MENA: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in MENA

The MENA's fresh beef carcase market reduced modestly to $X in 2022, which is down by -4.5% against the previous year. Over the period under review, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Beef Carcase Production in MENA

In value terms, fresh beef carcase production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 62%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports in MENA

In 2022, exports of fresh or chilled carcases of beef and veal in MENA declined rapidly to X tons, with a decrease of -32.4% on the previous year. Over the period under review, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh beef carcase exports declined remarkably to $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 126%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near 58% of total exports in 2022. Turkey (X tons) took the second position in the ranking, followed by Egypt (X tons), Iran (X tons) and Kuwait (X tons). All these countries together held approx. 28% share of total exports. Lebanon (X tons), Jordan (X tons) and Bahrain (X tons) held a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, Iran (+53.2%), Turkey (+36.6%), Bahrain (+29.2%), Lebanon (+29.2%), Jordan (+10.1%) and Kuwait (+1.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +53.2% from 2012-2022. By contrast, Egypt (-22.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Turkey, Iran, Lebanon, Bahrain, Jordan and Kuwait increased by +38, +8.9, +5.9, +4.2, +2.4, +1.9 and +1.8 percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest fresh beef carcase supplier in MENA, comprising 55% of total exports. The second position in the ranking was taken by Iran ($X), with a 14% share of total exports. It was followed by Turkey, with an 11% share.

In the United Arab Emirates, fresh beef carcase exports expanded at an average annual rate of +11.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+69.7% per year) and Turkey (+31.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.8%), while the other leaders experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports in MENA

In 2022, the amount of fresh or chilled carcases of beef and veal imported in MENA reduced slightly to X tons, waning by -4.6% against 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 77% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh beef carcase imports expanded notably to $X in 2022. Over the period under review, imports, however, recorded a measured expansion. The growth pace was the most rapid in 2018 with an increase of 66%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Algeria (X tons) represented roughly 54% of total imports in 2022. Kuwait (X tons) ranks next in terms of the total imports with a 13% share, followed by Qatar (9.9%) and Bahrain (5.6%). The following importers - Israel (X tons) and Egypt (X tons) - each amounted to an 8.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +124.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase importing markets in MENA were the United Arab Emirates ($X), Algeria ($X) and Kuwait ($X), together accounting for 69% of total imports. Qatar, Bahrain, Israel and Egypt lagged somewhat behind, together accounting for a further 23%.

Israel, with a CAGR of +129.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform