What is the price of beef per kilogram/pound in Saudi Arabia today?
The retail price range for Saudi Arabia beef is between US$ 3.23 and US$ 9.59 per kilogram or between US$ 1.47 and US$ 4.35 per pound(lb). Click here to see today's exact prices of beef in Saudi Arabia
The retail price range in Saudi Riyal for beef is between SAR 12.12 and SAR 35.95 per kilogram or between SAR 5.50 and SAR 16.30 per pound(lb) in Riyadh and Jeddah.
Wholesale prices
In 2024, the approximate wholesale price range for Saudi Arabia beef is between US$ 2.26 and US$ 6.71 per kilogram or between US$ 1.03 and US$ 3.04 per pound(lb).
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Saudi Arabia Beef Export Prices - Historical, Trends and Prediction
In 2016, the export price was 2.21 US$ per Kg. In 2017, the export price was 1.35 US$ per Kg. In 2018, the export price was 0.99 US$ per Kg. In 2019, the export price was 0.47 US$ per Kg. In 2020, the export price was 0.33 US$ per Kg. For 2023, the predicted export price is 0.20 US$ per Kg.The beef exports from Saudi Arabia are classified as:
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen edible bovine livers (HS code 020622)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
Saudi Arabia Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into Saudi Arabia over the last five years has been quite volatile. In 2016, the price was 2.66 US dollars per kg, which was a decrease from the previous year's price of 3.33 US dollars per kg. This was followed by a slight increase in 2017 to 2.99 US dollars per kg. In 2018, the price rose to 3.32 US dollars per kg and then further increased to 3.95 US dollars per kg in 2019. However, the price dropped again in 2020 to 3.34 US dollars per kg. The most recent year, 2021, saw a significant increase in the import price to 5.47 US dollars per kg. Based on this trend, it is likely that the import price of Beef into Saudi Arabia will continue to increase in the coming years. We can predict that the import price for 2023 will be around 6.00 US dollars per kg and for 2024 it will be around 6.50 US dollars per kg.Export values for Saudi Arabia beef
The total values in export for beef in Saudi Arabia were US$ 6,909, US$ 10,985, US$ 16,045 and US$ 14,001 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Saudi Arabia: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Middle East: Bahrain beef, Cyprus beef, Iraq beef, Israel beef, Jordan beef, Kuwait beef, Lebanon beef, Palestine beef, Oman beef & Qatar beef.
Saudi Arabia beef - Production, Exports, Imports, Seasons and HS Codes
In 2019 Saudi Arabia shipped 3,543 tonnes of beef. For 2019 alone, the market for Saudi Arabia beef (meat category) has reduced, recording a change of -26.631 percent compared to the year 2018. Between 2017 and 2019, beef's exports went down by -3.7 pc bringing the nation US$14.00m for the year 2019. Saudi Arabia's beef exports are categorised as:
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen edible bovine livers (HS code 020622)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
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Saudi Arabia beef export values
In 2019, Saudi Arabia supplied beef worth 14.00m USD, a contraction of -12.75% from 2018's total beef export of 16.045m USD. The yearly change in value of Saudi Arabia beef between 2017 to 2018 was 46.063 pc.
The annual variation in the quantity of Saudi Arabia's beef exports between 2017 and 2019 was -3.7 percent compared to a variation of -26.631% in the period between 2018 and 2019.
Export markets for Saudi Arabia beef ( in '000$ )
Saudi Arabia's best performing destinations for beef are Bahrain, Lao (Laos), Iraq, Lebanon and Malaysia.
Saudi Arabia imported 107,731 tonnes of beef in 2019.