Israel: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Israel

The Israeli preserved cows meat market expanded to $X in 2021, growing by 1.7% against the previous year. Overall, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Preserved Cows Meat Production in Israel

In value terms, preserved cows meat production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Cows Meat Exports

Exports from Israel

In 2021, overseas shipments of prepared or preserved meat or offal of bovine animals decreased by -27.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 90%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports shrank dramatically to $X in 2021. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 82%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for preserved cows meat exports from Israel, accounting for a 91% share of total exports. Moreover, preserved cows meat exports to Palestine exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Palestine amounted to -9.1%.

In value terms, Palestine ($X) emerged as the key foreign market for prepared or preserved meat or offal of bovine animals exports from Israel, comprising 93% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Palestine amounted to -7.7%.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, surging by 9.7% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat export price increased by +31.7% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 90%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Cows Meat Imports

Imports into Israel

Preserved cows meat imports into Israel soared to X tons in 2021, picking up by 31% compared with 2020 figures. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 139%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 133% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

Brazil (X tons), Palestine (X tons) and Italy (X tons) were the main suppliers of preserved cows meat imports to Israel, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +403.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X), Brazil ($X) and Italy ($X) appeared to be the largest preserved cows meat suppliers to Israel, together comprising 92% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +302.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, rising by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Palestine ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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