Price for Frozen Boneless Cuts of Bovine Meat in Chile - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Chile (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Chile (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Chile
- Exports of Frozen Boneless Cuts of Bovine Meat in Chile
Price for Frozen Boneless Cuts of Bovine Meat in Chile (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $4,201 per ton in December 2023, approximately reflecting the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 6.9% month-to-month. As a result, import price reached the peak level of $5,031 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,005 per ton), while the price for Brazil ($4,077 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Paraguay (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Chile (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $6,190 per ton, increasing by 15% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 23%. The export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($6,554 per ton) and Costa Rica ($5,292 per ton), while the average price for exports to Colombia ($4,631 per ton) and South Korea ($5,055 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Chile
In 2022, the amount of frozen boneless cuts of bovine meat imported into Chile contracted to 39K tons, with a decrease of -14.8% against 2021. The total import volume increased at an average annual rate of +4.1% over the period 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 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of 45K tons, and then reduced in the following year.
In value terms, imports of frozen boneless cuts of bovine meat contracted to $179M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $199M, and then contracted in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 74.6 | 61.4 | 96.1 | 98.7 | 9.8% |
| Paraguay | 27.3 | 43.5 | 75.8 | 63.5 | 32.5% |
| United States | 23.1 | 7.2 | 21.9 | 12.2 | -19.2% |
| Others | 1.2 | 2.9 | 4.8 | 4.9 | 59.8% |
| Total | 126 | 115 | 199 | 179 | 12.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Chile in 2022:
- Brazil (20.9K tons)
- Paraguay (15.3K tons)
- United States (1.3K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Chile
In 2022, shipments abroad of frozen boneless cuts of bovine meat was finally on the rise to reach 5.4K tons after two years of decline. Over the period under review, exports, however, showed a abrupt contraction.
In value terms, exports of frozen boneless cuts of bovine meat surged to $34M in 2022. Overall, exports, however, continue to indicate a noticeable decline.
| Export of Frozen Boneless Cuts of Bovine Meat in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.3 | 26.8 | 12.9 | 25.8 | -3.0% |
| Canada | 5.2 | 5.5 | 2.9 | 2.5 | -21.7% |
| Colombia | 0.6 | 1.1 | 1.4 | 2.5 | 60.9% |
| Cuba | 3.3 | 1.3 | 0.4 | 1.1 | -30.7% |
| Costa Rica | 0.2 | N/A | 0.2 | 0.7 | 51.8% |
| South Korea | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Others | 1.0 | 1.1 | 2.2 | 0.9 | -3.5% |
| Total | 39.2 | 36.4 | 20.5 | 33.7 | -4.9% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Chile in 2022:
- China (3935.3 tons)
- Colombia (530.9 tons)
- Canada (470.6 tons)
- Cuba (202.2 tons)
- Costa Rica (129.1 tons)
- South Korea (81.5 tons)
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