Bovine Animals; Live Price in Colombia - 2022
Contents:
- Bovine Animals; Live Price in Colombia (FOB) - 2022
- Bovine Animals; Live Price in Colombia (CIF) - 2022
- Bovine Animals; Live Exports in Colombia
- Bovine Animals; Live Imports in Colombia
Bovine Animals; Live Price in Colombia (FOB) - 2022
The average bovine animals; live export price stood at $797 per unit in February 2022, increasing by 21% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In February 2022, the country with the highest price was Saudi Arabia ($914 per unit), while the average price for exports to Egypt stood at $727 per unit.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Price in Colombia (CIF) - 2022
The average bovine animals; live import price stood at $1,717 per unit in 2022, reducing by -18.3% against the previous year. In general, the import price, however, posted a modest increase. The growth pace was the most rapid in 2016 when the average import price increased by 61%. The import price peaked at $2,101 per unit in 2021, and then contracted significantly 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 Canada ($2,463 per unit), while the price for Argentina ($928 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced a decline.
Bovine Animals; Live Exports in Colombia
In 2022, after three years of growth, there was significant decline in overseas shipments of bovine animals; lives, when their volume decreased by -11.6% to 153K units. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,001%. The exports peaked at 174K units in 2021, and then fell in the following year.
In value terms, bovine animals; live exports declined sharply to $127M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 771% against the previous year. The exports peaked at $152M in 2021, and then contracted dramatically in the following year.
| Export of Bovine Animals; Live in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 2.5 | 21.3 | 86.4 | 101 | 243.1% |
| Iraq | 6.3 | 46.5 | 27.5 | 16.4 | 37.6% |
| Lebanon | 1.3 | 15.7 | 5.4 | 4.4 | 50.1% |
| Jordan | 0.4 | 14.4 | 21.7 | 4.1 | 117.2% |
| Venezuela | 1.3 | 5.1 | 5.8 | 1.7 | 9.4% |
| Saudi Arabia | N/A | N/A | 4.3 | N/A | 0% |
| Others | N/A | 0.2 | 0.4 | 0.2 | 0.0% |
| Total | 11.8 | 103 | 152 | 127 | 120.8% |
Top Export Markets for Bovine Animals; Live from Colombia in 2022:
- Egypt (110.5K units)
- Iraq (28.8K units)
- Lebanon (7.5K units)
- Jordan (4.7K units)
- Venezuela (1.8K units)
Bovine Animals; Live Imports in Colombia
In 2022, purchases abroad of bovine animals; lives increased by 152% to 78 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a sharp shrinkage. Over the period under review, imports hit record highs at 244 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bovine animals; live imports soared to $134K in 2022. Over the period under review, imports, however, showed a precipitous contraction. Imports peaked at $353K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Bovine Animals; Live in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 31.1 | 107 | 35.2 | 98.5 | 46.9% |
| Argentina | 29.8 | 33.4 | 10.1 | 26.0 | -4.4% |
| United States | 293 | 61.9 | 3.8 | 9.4 | -68.2% |
| Others | N/A | N/A | 16.1 | N/A | 0% |
| Total | 353 | 203 | 65.1 | 134 | -27.6% |
Top Suppliers of Bovine Animals; Live to Colombia in 2022:
- Canada (40.0 units)
- Argentina (28.0 units)
- United States (10.0 units)
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