Price for Frozen Boneless Cuts of Bovine Meat in Iraq - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Iraq (CIF) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Iraq
Price for Frozen Boneless Cuts of Bovine Meat in Iraq (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $2,425 per ton in 2022, with a decrease of -5.1% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 7.4%. The import price peaked at $3,025 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Jordan ($5,926 per ton), while the price for India ($2,519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Frozen Boneless Cuts of Bovine Meat in Iraq
In 2022, imports of frozen boneless cuts of bovine meat into Iraq rose markedly to 94K tons, growing by 7.6% compared with 2021. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat expanded modestly to $229M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 171 | 141 | 205 | 184 | 2.5% |
| Brazil | 10.8 | 13.0 | 11.4 | 2.4 | -39.4% |
| Others | 12.2 | 11.4 | 8.0 | 42.2 | 51.2% |
| Total | 194 | 166 | 224 | 229 | 5.7% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Iraq in 2022:
- India (73.1K tons)
- Brazil (0.4K tons)
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