Price for Meat of Bovine Animals; Fresh or Chilled in Singapore - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Singapore (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Singapore (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Singapore
- Exports of Meat of Bovine Animals; Fresh or Chilled in Singapore
Price for Meat of Bovine Animals; Fresh or Chilled in Singapore (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $26,878 per ton in September 2022, increasing by 4.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $27,828 per ton in January 2022; however, from February 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($75,096 per ton), while the price for Brazil ($12,412 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Singapore (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $27,786 per ton in September 2022, falling by -41% against the previous month. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 109% against the previous month. The export price peaked at $73,079 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Maldives ($60,712 per ton), while the average price for exports to Myanmar ($12,128 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Singapore
In 2022, purchases abroad of meat of bovine animals; fresh or chilled decreased by -4.6% to 6.3K tons, falling for the second year in a row after two years of growth. Overall, imports saw a mild descent. The pace of growth was the most pronounced in 2020 when imports increased by 0.4%. As a result, imports attained the peak of 6.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of meat of bovine animals; fresh or chilled amounted to $122M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Fresh or Chilled in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 52.9 | 58.9 | 65.4 | 63.5 | 6.3% |
| Japan | 14.2 | 11.9 | 17.7 | 19.5 | 11.2% |
| New Zealand | 12.4 | 12.8 | 14.6 | 18.9 | 15.1% |
| United States | 11.1 | 9.3 | 11.1 | 11.2 | 0.3% |
| Argentina | 2.0 | 2.6 | 3.9 | 5.8 | 42.6% |
| Brazil | 2.0 | 1.7 | 1.7 | 1.1 | -18.1% |
| Others | 1.0 | 0.8 | 1.4 | 2.0 | 26.0% |
| Total | 95.6 | 97.9 | 116 | 122 | 8.5% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Singapore in 2022:
- Australia (3627.3 tons)
- New Zealand (1312.7 tons)
- United States (384.0 tons)
- Japan (364.1 tons)
- Argentina (347.8 tons)
- Brazil (127.8 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Singapore
In 2022, approx. 107 tons of meat of bovine animals; fresh or chilled were exported from Singapore; dropping by -20.7% on the year before. In general, exports showed a sharp slump. The smallest decline of -0.2% was in 2020.
In value terms, exports of meat of bovine animals; fresh or chilled contracted to $1.1M in 2022. Over the period under review, exports saw a dramatic decline.
| Export of Meat of Bovine Animals; Fresh or Chilled in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 615 | 179 | 572 | 541 | -4.2% |
| Indonesia | 1,431 | 1,228 | 469 | 494 | -29.8% |
| Timor-Leste | 7.4 | 40.2 | 49.5 | 75.3 | 116.7% |
| Myanmar | N/A | N/A | N/A | 19.6 | 0% |
| Cambodia | 172 | 140 | 83.6 | 12.8 | -57.9% |
| Malaysia | 187 | 39.8 | 45.8 | 5.0 | -70.1% |
| Others | 30.0 | 42.0 | 115 | 1.1 | -66.8% |
| Total | 2,443 | 1,669 | 1,335 | 1,149 | -22.2% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Singapore in 2022:
- Indonesia (88.7 tons)
- Maldives (10.6 tons)
- Timor-Leste (4.0 tons)
- Myanmar (2.3 tons)
- Cambodia (0.9 tons)
- Malaysia (0.3 tons)
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