Price for Frozen Boneless Cuts of Bovine Meat in Peru - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Peru (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Peru (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Peru
- Exports of Frozen Boneless Cuts of Bovine Meat in Peru
Price for Frozen Boneless Cuts of Bovine Meat in Peru (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $7,289 per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2021 when the average import price increased by 35%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,476 per ton), while the price for Paraguay ($4,103 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Peru (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $1,273 per ton in 2022, with a decrease of -66.9% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 95% against the previous year. The export price peaked at $8,101 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($2,667 per ton), while the average price for exports to Mexico amounted to $750 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+27.4%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Boneless Cuts of Bovine Meat in Peru
In 2022, purchases abroad of frozen boneless cuts of bovine meat decreased by -20.7% to 3.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of 4.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of frozen boneless cuts of bovine meat dropped to $25M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $27M, and then dropped in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.4 | 10.8 | 9.7 | 9.9 | 10.2% |
| United States | 5.8 | 4.3 | 9.4 | 6.7 | 4.9% |
| Argentina | 0.4 | 1.6 | 2.8 | 3.4 | 104.1% |
| Uruguay | 1.2 | 2.2 | 3.1 | 2.9 | 34.2% |
| Bolivia | 1.5 | 0.6 | 1.3 | 1.1 | -9.8% |
| Paraguay | 0.7 | 1.1 | 0.8 | 1.1 | 16.3% |
| Others | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Total | 17.2 | 20.9 | 27.3 | 25.2 | 13.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Peru in 2022:
- Brazil (1833.1 tons)
- United States (535.9 tons)
- Argentina (331.5 tons)
- Uruguay (304.0 tons)
- Paraguay (265.0 tons)
- Bolivia (182.4 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Peru
After three years of growth, overseas shipments of frozen boneless cuts of bovine meat decreased by -99.9% to 11 kg in 2022. Over the period under review, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 70% against the previous year.
In value terms, exports of frozen boneless cuts of bovine meat shrank dramatically to $14 in 2022. In general, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. As a result, the exports attained the peak of $77K, and then fell remarkably in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 50.2 | 75.7 | N/A | 50.8% |
| Venezuela | N/A | N/A | N/A | N/A | 0% |
| Mexico | N/A | N/A | N/A | N/A | 0% |
| Others | 32.7 | N/A | 1.5 | N/A | -78.6% |
| Total | 32.7 | 50.2 | 77.2 | N/A | 53.7% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Peru in 2022:
- Mexico (8.0 kg)
- Venezuela (3.0 kg)
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