Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan - 2023
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan (FOB) - 2023
- Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan (FOB) - 2023
The average export price for frozen carcasses and half-carcasses of bovine meat stood at $3,471 per ton in July 2023, approximately mirroring the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 23% month-to-month. Over the period under review, the average export prices hit record highs at $3,882 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Uzbekistan.
From July 2022 to July 2023, the rate of growth in terms of prices for Uzbekistan amounted to +1.2% per month.
Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan
Exports of frozen carcasses and half-carcasses of bovine meat from Pakistan expanded remarkably to 980 tons in 2022, with an increase of 7.4% on 2021 figures. In general, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 113% against the previous year. As a result, the exports reached the peak of 3.9K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of frozen carcasses and half-carcasses of bovine meat surged to $3.6M in 2022. Over the period under review, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Frozen Carcasses and Half-Carcasses of Bovine Meat in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 3.4 | 0% |
| Saudi Arabia | 1.0 | 0.2 | 0.2 | 0.1 | -53.6% |
| Kuwait | 0.3 | 0.7 | 0.1 | 0.1 | -30.7% |
| Oman | 0.5 | 0.4 | 0.1 | N/A | -55.3% |
| Vietnam | 2.3 | 6.5 | 1.4 | N/A | -22.0% |
| United Arab Emirates | 1.3 | 3.0 | 0.5 | N/A | -38.0% |
| Singapore | 0.4 | 0.6 | N/A | N/A | 50.0% |
| Others | 0.6 | 1.2 | 0.6 | N/A | 0.0% |
| Total | 6.5 | 12.6 | 2.9 | 3.6 | -17.9% |
Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Pakistan in 2022:
- Uzbekistan (919.7 tons)
- Saudi Arabia (25.7 tons)
- Kuwait (23.4 tons)
- Oman (11.3 tons)
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