Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (CIF) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (FOB) - 2023
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (CIF) - 2023
In December 2023, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $7,290 per ton, leveling off at the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 3.8% m-o-m. Over the period under review, average import prices reached the maximum at $8,391 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($8,923 per ton), while the price for France totaled $2,481 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (FOB) - 2023
In December 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $2,648 per ton, which is down by -8.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 51% month-to-month. As a result, the export price attained the peak level of $4,704 per ton. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was South Korea ($4,626 per ton), while the average price for exports to Mexico ($2,466 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+228.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States
In 2022, purchases abroad of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -1.7% to 4.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of 4.1K tons, and then declined in the following year.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $32M in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.6 | 15.2 | 25.0 | 30.5 | 25.0% |
| France | 0.6 | 0.2 | 1.3 | 1.3 | 29.4% |
| Others | N/A | 0.8 | N/A | N/A | 0% |
| Total | 16.3 | 16.2 | 26.3 | 31.8 | 25.0% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to the United States in 2022:
- Canada (3.6K tons)
- France (0.4K tons)
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States
In 2022, exports of fresh or chilled carcasses and half-carcasses of bovine meat from the United States contracted dramatically to 1.3K tons, waning by -61.4% compared with 2021. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 278% against the previous year. As a result, the exports reached the peak of 3.4K tons, and then declined notably in the following year.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat declined markedly to $5.8M in 2022. Over the period under review, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 260%. As a result, the exports reached the peak of $20M, and then declined rapidly in the following year.
| Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.4 | 0.5 | 15.4 | 2.5 | 84.2% |
| Cayman Islands | 4.2 | 4.2 | 3.9 | 2.0 | -21.9% |
| Italy | N/A | N/A | N/A | 0.8 | 0% |
| China | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Colombia | N/A | N/A | N/A | 0.1 | 0% |
| Haiti | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 0.6 | 0.4 | N/A | N/A | -33.3% |
| Dominican Republic | 0.1 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 0.3 | 0.3 | N/A | -50.0% |
| Total | 6.6 | 5.5 | 19.7 | 5.8 | -4.2% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from the United States in 2022:
- Mexico (732.6 tons)
- Cayman Islands (330.0 tons)
- Italy (97.6 tons)
- Haiti (46.9 tons)
- China (39.1 tons)
- Dominican Republic (26.4 tons)
- Colombia (25.9 tons)
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