kenya | N/A | 144 | 248 | 245 | 30.4% |
| Cote d'Ivoire | 62.3 | 364 | 163 | 237 | 56.1% |
| Tunisia | N/A | N/A | 46.5 | 44.1 | -5.2% |
| Kuwait | N/A | 283 | 363 | N/A | 28.3% |
| United Arab Emirates | 2.4 | 53.7 | N/A | N/A | 2137.5% |
| Pakistan | 102 | 114 | 150 | N/A | 21.3% |
| Others | N/A | 74.0 | 227 | 1.0 | -88.4% |
| Total | 230 | 1,203 | 1,501 | 1,237 | 75.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Egypt in 2022:
- Palestine (63.6 tons)
- Ghana (49.9 tons)
- Kenya (39.2 tons)
- Cote d'Ivoire (37.8 tons)
- Tunisia (7.0 tons)
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