Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $11,384 per ton in October 2023, picking up by 40% against the previous month. In general, import price indicated a measured increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +87.2% against June 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($18,385 per ton), while the price for Nicaragua stood at $5,476 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Honduras (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $14,892 per ton in 2022, increasing by 606% against the previous year. Over the period under review, the export price showed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to -5.3% per year.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala
In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Guatemala reached 425 tons, picking up by 5.1% against the previous year's figure. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined to $2.9M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $3.1M, and then shrank slightly in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,270 | 1,424 | 1,876 | 1,319 | 1.3% |
| Nicaragua | 1,404 | 761 | 1,080 | 1,231 | -4.3% |
| Honduras | 62.0 | 186 | 105 | 336 | 75.7% |
| Dominican Republic | N/A | 4.5 | N/A | 24.9 | 135.2% |
| Others | 8.8 | 19.2 | N/A | 1.3 | -47.1% |
| Total | 2,744 | 2,395 | 3,061 | 2,911 | 2.0% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Guatemala in 2022:
- Nicaragua (205.3 tons)
- United States (107.7 tons)
- Honduras (65.4 tons)
- Dominican Republic (46.3 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Guatemala
Exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Guatemala surged to 2.4 tons in 2022, jumping by 119% against the year before. In general, exports, however, showed a dramatic shrinkage.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $35K in 2022. Overall, exports enjoyed strong growth. As a result, the exports reached 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 Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| El Salvador | 28.7 | 2.3 | 35.4 | 11.1% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 28.7 | 2.3 | 35.4 | 11.1% | |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Guatemala in 2022:
- El Salvador (16.9 tons)
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