Price for Frozen Boneless Cuts of Bovine Meat in Qatar - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Qatar (CIF) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Qatar
Price for Frozen Boneless Cuts of Bovine Meat in Qatar (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $4,835 per ton in October 2023, rising by 3.1% against the previous month. Over the period under review, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 38% month-to-month. Over the period under review, average import prices reached the maximum at $6,104 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($20,771 per ton), while the price for India ($2,567 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Qatar
Imports of frozen boneless cuts of bovine meat into Qatar surged to 9.5K tons in 2022, increasing by 67% on 2021 figures. Overall, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat soared to $44M in 2022. In general, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.2 | 5.8 | 7.9 | 13.8 | 4.2% |
| Brazil | 7.8 | 7.2 | 4.8 | 11.7 | 14.5% |
| United States | 8.4 | 4.5 | 4.2 | 5.7 | -12.1% |
| Australia | 4.1 | 1.4 | 2.0 | 2.4 | -16.3% |
| Kuwait | 1.4 | 1.6 | 0.9 | 2.1 | 14.5% |
| Paraguay | 0.8 | 0.9 | 1.2 | 1.9 | 33.4% |
| Jordan | 2.3 | 2.8 | 1.9 | 1.7 | -9.6% |
| Spain | 1.0 | 0.5 | 0.7 | 1.3 | 9.1% |
| Oman | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Others | 1.6 | 1.6 | 2.5 | 3.5 | 29.8% |
| Total | 39.5 | 26.4 | 26.4 | 44.1 | 3.7% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Qatar in 2022:
- India (5632.3 tons)
- Brazil (1471.6 tons)
- United States (491.6 tons)
- Kuwait (448.6 tons)
- Paraguay (332.0 tons)
- Jordan (290.5 tons)
- Australia (186.5 tons)
- Oman (172.8 tons)
- Spain (171.3 tons)
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