Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $5,925 per ton in 2022, shrinking by -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $6,168 per ton in 2021, and then declined slightly in the following year.
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 Pakistan ($7,707 per ton), while the price for Brazil ($3,907 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $1,106 per ton, falling by -66.3% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 79%. The export price peaked at $3,283 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($3,305 per ton), while the average price for exports to Yemen ($798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia
Imports of meat of sheep or goats; fresh, chilled or frozen into Saudi Arabia fell to 20K tons in 2022, dropping by -4.7% against the previous year's figure. In general, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 10%.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen shrank to $121M in 2022. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 64.6 | 56.9 | 56.5 | 63.9 | -0.4% |
| New Zealand | 38.2 | 41.0 | 29.9 | 39.1 | 0.8% |
| Spain | 4.7 | 4.4 | 7.1 | 7.8 | 18.4% |
| India | 4.2 | 1.7 | 2.5 | 3.0 | -10.6% |
| Brazil | 1.9 | 2.9 | 0.8 | 2.0 | 1.7% |
| Ethiopia | 14.2 | N/A | 7.3 | N/A | -28.3% |
| Sudan | N/A | 0.3 | 16.3 | N/A | 5333.3% |
| Others | 6.8 | 2.6 | 11.5 | 5.0 | -9.7% |
| Total | 135 | 110 | 132 | 121 | -3.6% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Saudi Arabia in 2022:
- Australia (10.5K tons)
- New Zealand (6.4K tons)
- Spain (1.6K tons)
- India (0.7K tons)
- Brazil (0.5K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen exported from Saudi Arabia skyrocketed to 964 tons, increasing by 175% on the previous year. Over the period under review, exports, however, recorded a abrupt contraction.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen reduced to $1.1M in 2022. In general, exports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 17%.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 2,001 | 25.5 | 62.7 | 620 | -32.3% |
| Bahrain | 236 | 154 | 235 | 212 | -3.5% |
| United Arab Emirates | 126 | 34.0 | 139 | 126 | 0.0% |
| Oman | 118 | 232 | 14.4 | 108 | -2.9% |
| Spain | N/A | N/A | 575 | N/A | 0% |
| Kuwait | N/A | 482 | 6.0 | N/A | -98.8% |
| Jordan | 53.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 52.6 | 119 | N/A | 126.2% |
| Total | 2,534 | 981 | 1,151 | 1,066 | -25.1% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Saudi Arabia in 2022:
- Yemen (777.0 tons)
- Oman (71.5 tons)
- Bahrain (64.1 tons)
- United Arab Emirates (50.9 tons)
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