Price for Frozen Boneless Cuts of Bovine Meat in Angola - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Angola (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Angola (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Angola
- Exports of Frozen Boneless Cuts of Bovine Meat in Angola
Price for Frozen Boneless Cuts of Bovine Meat in Angola (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $6,285 per ton in December 2022, reducing by -2.7% against the previous month. Overall, import price indicated a measured expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for frozen boneless cuts of bovine meat decreased by -22.9% against September 2022 indices. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 26% m-o-m. Over the period under review, average import prices hit record highs at $8,148 per ton in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($10,528 per ton), while the price for Russia ($2,277 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Angola (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $828 per ton, waning by -47.7% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 258%. Over the period under review, the average export prices reached the maximum at $18,991 per ton in 2020; however, from 2021 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 Democratic Republic of the Congo ($5,860 per ton), while the average price for exports to Panama ($694 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+300.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Angola
In 2022, imports of frozen boneless cuts of bovine meat into Angola reduced to 4.6K tons, falling by -5.2% on the previous year. In general, imports recorded a precipitous curtailment. The smallest decline of -1.8% was in 2021.
In value terms, imports of frozen boneless cuts of bovine meat totaled $27M in 2022. Over the period under review, imports faced a abrupt decline.
| Import of Frozen Boneless Cuts of Bovine Meat in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 15.5 | 7.6 | 6.1 | 12.3 | -7.4% |
| Italy | 8.6 | 7.7 | 10.2 | 4.2 | -21.3% |
| Paraguay | 0.8 | N/A | 1.5 | 2.0 | 35.7% |
| Portugal | 2.6 | 1.3 | 1.2 | 1.9 | -9.9% |
| South Africa | 2.1 | 0.9 | 2.1 | 1.5 | -10.6% |
| Australia | 1.9 | 1.1 | 0.1 | 1.3 | -11.9% |
| United States | 1.4 | 1.0 | 0.6 | 1.3 | -2.4% |
| India | 12.8 | 2.6 | 1.4 | 0.6 | -63.9% |
| Colombia | N/A | N/A | N/A | 0.6 | 0% |
| Others | 2.4 | 2.2 | 1.6 | 1.5 | -14.5% |
| Total | 48.2 | 24.3 | 24.8 | 27.3 | -17.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Angola in 2022:
- Brazil (2301.7 tons)
- Italy (810.6 tons)
- Portugal (301.2 tons)
- Paraguay (286.8 tons)
- India (205.7 tons)
- South Africa (149.8 tons)
- United States (128.7 tons)
- Australia (128.4 tons)
- Colombia (113.7 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Angola
Exports of frozen boneless cuts of bovine meat from Angola soared to 3.2 tons in 2022, growing by 258% against 2021. In general, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat surged to $2.6K in 2022. Overall, exports, however, recorded a significant contraction.
| Export of Frozen Boneless Cuts of Bovine Meat in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | N/A | 1.5 | 0% |
| Marshall Islands | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Democratic Republic of the Congo | 0.6 | 0.3 | N/A | 0.3 | -20.6% |
| Spain | 31.7 | 33.1 | 1.2 | N/A | -80.5% |
| Namibia | 4.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 12.6 | 0.1 | N/A | -99.2% |
| Total | 37.1 | 46.0 | 1.4 | 2.6 | -58.8% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Angola in 2022:
- Panama (2.1 tons)
- Marshall Islands (1.0 tons)
- Democratic Republic of the Congo (0.1 tons)
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