Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil - 2024
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (FOB) - 2024
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (CIF) - 2024
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (FOB) - 2024
In January 2024, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $2,750 per ton, shrinking by -12.7% against the previous month. Over the period under review, the export price recorded a mild setback. The most prominent rate of growth was recorded in February 2023 an increase of 22% m-o-m. As a result, the export price reached the peak level of $3,863 per ton. From March 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($4,100 per ton), while the average price for exports to Malaysia ($1,572 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.2%), while the prices for the other major destinations experienced a decline.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (CIF) - 2024
In January 2024, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $12,132 per ton, surging by 31% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 94% m-o-m. Over the period under review, average import prices attained the maximum at $12,484 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Uruguay.
From January 2023 to January 2024, the rate of growth in terms of prices for Paraguay amounted to +0.2% per month.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil
In 2022, overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 6.5% to 7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt downturn.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $20M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.9 | 0.8 | 0.1 | 5.6 | 83.9% |
| Hong Kong SAR | 7.2 | 7.6 | 3.8 | 2.5 | -29.7% |
| Singapore | 0.5 | 1.4 | 2.3 | 2.4 | 68.7% |
| Uruguay | N/A | N/A | N/A | 2.1 | 0% |
| Angola | 5.5 | 1.9 | 1.5 | 1.4 | -36.6% |
| United Arab Emirates | 1.9 | 2.1 | 2.4 | 1.3 | -11.9% |
| Saudi Arabia | 0.7 | 0.6 | 1.3 | 1.0 | 12.6% |
| Vietnam | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Paraguay | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Saint Lucia | 0.7 | 0.6 | 1.3 | N/A | 36.3% |
| Others | 1.9 | 1.8 | 3.3 | 2.3 | 6.6% |
| Total | 19.3 | 17.0 | 16.5 | 20.4 | 1.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Brazil in 2022:
- Malaysia (5.3K tons)
- Hong Kong SAR (1.5K tons)
- Singapore (0.7K tons)
- Uruguay (0.6K tons)
- Vietnam (0.5K tons)
- Angola (0.4K tons)
- United Arab Emirates (0.4K tons)
- Saudi Arabia (0.3K tons)
- Paraguay (0.3K tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil
In 2022, purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -22.8% to 367 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 35%.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced to $2.5M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports attained the peak of $2.7M, and then fell in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 1,885 | 2,064 | 2,087 | 1,976 | 1.6% |
| Paraguay | N/A | 187 | 616 | 418 | 49.5% |
| Argentina | 298 | 195 | 22.9 | 0.1 | -93.1% |
| Others | 159 | N/A | 8.9 | 72.3 | -23.1% |
| Total | 2,342 | 2,447 | 2,735 | 2,466 | 1.7% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Brazil in 2022:
- Uruguay (231.7 tons)
- Paraguay (132.5 tons)
1922
This report provides an in-depth analysis of the beef market in Brazil.
659
This report provides an in-depth analysis of the beef market in Brazil.
4219
This report provides an in-depth analysis of the global beef market.
960
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
301
This report provides an in-depth analysis of the frozen beef carcase market in Brazil.
497
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
1206
In December 2022, the beef price stood at $4,950 per ton (FOB, Brazil), with a decrease of -6% against the previous month.
466
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...
1791
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.
3863
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1646
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.
1032
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.
1252
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
