Price for Frozen Boneless Cuts of Bovine Meat in Colombia - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Colombia (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Colombia (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Colombia
- Imports of Frozen Boneless Cuts of Bovine Meat in Colombia
Price for Frozen Boneless Cuts of Bovine Meat in Colombia (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $3,958 per ton in February 2022, approximately equating the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 9.6% against the previous month. The export price peaked at $4,217 per ton in July 2021; however, from August 2021 to February 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In February 2022, the countries with the highest prices were Curacao ($4,796 per ton) and Turkey ($4,751 per ton), while the average price for exports to Egypt ($3,633 per ton) and Libya ($3,762 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Colombia (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $6,407 per ton in February 2022, reducing by -5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in September 2021 an increase of 17% against the previous month. The import price peaked at $6,746 per ton in January 2022, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Uruguay ($9,779 per ton), while the price for Chile ($5,148 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Colombia
In 2022, overseas shipments of frozen boneless cuts of bovine meat decreased by -14.2% to 28K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, the exports reached the peak of 33K tons, and then fell in the following year.
In value terms, exports of frozen boneless cuts of bovine meat fell to $115M in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, the exports attained the peak of $128M, and then reduced in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 20.7 | 26.9 | 59.6 | 82.6 | 58.6% |
| Egypt | 9.3 | 9.2 | 31.6 | 10.0 | 2.4% |
| Libya | 1.6 | 4.5 | 12.7 | 8.1 | 71.7% |
| Saudi Arabia | N/A | 2.7 | 4.7 | 4.3 | 26.2% |
| Turkey | N/A | N/A | 0.1 | 2.2 | 2100.0% |
| Lebanon | 2.9 | 9.2 | 3.6 | 1.3 | -23.5% |
| Hong Kong SAR | 1.9 | 8.5 | 10.5 | 0.7 | -28.3% |
| Vietnam | 6.9 | 1.4 | 0.4 | N/A | -75.9% |
| Others | 0.4 | 2.3 | 5.1 | 5.9 | 145.2% |
| Total | 43.6 | 64.8 | 128 | 115 | 38.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Colombia in 2022:
- Russia (19.5K tons)
- Egypt (2.8K tons)
- Libya (2.2K tons)
- Saudi Arabia (1.3K tons)
- Turkey (0.4K tons)
- Lebanon (0.3K tons)
- Hong Kong SAR (0.1K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Colombia
In 2022, approx. 6K tons of frozen boneless cuts of bovine meat were imported into Colombia; growing by 24% against the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +68.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat surged to $37M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.2 | 12.5 | 20.8 | 31.0 | 19.4% |
| Chile | 0.6 | 1.0 | 1.5 | 2.6 | 63.0% |
| Paraguay | 0.1 | 0.2 | 1.0 | 2.2 | 180.2% |
| Argentina | 2.2 | 5.0 | 2.3 | 1.0 | -23.1% |
| Others | 0.2 | 0.1 | 0.5 | 0.3 | 14.5% |
| Total | 21.3 | 18.8 | 26.1 | 37.1 | 20.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Colombia in 2022:
- United States (4.6K tons)
- Chile (0.5K tons)
- Paraguay (0.4K tons)
- Argentina (0.2K tons)
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