Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile - 2024

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (FOB) - 2024
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (CIF) - 2022
3. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile
4. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (FOB) - 2024

The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,527 per ton in January 2024, therefore, remained relatively stable against the previous month. In general, the export price, however, saw a perceptible setback. Over the period under review, the average export prices attained the peak figure at $3,994 per ton in October 2023; however, from November 2023 to January 2024, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was South Korea ($3,604 per ton), while the average price for exports to China stood at $3,521 per ton.

From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.8%).

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile (CIF) - 2022

In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $10,324 per ton, jumping by 27% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +55.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 107% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,329 per ton), while the price for Canada stood at $10,163 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Chile surged to 19K tons, picking up by 39% on 2021 figures. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $89M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Chile in 2022:

1. China (18.4K tons)
2. South Korea (0.2K tons)

Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Chile

In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Chile dropped sharply to 509 tons, which is down by -52.9% on the previous year. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 350% against the previous year. As a result, imports reached the peak of 1.1K tons, and then fell dramatically in the following year.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined sharply to $5.3M in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 324% against the previous year. As a result, imports reached the peak of $8.8M, and then dropped remarkably in the following year.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Chile in 2022:

1. United States (495.3 tons)
2. Canada (14.2 tons)

Source: IndexBox Market Intelligence Platform