Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (CIF) - 2023
In November 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $8,357 per ton, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $9,173 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From November 2022 to November 2023, the rate of growth in terms of prices for Uruguay amounted to +9.4% per month.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $5,930 per ton, with a decrease of -16% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 166% against the previous year. The export price peaked at $7,064 per ton in 2021, and then fell sharply in the following year.
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 ($7,833 per ton), while the average price for exports to the United Arab Emirates ($4,983 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 (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt
In 2022, overseas purchases of meat of sheep or goats; fresh, chilled or frozen were finally on the rise to reach 1.2K tons after two years of decline. In general, imports, however, showed a mild decrease.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen soared to $10M in 2022. Overall, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 7.1 | 4.1 | 2.4 | 9.2 | 9.0% |
Turkey | N/A | N/A | N/A | 0.5 | 0% |
Sudan | 1.0 | 0.2 | 0.5 | 0.2 | -41.5% |
Moldova | 0.4 | 0.1 | 0.4 | 0.1 | -37.0% |
Others | N/A | 0.1 | 0.7 | 0.1 | 0.0% |
Total | 8.5 | 4.4 | 4.1 | 10.1 | 5.9% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Egypt in 2022:
- Australia (1037.0 tons)
- Turkey (85.0 tons)
- Sudan (25.6 tons)
- Moldova (16.2 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt
In 2022, shipments abroad of meat of sheep or goats; fresh, chilled or frozen decreased by -63.8% to 2 tons, falling for the second year in a row after two years of growth. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,141% against the previous year. As a result, the exports reached the peak of 43 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen fell sharply to $12K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,627%. As a result, the exports reached the peak of $163K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Egypt (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 4.3 | 28.8 | 0.2 | 3.9 | -3.2% |
Oman | 1.3 | 90.2 | 34.2 | 3.4 | 37.8% |
Qatar | N/A | N/A | N/A | 2.5 | 0% |
Bahrain | N/A | 1.9 | N/A | 1.9 | 0.0% |
Kuwait | 0.3 | 42.5 | 4.7 | 0.2 | -12.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 6.0 | 163 | 39.0 | 11.9 | 25.6% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Egypt in 2022:
- United Arab Emirates (777.0 kg)
- Qatar (467.0 kg)
- Oman (432.0 kg)
- Bahrain (293.0 kg)
- Kuwait (34.0 kg)
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