Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait - 2022
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait (CIF) - 2022
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait (CIF) - 2022
In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $4,760 per ton, increasing by 30% against the previous year. Overall, import price indicated a prominent expansion from 2013 to 2022: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen carcasses and half-carcasses of bovine meat decreased by -9.9% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $5,280 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,760 per ton), while the price for Australia ($4,760 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait
In 2022, supplies from abroad of frozen carcasses and half-carcasses of bovine meat was finally on the rise to reach 81 tons after two years of decline. Over the period under review, imports recorded a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat soared to $387K in 2022. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.6 | 7.2 | 4.8 | 278 | 146.3% |
| Pakistan | 58.9 | 30.1 | 11.8 | 62.2 | 1.8% |
| Australia | 2.7 | 2.9 | 1.8 | 44.8 | 155.1% |
| Paraguay | 156 | 93.8 | 43.3 | N/A | -47.3% |
| Netherlands | 16.3 | N/A | N/A | N/A | 0% |
| Ethiopia | 33.9 | 17.7 | 7.1 | N/A | -54.2% |
| Others | 28.6 | 34.6 | 11.2 | 2.3 | -56.8% |
| Total | 315 | 186 | 80.0 | 387 | 7.1% |
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Kuwait in 2022:
- United States (58.3 tons)
- Pakistan (13.1 tons)
- Australia (9.4 tons)
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