Price for Meat of Bovine Animals; Frozen in Guatemala - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Guatemala (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Guatemala (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Guatemala
- Exports of Meat of Bovine Animals; Frozen in Guatemala
Price for Meat of Bovine Animals; Frozen in Guatemala (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $6,235 per ton in 2022, growing by 5.7% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat of bovine animals; frozen import price increased by +30.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 the United States ($7,211 per ton), while the price for the Dominican Republic ($4,232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Guatemala (FOB) - 2023
In October 2023, the average export price for meat of bovine animals; frozen amounted to $6,542 per ton, growing by 5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 9.5% month-to-month. The export price peaked in October 2023.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From October 2022 to October 2023, the rate of growth in terms of prices for El Salvador amounted to +0.8% per month.
Imports of Meat of Bovine Animals; Frozen in Guatemala
In 2022, meat of bovine animals; frozen imports into Guatemala shrank to 13K tons, falling by -3.4% compared with 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 14K tons, and then reduced modestly in the following year.
In value terms, meat of bovine animals; frozen imports totaled $81M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Meat of Bovine Animals; Frozen in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.2 | 28.9 | 48.1 | 44.7 | 16.6% |
| Nicaragua | 16.4 | 11.7 | 19.1 | 23.6 | 12.9% |
| Dominican Republic | 0.9 | 1.5 | 2.7 | 5.6 | 83.9% |
| Honduras | 4.2 | 4.1 | 5.7 | 3.7 | -4.1% |
| Costa Rica | 4.7 | 2.0 | 3.5 | 3.5 | -9.4% |
| Others | 1.0 | 1.0 | 0.5 | 0.2 | -41.5% |
| Total | 55.3 | 49.2 | 79.7 | 81.3 | 13.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Guatemala in 2022:
- United States (6.2K tons)
- Nicaragua (4.1K tons)
- Dominican Republic (1.3K tons)
- Honduras (0.7K tons)
- Costa Rica (0.6K tons)
Exports of Meat of Bovine Animals; Frozen in Guatemala
Meat of bovine animals; frozen exports from Guatemala contracted markedly to 1.1K tons in 2022, with a decrease of -24.1% compared with the previous year's figure. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year.
In value terms, meat of bovine animals; frozen exports declined to $6.5M in 2022. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year.
| Export of Meat of Bovine Animals; Frozen in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 6.3 | 4.4 | 5.6 | 6.3 | 0.0% |
| Honduras | 1.5 | 1.2 | 1.5 | 0.2 | -48.9% |
| Costa Rica | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 8.3 | 5.9 | 7.1 | 6.5 | -7.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Guatemala in 2022:
- El Salvador (1017.6 tons)
- Honduras (41.3 tons)
805
This report provides an in-depth analysis of the beef market in Guatemala.
4273
This report provides an in-depth analysis of the global beef market.
977
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
511
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
521
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
741
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1823
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1329
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3924
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1698
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1989
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1065
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1266
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
