United Arab Emirates: Preserved Beef Market 2024

Preserved Beef Market Size in the United Arab Emirates

The preserved beef market in the United Arab Emirates dropped rapidly to $X in 2021, with a decrease of -77.9% against the previous year. In general, consumption recorded a deep contraction. Preserved beef consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Preserved Beef Production in the United Arab Emirates

In value terms, preserved beef production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +17.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. Preserved beef production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of beef and veal (salted, in brine, dried or smoked) were exported from the United Arab Emirates; rising by 2,216% against 2020. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons) was the main destination for preserved beef exports from the United Arab Emirates, with a 5.6% share of total exports. Moreover, preserved beef exports to Kuwait exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Oman (X tons), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait amounted to +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+549.4% per year) and Oman (+30.5% per year).

In value terms, Kuwait ($X) remains the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from the United Arab Emirates, comprising 14% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 2.9% share of total exports. It was followed by Somalia, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait totaled +98.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+277.6% per year) and Somalia (0.0% per year).

Export Prices by Country

The average preserved beef export price stood at $X per ton in 2021, with a decrease of -15.9% against the previous year. In general, the export price, however, continues to indicate perceptible growth. The pace of growth was the most pronounced in 2013 an increase of 197%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into the United Arab Emirates

In 2021, imports of beef and veal (salted, in brine, dried or smoked) into the United Arab Emirates surged to X tons, rising by 77% on the previous year's figure. Over the period under review, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 119%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved beef imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest preserved beef supplier to the United Arab Emirates, with a 50% share of total imports. Moreover, preserved beef imports from Italy exceeded the figures recorded by the second-largest supplier, Sudan (X tons), sevenfold. The third position in this ranking was held by Ethiopia (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (+39.3% per year) and Ethiopia (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to the United Arab Emirates, comprising 53% of total imports. The second position in the ranking was held by Spain ($X), with a 6.6% share of total imports. It was followed by Ethiopia, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+59.3% per year) and Ethiopia (0.0% per year).

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2021, increasing by 33% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved beef import price increased by +76.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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