GCC: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in GCC

In 2023, after two years of growth, there was decline in the GCC preserved cows meat market, when its value decreased by X% to $X. In general, consumption recorded a prominent increase. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Preserved Cows Meat Production in GCC

In value terms, preserved cows meat production reached $X in 2023 estimated in export price. Overall, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports in GCC

After two years of decline, shipments abroad of prepared or preserved meat or offal of bovine animals increased by X% to X tons in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports rose markedly to $X in 2023. Over the period under review, exports posted temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of prepared or preserved meat or offal of bovine animals in GCC, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the prepared or preserved meat or offal of bovine animals exports, with a CAGR of X% from 2012 to 2023. Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest preserved cows meat supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports.

In the United Arab Emirates, preserved cows meat exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Preserved Cows Meat Imports

Imports in GCC

After two years of decline, supplies from abroad of prepared or preserved meat or offal of bovine animals increased by X% to X tons in 2023. Overall, imports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, preserved cows meat imports fell to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the key importer of prepared or preserved meat or offal of bovine animals, creating X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%), Bahrain (X%), Oman (X%) and Qatar (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Oman and Kuwait experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.), Qatar (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with an X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kuwait ($X per ton) and Qatar ($X per ton), while Saudi Arabia ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform