Price for Frozen Boneless Cuts of Bovine Meat in Uruguay - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Uruguay (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Uruguay (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Uruguay
- Imports of Frozen Boneless Cuts of Bovine Meat in Uruguay
Price for Frozen Boneless Cuts of Bovine Meat in Uruguay (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $6,625 per ton, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Brazil ($9,681 per ton), while the average price for exports to Russia ($3,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Uruguay (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $3,574 per ton in 2022, rising by 5.2% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. As a result, import price reached the peak level of $5,561 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($3,664 per ton), while the price for Brazil stood at $3,497 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Uruguay
In 2022, the amount of frozen boneless cuts of bovine meat exported from Uruguay contracted to 277K tons, falling by -7.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 299K tons, and then contracted in the following year.
In value terms, exports of frozen boneless cuts of bovine meat expanded rapidly to $1.8B in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +66.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 55%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 879 | 585 | 1,147 | 1,190 | 10.6% |
| United States | 186 | 241 | 216 | 275 | 13.9% |
| Israel | 30.5 | 47.7 | 82.5 | 74.9 | 34.9% |
| Brazil | 29.1 | 23.8 | 42.4 | 50.7 | 20.3% |
| Canada | 26.2 | 69.8 | 39.4 | 46.7 | 21.2% |
| Italy | 15.3 | 33.2 | 30.2 | 26.8 | 20.5% |
| Others | 84.1 | 102 | 154 | 169 | 26.2% |
| Total | 1,250 | 1,102 | 1,711 | 1,832 | 13.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Uruguay in 2022:
- China (192.7K tons)
- United States (38.2K tons)
- Israel (8.9K tons)
- Canada (8.6K tons)
- Brazil (5.2K tons)
- Italy (3.6K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Uruguay
Imports of frozen boneless cuts of bovine meat into Uruguay surged to 4.2K tons in 2022, picking up by 21% against 2021. Over the period under review, imports, however, recorded a abrupt descent.
In value terms, imports of frozen boneless cuts of bovine meat soared to $15M in 2022. Overall, imports, however, saw a perceptible decrease.
| Import of Frozen Boneless Cuts of Bovine Meat in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 13.4 | 7.3 | 5.7 | 8.0 | -15.8% |
| Paraguay | 0.5 | 4.4 | 5.2 | 6.9 | 139.9% |
| United States | 1.0 | 7.1 | 0.2 | N/A | -55.3% |
| Others | 1.5 | 0.8 | 0.6 | N/A | -36.8% |
| Total | 16.4 | 19.4 | 11.8 | 14.9 | -3.1% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Uruguay in 2022:
- Brazil (2.3K tons)
- Paraguay (1.9K tons)
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