Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar (CIF) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar (CIF) - 2023
In October 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $11,423 per ton, increasing by 10% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $12,162 per ton. From August 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($36,043 per ton), while the price for India ($4,111 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar
Imports of fresh or chilled boneless cuts of bovine meat into Qatar totaled 6.5K tons in 2022, surging by 12% against 2021. The total import volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $64M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 17.6 | 16.0 | 14.4 | 17.9 | 0.6% |
| Brazil | 3.9 | 9.7 | 11.3 | 14.4 | 54.6% |
| South Africa | 3.1 | 6.1 | 9.2 | 11.9 | 56.6% |
| United States | 2.1 | 4.2 | 4.7 | 7.6 | 53.5% |
| New Zealand | 4.6 | 3.2 | 3.2 | 4.3 | -2.2% |
| India | 2.2 | 1.9 | 2.6 | 3.7 | 18.9% |
| Others | 3.6 | 2.2 | 2.7 | 3.9 | 2.7% |
| Total | 37.1 | 43.4 | 48.1 | 63.6 | 19.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Qatar in 2022:
- Brazil (2463.8 tons)
- South Africa (1296.9 tons)
- Australia (959.9 tons)
- India (838.6 tons)
- New Zealand (401.1 tons)
- United States (324.7 tons)
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