Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (CIF) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (CIF) - 2022
In December 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,862 per ton, rising by 23% against the previous month. Over the period under review, import price indicated a temperate increase from December 2021 to December 2022: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -16.7% against October 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 49% against the previous month. Over the period under review, average import prices reached the peak figure at $5,840 per ton in October 2022; however, from November 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($22,204 per ton), while the price for Paraguay ($2,647 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Argentina (+140.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $1,838 per ton, falling by -3.3% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +6.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $1,900 per ton in 2021, and then declined slightly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($2,048 per ton), while the average price for exports to Marshall Islands amounted to $1,410 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+8.8%).
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola
In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Angola reduced rapidly to 1.2K tons, dropping by -27.6% on the previous year. In general, imports saw a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 0.4% against the previous year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced to $4.5M in 2022. Overall, imports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9% against the previous year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 3,329 | 778 | 711 | 1,768 | -19.0% |
| Portugal | 158 | 34.6 | 282 | 637 | 59.2% |
| Spain | 167 | 49.3 | 178 | 503 | 44.4% |
| Namibia | 1.7 | 39.3 | 94.1 | 448 | 541.1% |
| Italy | 1,013 | 413 | 602 | 376 | -28.1% |
| Argentina | 185 | 61.1 | 22.2 | 323 | 20.4% |
| Paraguay | 262 | 15.1 | 39.5 | 114 | -24.2% |
| Congo | 0.5 | 0.2 | 5.1 | 23.6 | 261.4% |
| India | 440 | 295 | 426 | N/A | -1.6% |
| Lebanon | 167 | 75.0 | 72.6 | N/A | -34.1% |
| Mexico | 1,045 | 704 | 1,022 | N/A | -1.1% |
| Others | 2,492 | 1,811 | 1,204 | 265 | -52.6% |
| Total | 9,259 | 4,275 | 4,658 | 4,458 | -21.6% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Angola in 2022:
- Brazil (526.5 tons)
- Argentina (194.5 tons)
- Italy (139.0 tons)
- Namibia (131.0 tons)
- Portugal (109.2 tons)
- Spain (62.8 tons)
- Congo (40.9 tons)
- Paraguay (37.7 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola
After three years of growth, shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -81% to 185 kg in 2022. In general, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 48%.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined significantly to $340 in 2022. Over the period under review, exports saw a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 72%.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 66.0 | N/A | 1,837 | 254 | 56.7% |
| Marshall Islands | N/A | N/A | N/A | 86.0 | 0% |
| Paraguay | 691 | N/A | N/A | N/A | 0% |
| Others | N/A | 1,304 | 14.0 | N/A | -98.9% |
| Total | 757 | 1,304 | 1,851 | 340 | -23.4% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Angola in 2022:
- Democratic Republic of the Congo (124.0 kg)
- Marshall Islands (61.0 kg)
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