Price for Frozen Boneless Cuts of Bovine Meat in Paraguay - 2024
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Paraguay (FOB) - 2024
- Price for Frozen Boneless Cuts of Bovine Meat in Paraguay (CIF) - 2024
- Exports of Frozen Boneless Cuts of Bovine Meat in Paraguay
- Imports of Frozen Boneless Cuts of Bovine Meat in Paraguay
Price for Frozen Boneless Cuts of Bovine Meat in Paraguay (FOB) - 2024
The average export price for frozen boneless cuts of bovine meat stood at $4,116 per ton in January 2024, increasing by 1.7% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 5.4% m-o-m. As a result, the export price reached the peak level of $4,479 per ton. From June 2023 to January 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Brazil ($5,960 per ton), while the average price for exports to Russia ($3,256 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Paraguay (CIF) - 2024
In January 2024, the average import price for frozen boneless cuts of bovine meat amounted to $4,345 per ton, reducing by -7.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in March 2023 an increase of 32% m-o-m. Over the period under review, average import prices attained the peak figure at $4,721 per ton in April 2023; however, from May 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($7,755 per ton), while the price for Brazil ($2,950 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Frozen Boneless Cuts of Bovine Meat in Paraguay
For the fourth year in a row, Paraguay recorded growth in overseas shipments of frozen boneless cuts of bovine meat, which increased by 4.1% to 182K tons in 2022. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat amounted to $849M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Frozen Boneless Cuts of Bovine Meat in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 293 | 211 | 300 | 263 | -3.5% |
| Taiwan (Chinese) | 71.8 | 116 | 147 | 204 | 41.6% |
| Israel | 106 | 88.7 | 97.7 | 100 | -1.9% |
| Chile | 15.9 | 44.2 | 74.4 | 62.9 | 58.2% |
| Brazil | 10.0 | 15.6 | 42.1 | 58.8 | 80.5% |
| Kuwait | 17.3 | 24.4 | 23.1 | 31.8 | 22.5% |
| Hong Kong SAR | 1.2 | 23.2 | 8.6 | 30.8 | 195.0% |
| Others | 39.5 | 66.8 | 79.1 | 98.0 | 35.4% |
| Total | 555 | 590 | 771 | 849 | 15.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Paraguay in 2022:
- Russia (65.4K tons)
- Taiwan (Chinese) (38.9K tons)
- Chile (16.3K tons)
- Israel (15.7K tons)
- Brazil (12.3K tons)
- Hong Kong SAR (7.0K tons)
- Kuwait (5.3K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Paraguay
Imports of frozen boneless cuts of bovine meat into Paraguay soared to 3.8K tons in 2022, rising by 1,127% compared with the previous year. In general, imports continue to indicate 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 boneless cuts of bovine meat surged to $16M in 2022. Overall, 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 Boneless Cuts of Bovine Meat in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.1 | 0.4 | 7.8 | 783.2% |
| Brazil | 1.7 | 0.3 | 0.1 | 6.2 | 53.9% |
| Taiwan (Chinese) | N/A | 0.2 | 0.3 | 0.7 | 87.1% |
| Chile | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Others | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| Total | 1.9 | 1.1 | 1.5 | 15.8 | 102.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Paraguay in 2022:
- Russia (1897.2 tons)
- Brazil (1614.8 tons)
- Taiwan (Chinese) (105.6 tons)
- Chile (98.0 tons)
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