Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Libya - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Libya (CIF) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Libya
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Libya (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $7,400 per ton, jumping by 17% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled boneless cuts of bovine meat increased by +4.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malta ($8,880 per ton), while the price for Brazil amounted to $2,335 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+93.3%), while the prices for the other major suppliers experienced a decline.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Libya
In 2022, supplies from abroad of fresh or chilled boneless cuts of bovine meat decreased by -84% to 8.2 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 543%. As a result, imports attained the peak of 95 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fresh or chilled boneless cuts of bovine meat declined sharply to $61K in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 464%. As a result, imports attained the peak of $589K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malta | N/A | N/A | 216 | 385 | 78.2% |
| Brazil | 35.1 | 32.9 | 427 | 136 | 57.1% |
| Italy | 86.9 | 562 | N/A | N/A | 546.7% |
| Others | -17.5 | -5.4 | -318.6 | -459.9 | 197.3% |
| Total | 104 | 589 | 325 | 61.0 | -16.3% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Libya in 2022:
- Brazil (58.4 tons)
- Malta (43.3 tons)
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