Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay - 2024
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (CIF) - 2024
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $1,751 per ton in 2022, which is down by -23.5% against the previous year. Overall, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 55%. The export price peaked at $2,904 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($2,963 per ton), while the average price for exports to Malaysia ($1,369 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (CIF) - 2024
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,511 per ton in January 2024, reducing by -6.7% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 21% m-o-m. The import price peaked at $3,773 per ton in September 2023; however, from October 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 Brazil.
From March 2023 to January 2024, the rate of growth in terms of prices for Brazil amounted to -0.1% per month.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Paraguay surged to 698 tons, growing by 21% compared with 2021. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 714 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped to $1.2M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $1.3M, and then reduced in the following year.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 83.2 | 229 | 114 | 566 | 89.5% |
| Brazil | 50.2 | 76.1 | 272 | 393 | 98.6% |
| Hong Kong SAR | 35.2 | 56.6 | 82.1 | 204 | 79.6% |
| Malaysia | 13.2 | 44.4 | 61.5 | 38.3 | 42.6% |
| Angola | 234 | 23.5 | 15.3 | 4.6 | -73.0% |
| United Arab Emirates | 47.4 | 47.5 | 63.7 | N/A | 15.9% |
| Albania | 20.3 | 21.6 | 15.9 | N/A | -11.5% |
| Saudi Arabia | 297 | 378 | 345 | N/A | 7.8% |
| Others | 150 | 176 | 349 | 15.4 | -53.2% |
| Total | 930 | 1,053 | 1,320 | 1,221 | 9.5% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Paraguay in 2022:
- Singapore (392.6 tons)
- Hong Kong SAR (139.2 tons)
- Brazil (132.8 tons)
- Malaysia (28.0 tons)
- Angola (2.0 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay
In 2022, approx. 252 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Paraguay; increasing by 417% against 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $939K in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.2 | N/A | 155 | 939 | 407.1% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 7.9 | N/A | 155 | 939 | 391.7% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Paraguay in 2022:
- Brazil (252.0 tons)
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