Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt (FOB) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt (CIF) - 2022
3. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt
4. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt (FOB) - 2022

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,175 per ton, surging by 15% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat increased by +29.1% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($5,176 per ton) and Bahrain ($5,176 per ton), while the average price for exports to Kuwait ($5,175 per ton) and Qatar ($5,176 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt (CIF) - 2022

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,238 per ton in 2022, dropping by -99.2% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 232% against the previous year. Over the period under review, average import prices reached the maximum at $636,750 per ton in 2021, and then contracted rapidly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +10.7% per year.

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt

For the third year in a row, Egypt recorded decline in overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -39.7% to 53 tons in 2022. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of -13.3% was in 2020.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat fell remarkably to $277K in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -4.4% was in 2020.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Egypt in 2022:

1. Kuwait (43.5 tons)
2. Bahrain (6.9 tons)
3. Qatar (2.2 tons)
4. Oman (0.9 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Egypt

In 2022, the amount of fresh or chilled carcasses and half-carcasses of bovine meat imported into Egypt surged to 14 tons, increasing by 346,200% compared with the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat soared to $73K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Egypt in 2022:

1. Australia (13.9 tons)

Source: IndexBox Market Intelligence Platform