Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia (CIF) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $14,515 per ton in March 2022, increasing by 22% against the previous month. Over the period under review, import price indicated prominent growth from March 2021 to March 2022: its price increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for fresh or chilled boneless cuts of bovine meat increased by +27.2% against January 2022 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs at $15,661 per ton in October 2021; however, from November 2021 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($28,826 per ton), while the price for Australia stood at $13,891 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.5%).
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Indonesia fell significantly to 3.2K tons, which is down by -24.3% on the year before. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat stood at $45M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 33.7 | 25.1 | 38.5 | 43.0 | 8.5% |
| United States | 0.1 | 0.1 | 0.1 | 1.4 | 141.0% |
| Singapore | 1.3 | 0.9 | 0.4 | N/A | -44.5% |
| Others | 0.8 | 0.8 | 0.6 | 0.6 | -9.1% |
| Total | 35.9 | 26.8 | 39.7 | 45.1 | 7.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Indonesia in 2022:
- Australia (3.1K tons)
- United States (0.1K tons)
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