Price for Meat of Bovine Animals; Frozen in Saudi Arabia - 2021
Contents:
- Price for Meat of Bovine Animals; Frozen in Saudi Arabia (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Saudi Arabia (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Saudi Arabia
- Exports of Meat of Bovine Animals; Frozen in Saudi Arabia
Price for Meat of Bovine Animals; Frozen in Saudi Arabia (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $4,217 per ton in 2022, falling by -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $4,343 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($8,266 per ton), while the price for India ($2,977 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Meat of Bovine Animals; Frozen in Saudi Arabia (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $3,848 per ton in 2022, with a decrease of -2.6% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 decreased by -3.3% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 41%. As a result, the export price attained the peak level of $4,096 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($6,120 per ton), while the average price for exports to Yemen ($915 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 the United Arab Emirates (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Saudi Arabia
In 2022, the amount of meat of bovine animals; frozen imported into Saudi Arabia contracted to 83K tons, dropping by -11.1% on the previous year. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of 93K tons, and then reduced in the following year.
In value terms, meat of bovine animals; frozen imports dropped to $349M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $404M, and then declined in the following year.
| Import of Meat of Bovine Animals; Frozen in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 89.8 | 91.6 | 135 | 124 | 11.4% |
| Brazil | 97.4 | 106 | 120 | 110 | 4.1% |
| Australia | 54.8 | 49.7 | 74.4 | 68.4 | 7.7% |
| New Zealand | 6.1 | 6.6 | 10.2 | 9.4 | 15.5% |
| Others | 36.9 | 39.4 | 64.5 | 36.8 | -0.1% |
| Total | 285 | 293 | 404 | 349 | 7.0% |
Top Suppliers of Meat of Bovine Animals; Frozen to Saudi Arabia in 2022:
- India (41.6K tons)
- Brazil (25.5K tons)
- Australia (8.3K tons)
- New Zealand (1.9K tons)
Exports of Meat of Bovine Animals; Frozen in Saudi Arabia
In 2022, the amount of meat of bovine animals; frozen exported from Saudi Arabia skyrocketed to 2.6K tons, with an increase of 75% on the year before. In general, exports, however, showed a abrupt decrease.
In value terms, meat of bovine animals; frozen exports skyrocketed to $9.9M in 2022. Overall, exports, however, continue to indicate a abrupt decrease.
| Export of Meat of Bovine Animals; Frozen in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 11.0 | 5.7 | 3.1 | 6.7 | -15.2% |
| Bahrain | 2.2 | 1.4 | 1.3 | 1.7 | -8.2% |
| Iraq | N/A | 0.1 | 0.5 | 0.6 | 144.9% |
| Oman | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Yemen | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Jordan | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Bangladesh | N/A | 3.6 | N/A | N/A | 0% |
| Others | 0.3 | 3.1 | 0.2 | N/A | -18.4% |
| Total | 13.9 | 14.0 | 5.8 | 9.9 | -10.7% |
Top Export Markets for Meat of Bovine Animals; Frozen from Saudi Arabia in 2022:
- United Arab Emirates (1595.1 tons)
- Bahrain (491.4 tons)
- Yemen (261.6 tons)
- Iraq (98.7 tons)
- Oman (81.2 tons)
- Jordan (40.6 tons)
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