Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United States - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United States (FOB) - 2022
2. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United States

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the United States (FOB) - 2022

In 2022, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $4,611 per ton, which is down by -20.6% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46%. Over the period under review, the average export prices reached the maximum at $6,895 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 China ($11,377 per ton), while the average price for exports to South Africa ($1,665 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 (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the United States

In 2022, exports of frozen carcasses and half-carcasses of bovine meat from the United States surged to 1.4K tons, rising by 76% on the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat surged to $6.4M in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 168% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from the United States in 2022:

1. Mexico (464.0 tons)
2. South Africa (332.3 tons)
3. Dominican Republic (283.7 tons)
4. China (134.8 tons)
5. Guatemala (51.9 tons)
6. Germany (15.3 tons)
7. Japan (0.4 tons)

Source: IndexBox Market Intelligence Platform