Price for Meat of Bovine Animals; Frozen in Egypt - 2023

Contents:

1. Price for Meat of Bovine Animals; Frozen in Egypt (CIF) - 2023
2. Price for Meat of Bovine Animals; Frozen in Egypt (FOB) - 2022
3. Imports of Meat of Bovine Animals; Frozen in Egypt
4. Exports of Meat of Bovine Animals; Frozen in Egypt

Price for Meat of Bovine Animals; Frozen in Egypt (CIF) - 2023

The average import price for meat of bovine animals; frozen stood at $6,721 per ton in June 2023, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in October 2022 an increase of 25% month-to-month. The import price peaked in June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Brazil ($6,722 per ton), while the price for India totaled $6,722 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%).

Price for Meat of Bovine Animals; Frozen in Egypt (FOB) - 2022

The average export price for meat of bovine animals; frozen stood at $5,447 per ton in 2022, growing by 8% against the previous year. In general, the export price saw a moderate increase. The pace of growth was the most pronounced in 2017 an increase of 259% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,110 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($5,547 per ton) and Pakistan ($5,547 per ton), while the average price for exports to Cote d'Ivoire ($5,140 per ton) and Kuwait ($5,547 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 Ghana (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat of Bovine Animals; Frozen in Egypt

After two years of decline, supplies from abroad of meat of bovine animals; frozen increased by 32% to 228K tons in 2022. In general, imports, however, faced a deep contraction.

In value terms, meat of bovine animals; frozen imports skyrocketed to $1.2B in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage.

Top Suppliers of Meat of Bovine Animals; Frozen to Egypt in 2022:

1. Brazil (109.2K tons)
2. India (108.2K tons)
3. Colombia (4.8K tons)

Exports of Meat of Bovine Animals; Frozen in Egypt

In 2022, exports of meat of bovine animals; frozen from Egypt skyrocketed to 356 tons, picking up by 28% against the previous year. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 414% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, meat of bovine animals; frozen exports skyrocketed to $1.9M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 416%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Meat of Bovine Animals; Frozen from Egypt in 2022:

1. Kuwait (123.1 tons)
2. Ghana (102.5 tons)
3. Cote d'Ivoire (77.2 tons)
4. Pakistan (50.8 tons)

Source: IndexBox Market Intelligence Platform