Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $9,958 per ton in 2022, rising by 14% against the previous year. Overall, the import price showed mild growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48%. The import price peaked at $17,097 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($9,958 per ton) and South Africa ($9,958 per ton), while the price for the Netherlands ($9,957 per ton) and Brazil ($9,958 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $9,818 per ton, growing by 7.2% against the previous year. Overall, the export price recorded a modest increase. The pace of growth appeared the most rapid in 2013 an increase of 97%. As a result, the export price reached the peak level of $17,235 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($9,818 per ton), while the average price for exports to Kuwait ($9,700 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 (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt
In 2022, after three years of growth, there was significant decline in supplies from abroad of fresh or chilled boneless cuts of bovine meat, when their volume decreased by -31% to 390 tons. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 97%.
In value terms, imports of fresh or chilled boneless cuts of bovine meat fell dramatically to $3.9M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.2 | 1.2 | 1.9 | 2.1 | 20.5% |
| South Africa | 0.8 | 1.8 | 2.3 | 1.3 | 17.6% |
| Brazil | N/A | N/A | N/A | 0.4 | 0% |
| Netherlands | N/A | 0.2 | 0.2 | 0.1 | -29.3% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 2.0 | 3.2 | 4.9 | 3.9 | 24.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Egypt in 2022:
- Australia (209.2 tons)
- South Africa (134.4 tons)
- Brazil (40.0 tons)
- Netherlands (6.7 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt
In 2022, overseas shipments of fresh or chilled boneless cuts of bovine meat were finally on the rise to reach 27 tons after two years of decline. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $262K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | N/A | N/A | N/A | 261 | 0% |
| Kuwait | 46.6 | 14.3 | 2.5 | 0.2 | -83.7% |
| United Arab Emirates | N/A | 57.1 | N/A | N/A | 0% |
| Oman | 54.2 | 6.0 | N/A | N/A | -88.9% |
| Bahrain | 16.0 | 46.6 | N/A | N/A | 191.3% |
| Others | N/A | 0.6 | N/A | 0.7 | 8.0% |
| Total | 117 | 125 | 2.5 | 262 | 30.8% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Egypt in 2022:
- Palestine (26.6 tons)
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