Price for Meat of Bovine Animals; Frozen in Indonesia - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Indonesia (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Indonesia (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Indonesia
- Exports of Meat of Bovine Animals; Frozen in Indonesia
Price for Meat of Bovine Animals; Frozen in Indonesia (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $3,131 per ton in March 2022, growing by 2.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 an increase of 12% against the previous month. The import price peaked at $3,827 per ton in September 2021; however, from October 2021 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($7,160 per ton), while the price for India ($2,921 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Indonesia (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $2,374 per ton, dropping by -5% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 98% against the previous year. As a result, the export price reached the peak level of $4,810 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($2,480 per ton), while the average price for exports to Brunei Darussalam ($1,396 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 Maldives (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Meat of Bovine Animals; Frozen in Indonesia
In 2022, approx. 269K tons of meat of bovine animals; frozen were imported into Indonesia; with an increase of 30% on the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +64.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $1B in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +84.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 46.9 | 79.8 | 137 | 461 | 114.2% |
| Australia | 442 | 334 | 390 | 391 | -4.0% |
| United States | 104 | 92.7 | 119 | 119 | 4.6% |
| New Zealand | 42.7 | 33.1 | 56.0 | 37.1 | -4.6% |
| Spain | 16.5 | 17.4 | 21.4 | 21.5 | 9.2% |
| Others | 1.3 | 1.8 | 21.5 | 3.1 | 33.6% |
| Total | 653 | 559 | 744 | 1,033 | 16.5% |
Top Suppliers of Meat of Bovine Animals; Frozen to Indonesia in 2022:
- India (121.6K tons)
- Australia (114.9K tons)
- United States (18.5K tons)
- New Zealand (9.2K tons)
- Spain (4.8K tons)
Exports of Meat of Bovine Animals; Frozen in Indonesia
In 2022, exports of meat of bovine animals; frozen from Indonesia fell remarkably to 157 tons, reducing by -37.9% against the previous year. In general, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 301%. As a result, the exports attained the peak of 252 tons, and then contracted notably in the following year.
In value terms, meat of bovine animals; frozen exports fell remarkably to $372K in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 454% against the previous year. As a result, the exports attained the peak of $630K, and then dropped sharply in the following year.
| Export of Meat of Bovine Animals; Frozen in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 437 | 107 | 574 | 343 | -7.8% |
| Malaysia | 6.3 | 1.3 | 32.1 | 16.1 | 36.7% |
| Angola | 39.3 | 5.0 | 8.8 | 11.1 | -34.4% |
| Senegal | N/A | N/A | 12.5 | N/A | 0% |
| Others | 7.7 | 1.0 | 3.4 | 1.7 | -39.6% |
| Total | 491 | 114 | 630 | 372 | -8.8% |
Top Export Markets for Meat of Bovine Animals; Frozen from Indonesia in 2022:
- Hong Kong SAR (143.4 tons)
- Malaysia (7.7 tons)
- Angola (4.5 tons)
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