Price for Meat of Bovine Animals; Frozen in Brazil - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Brazil (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Brazil (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Brazil
- Imports of Meat of Bovine Animals; Frozen in Brazil
Price for Meat of Bovine Animals; Frozen in Brazil (FOB) - 2023
In August 2023, the average export price for meat of bovine animals; frozen amounted to $4,412 per ton, shrinking by -5.1% against the previous month. Over the period under review, the export price showed a pronounced reduction. The growth pace was the most rapid in May 2023 an increase of 7.5% against the previous month. The export price peaked at $6,152 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to Israel ($5,187 per ton) and Hong Kong SAR ($5,143 per ton), while the average price for exports to the Philippines ($3,672 per ton) and Russia ($3,816 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Meat of Bovine Animals; Frozen in Brazil (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,560 per ton in August 2023, reducing by -13.1% against the previous month. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 29% month-to-month. Over the period under review, average import prices reached the peak figure at $9,212 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($10,176 per ton), while the price for Paraguay ($4,110 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Uruguay (+1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Frozen in Brazil
In 2022, the amount of meat of bovine animals; frozen exported from Brazil soared to 1.8M tons, growing by 31% on the previous year's figure. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports soared to $10.7B in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,563 | 4,021 | 3,903 | 7,951 | 45.8% |
| United States | 0.2 | 95.7 | 460 | 443 | 1203.5% |
| Egypt | 446 | 393 | 270 | 343 | -8.4% |
| Philippines | 99.2 | 133 | 192 | 269 | 39.4% |
| United Arab Emirates | 462 | 135 | 167 | 195 | -25.0% |
| Israel | 110 | 102 | 138 | 189 | 19.8% |
| Russia | 204 | 184 | 116 | 162 | -7.4% |
| Hong Kong SAR | 707 | 806 | 586 | N/A | -9.0% |
| Others | 1,062 | 810 | 1,139 | 1,197 | 4.1% |
| Total | 5,653 | 6,679 | 6,971 | 10,749 | 23.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Brazil in 2022:
- Hong Kong SAR (undefinedK tons)
- China (1238.0K tons)
- United States (88.3K tons)
- Egypt (85.3K tons)
- Philippines (60.4K tons)
- United Arab Emirates (44.9K tons)
- Russia (37.9K tons)
- Israel (30.6K tons)
Imports of Meat of Bovine Animals; Frozen in Brazil
In 2022, meat of bovine animals; frozen imports into Brazil soared to 24K tons, with an increase of 16% compared with 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% 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 +70.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, meat of bovine animals; frozen imports surged to $183M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Meat of Bovine Animals; Frozen in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 10.0 | 15.7 | 42.6 | 59.2 | 80.9% |
| Uruguay | 31.2 | 25.7 | 43.8 | 53.3 | 19.5% |
| Argentina | 49.0 | 46.3 | 46.5 | 51.0 | 1.3% |
| Australia | 9.9 | 9.9 | 6.1 | 16.5 | 18.6% |
| Others | 4.0 | 1.9 | 2.6 | 2.4 | -15.7% |
| Total | 104 | 99.4 | 142 | 183 | 20.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Brazil in 2022:
- Paraguay (12.4K tons)
- Uruguay (5.5K tons)
- Argentina (4.6K tons)
- Australia (1.4K tons)
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