U.S. Beef in Egypt
Egypt has developed into one of the leading destinations for U.S. beef exports, and first quarter 2010 results show promising signs of further growth. U.S. exports of beef/beef variety meat increased by 30 percent in volume over 2009, with value rising more than 50 percent.
While Egypt has long been a mainstay market for U.S. beef variety meat – especially liver – this rapid growth in export value is attributable to the fact that Egypt recently began purchasing far more U.S. beef muscle cuts. While muscle cuts made up about 18 percent of the beef export value to Egypt in the first quarter of 2009, that ratio rose to 25 percent this year. Its muscle cut volume ratio surged from only 8 percent last year to more than 20 percent in 2010.
Through the first quarter of 2010, Egypt is the third-largest volume destination for combined U.S. beef/beef variety meat exports with a total of 21,593 metric tons (47.6 million pounds). It ranks ninth in value at just over $25 million. For U.S. beef variety meat exports, Egypt ranks second to Mexico in both volume (17,153 metric tons or 37.8 million pounds) and value ($18.6 million).
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