Price for Meat of Bovine Animals; Frozen in Kuwait - 2021
Contents:
- Price for Meat of Bovine Animals; Frozen in Kuwait (CIF) - 2021
- Price for Meat of Bovine Animals; Frozen in Kuwait (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Kuwait
- Exports of Meat of Bovine Animals; Frozen in Kuwait
Price for Meat of Bovine Animals; Frozen in Kuwait (CIF) - 2021
The average import price for meat of bovine animals; frozen stood at $4,803 per ton in December 2021, almost unchanged from the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 16% month-to-month. Over the period under review, average import prices attained the peak figure at $5,467 per ton in June 2021; however, from July 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,862 per ton), while the price for India ($2,994 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Kuwait (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,926 per ton, with a decrease of -8.8% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat of bovine animals; frozen export price increased by +101.4% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 88% against the previous year. The export price peaked at $5,400 per ton in 2021, and then shrank in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($5,659 per ton), while the average price for exports to the United Arab Emirates ($4,785 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 Saudi Arabia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Kuwait
In 2022, after three years of growth, there was significant decline in purchases abroad of meat of bovine animals; frozen, when their volume decreased by -5% to 19K tons. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year.
In value terms, meat of bovine animals; frozen imports shrank to $88M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $99M, and then fell in the following year.
| Import of Meat of Bovine Animals; Frozen in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.9 | 13.8 | 24.8 | 22.2 | 11.8% |
| Paraguay | 15.8 | 22.9 | 24.6 | 22.0 | 11.7% |
| India | 16.8 | 16.3 | 18.6 | 16.6 | -0.4% |
| Australia | 9.0 | 7.8 | 12.0 | 10.8 | 6.3% |
| Saudi Arabia | 12.6 | 5.5 | 2.7 | 6.1 | -21.5% |
| Uruguay | 0.4 | 0.7 | 3.8 | 3.4 | 104.1% |
| United Arab Emirates | 3.3 | 1.9 | 2.1 | 2.2 | -12.6% |
| South Africa | 1.4 | 3.8 | 1.2 | 1.9 | 10.7% |
| Brazil | N/A | 1.2 | 4.7 | N/A | 291.7% |
| Others | 3.0 | 3.1 | 4.9 | 3.0 | 0.0% |
| Total | 78.2 | 76.9 | 99.3 | 88.1 | 4.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Kuwait in 2022:
- India (5.6K tons)
- Paraguay (5.1K tons)
- United States (3.0K tons)
- Australia (2.0K tons)
- Saudi Arabia (1.4K tons)
- Uruguay (1.0K tons)
- South Africa (0.5K tons)
- United Arab Emirates (0.3K tons)
Exports of Meat of Bovine Animals; Frozen in Kuwait
In 2022, overseas shipments of meat of bovine animals; frozen were finally on the rise to reach 385 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant contraction.
In value terms, meat of bovine animals; frozen exports amounted to $1.9M in 2022. In general, exports, however, continue to indicate a abrupt descent.
| Export of Meat of Bovine Animals; Frozen in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 345 | 1,348 | 1,308 | 1,521 | 64.0% |
| Qatar | 101 | 625 | 280 | 326 | 47.8% |
| Bahrain | 37.4 | 109 | 43.8 | 50.9 | 10.8% |
| Iraq | 2,489 | N/A | 8.1 | N/A | -94.3% |
| Jordan | 234 | N/A | N/A | N/A | 0% |
| Yemen | 215 | N/A | N/A | N/A | 0% |
| Others | N/A | 22.2 | 52.6 | N/A | 136.9% |
| Total | 3,421 | 2,105 | 1,692 | 1,899 | -17.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Kuwait in 2022:
- United Arab Emirates (317.9 tons)
- Qatar (58.5 tons)
- Bahrain (9.0 tons)
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