Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,105 per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum at $3,683 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.4% per year.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,906 per ton in 2022, increasing by 28% against the previous year. Overall, the import price, however, showed a noticeable downturn. The growth pace was the most rapid in 2013 an increase of 58% against the previous year. The import price peaked at $10,094 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +5.5% per year.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Uruguay shrank to 148K tons, with a decrease of -3.1% compared with the previous year. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 215% against the previous year. As a result, the exports attained the peak of 153K tons, and then declined slightly in the following year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded significantly to $461M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 171%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 199 | 156 | 423 | 287 | 13.0% |
| Others | 2.2 | 2.2 | 3.8 | 174 | 329.2% |
| Total | 201 | 158 | 427 | 461 | 31.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Uruguay in 2022:
- China (65.3K tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay
In 2022, supplies from abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 1,459% to 595 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a significant increase. 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 $2.3M in 2022. Over the period under review, imports showed 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 Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 9.0 | N/A | 2,326 | 1507.6% |
| South Korea | 48.7 | 103 | N/A | N/A | 111.5% |
| Chile | N/A | N/A | 53.5 | N/A | 0% |
| Germany | 415 | 330 | 26.4 | N/A | -74.8% |
| United States | 179 | 197 | 33.3 | N/A | -56.9% |
| Others | 68.5 | 139 | 3.6 | N/A | -77.1% |
| Total | 711 | 777 | 117 | 2,326 | 48.4% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Uruguay in 2022:
- Brazil (595.4 tons)
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