Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $26,485 per ton in September 2022, growing by 5.5% against the previous month. In general, import price indicated a noticeable increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for fresh or chilled boneless cuts of bovine meat increased by +6.3% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 51% m-o-m. As a result, import price reached the peak level of $27,606 per ton. From February 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($75,096 per ton), while the price for Brazil ($12,412 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (FOB) - 2022
In September 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $26,907 per ton, waning by -35% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 583% m-o-m. Over the period under review, the average export prices hit record highs at $68,723 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Maldives ($58,528 per ton), while the average price for exports to Myanmar ($12,128 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore
In 2022, the amount of fresh or chilled boneless cuts of bovine meat imported into Singapore dropped to 5.8K tons, with a decrease of -6.1% compared with the previous year's figure. In general, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 0.8% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded to $111M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 48.3 | 53.9 | 58.7 | 55.2 | 4.6% |
| Japan | 14.2 | 11.9 | 17.7 | 19.4 | 11.0% |
| New Zealand | 12.0 | 12.4 | 14.2 | 18.5 | 15.5% |
| United States | 9.6 | 7.7 | 9.2 | 9.0 | -2.1% |
| Argentina | 2.0 | 2.5 | 3.8 | 5.6 | 40.9% |
| Brazil | 2.0 | 1.4 | 1.7 | 1.1 | -18.1% |
| Others | 0.7 | 0.5 | 1.1 | 1.7 | 34.4% |
| Total | 88.8 | 90.4 | 106 | 111 | 7.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Singapore in 2022:
- Australia (3243.9 tons)
- New Zealand (1284.3 tons)
- Japan (363.6 tons)
- Argentina (336.1 tons)
- United States (305.0 tons)
- Brazil (127.8 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore
For the third year in a row, Singapore recorded decline in overseas shipments of fresh or chilled boneless cuts of bovine meat, which decreased by -21.6% to 100 tons in 2022. Over the period under review, exports recorded a precipitous setback.
In value terms, exports of fresh or chilled boneless cuts of bovine meat declined dramatically to $908K in 2022. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of -9.3% was in 2021.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,332 | 899 | 466 | 467 | -29.5% |
| Maldives | 582 | 131 | 421 | 328 | -17.4% |
| Timor-Leste | 7.4 | 40.0 | 48.4 | 75.3 | 116.7% |
| Myanmar | N/A | N/A | N/A | 19.2 | 0% |
| Cambodia | 173 | 139 | 83.8 | 12.8 | -58.0% |
| Malaysia | 179 | 3.9 | 15.8 | 4.8 | -70.1% |
| Others | 19.1 | 41.8 | 104 | 1.1 | -61.4% |
| Total | 2,291 | 1,255 | 1,138 | 908 | -26.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Singapore in 2022:
- Indonesia (85.5 tons)
- Maldives (7.3 tons)
- Timor-Leste (4.0 tons)
- Myanmar (2.3 tons)
- Cambodia (0.9 tons)
- Malaysia (0.3 tons)
299
This report provides an in-depth analysis of the fresh beef cut market in Singapore.
1405
This report provides an in-depth analysis of the beef market in Singapore.
990
This report provides an in-depth analysis of the meat and poultry market in Singapore.
877
This report provides an in-depth analysis of the meat market in Singapore.
470
This report provides an in-depth analysis of the beef market in Singapore.
412
This report provides an in-depth analysis of the fresh beef carcase market in Singapore.
542
Global Fresh Beef Cut Market Report 2018. This report provides an in-depth analysis of the global fresh beef cut market.
4223
This report provides an in-depth analysis of the global beef market.
2156
This report provides an in-depth analysis of the global meat and poultry market.
2744
This report provides an in-depth analysis of the global meat market.
468
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.
697
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1793
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1310
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3864
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1647
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
1971
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1035
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.
1253
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
150
Discover the leading countries driving global meat and poultry imports, including key statistics and market insights.
