Price for Fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat in the Philippines - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Philippines (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Philippines
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Philippines (CIF) - 2022
In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $10,949 per ton, increasing by 46% against the previous year. Overall, the import price recorded buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 451%. As a result, import price attained the peak level of $30,889 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +13.3% per year.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Philippines
In 2022, supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -85.8% to 7.3 tons, falling for the second consecutive year after two years of growth. In general, imports showed a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 115%. As a result, imports attained the peak of 98 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted remarkably to $80K in 2022. Over the period under review, imports saw a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 153%. As a result, imports reached the peak of $863K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 281 | 848 | 375 | 79.9 | -34.2% |
| United States | 59.2 | 14.7 | 12.1 | N/A | -54.8% |
| Others | 1.3 | N/A | N/A | N/A | 0% |
| Total | 341 | 863 | 387 | 79.9 | -38.4% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to the Philippines in 2022:
- Australia (7.3 tons)
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