Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (CIF) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (CIF) - 2023

In December 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,918 per ton, remaining relatively unchanged against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 37% m-o-m. As a result, import price reached the peak level of $7,760 per ton. From November 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($14,495 per ton), while the price for Paraguay stood at $5,495 per ton.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.4%).

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (FOB) - 2022

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $31,387 per ton, surging by 17% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 356% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($38,228 per ton), while the average price for exports to Greece ($16,901 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 the UK (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

For the fourth consecutive year, Chile recorded growth in purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 1.9% to 290 tons in 2022. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined to $2.1M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $2.2M, and then declined in the following year.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Chile in 2022:

1. Brazil (192.2 tons)
2. United States (49.6 tons)
3. Paraguay (48.1 tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Chile expanded slightly to 18 tons, with an increase of 2.9% compared with 2021 figures. In general, exports, however, saw a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 85%. As a result, the exports attained the peak of 87 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $571K in 2022. Overall, exports, however, continue to indicate a drastic downturn.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Chile in 2022:

1. Spain (15.4 tons)
2. Greece (1.6 tons)
3. United Kingdom (0.5 tons)
4. Netherlands (0.5 tons)

Source: IndexBox Market Intelligence Platform