Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait (CIF) - 2022
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,095 per ton in 2022, with a decrease of -51.3% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $12,521 per ton in 2021, and then shrank notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($6,329 per ton), while the price for Pakistan ($2,607 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait
In 2022, after two years of decline, there was significant growth in overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 185% to 427 tons. Overall, imports, however, faced a precipitous slump.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $2.6M in 2022. Over the period under review, imports, however, continue to indicate a dramatic decline.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 567 | 198 | 87.7 | 1,719 | 44.7% |
| Sudan | 32.5 | 13.0 | 10.0 | 251 | 97.7% |
| New Zealand | 185 | 56.1 | 20.9 | 202 | 3.0% |
| South Africa | 286 | 68.1 | 5.1 | 175 | -15.1% |
| Saudi Arabia | 0.9 | 0.3 | 7.6 | 116 | 405.1% |
| United States | 99.6 | 18.2 | 4.2 | 79.7 | -7.2% |
| Pakistan | 121 | 3.3 | 2.1 | 30.0 | -37.2% |
| China | 7,872 | 2,648 | 1,725 | N/A | -53.2% |
| India | 64.2 | 10.2 | 1.2 | N/A | -86.3% |
| Others | 59.3 | 131 | 14.3 | 28.5 | -21.7% |
| Total | 9,286 | 3,147 | 1,878 | 2,602 | -34.6% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Kuwait in 2022:
- Australia (271.6 tons)
- Sudan (39.7 tons)
- New Zealand (32.0 tons)
- South Africa (27.7 tons)
- Saudi Arabia (18.3 tons)
- United States (12.6 tons)
- Pakistan (11.5 tons)
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