Price for Meat of Bovine Animals; Frozen in Paraguay - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Paraguay (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Paraguay (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Paraguay
- Imports of Meat of Bovine Animals; Frozen in Paraguay
Price for Meat of Bovine Animals; Frozen in Paraguay (FOB) - 2023
In November 2023, the average export price for meat of bovine animals; frozen amounted to $3,987 per ton, falling by -2.8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 5.5% month-to-month. As a result, the export price reached the peak level of $4,470 per ton. From June 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Brazil ($6,139 per ton), while the average price for exports to Russia ($3,331 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Paraguay (CIF) - 2023
In November 2023, the average import price for meat of bovine animals; frozen amounted to $3,955 per ton, leveling off at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 25% month-to-month. Over the period under review, average import prices attained the maximum at $4,358 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($6,100 per ton), while the price for Brazil ($3,793 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Argentina (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Meat of Bovine Animals; Frozen in Paraguay
Meat of bovine animals; frozen exports from Paraguay reached 183K tons in 2022, with an increase of 4.1% on the previous year. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports rose sharply to $850M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Meat of Bovine Animals; Frozen in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 292 | 211 | 299 | 263 | -3.4% |
| Taiwan (Chinese) | 71.8 | 116 | 147 | 204 | 41.6% |
| Israel | 106 | 88.7 | 97.7 | 100 | -1.9% |
| Chile | 15.9 | 44.2 | 74.4 | 62.9 | 58.2% |
| Brazil | 10.0 | 15.8 | 42.7 | 59.2 | 80.9% |
| Kuwait | 17.3 | 24.4 | 23.1 | 31.8 | 22.5% |
| Hong Kong SAR | 1.2 | 23.2 | 8.8 | 31.0 | 195.6% |
| Others | 40.9 | 67.8 | 79.8 | 98.6 | 34.1% |
| Total | 555 | 591 | 773 | 850 | 15.3% |
Top Export Markets for Meat of Bovine Animals; Frozen from Paraguay in 2022:
- Russia (65.4K tons)
- Taiwan (Chinese) (38.9K tons)
- Chile (16.3K tons)
- Israel (15.7K tons)
- Brazil (12.5K tons)
- Hong Kong SAR (7.1K tons)
- Kuwait (5.3K tons)
Imports of Meat of Bovine Animals; Frozen in Paraguay
In 2022, approx. 4.1K tons of meat of bovine animals; frozen were imported into Paraguay; increasing by 1,031% compared with the previous year. Overall, imports showed significant growth. 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 $17M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.1 | 0.4 | 7.8 | 783.2% |
| Brazil | 1.7 | 0.3 | 0.3 | 7.1 | 61.0% |
| Taiwan (Chinese) | N/A | 0.2 | 0.3 | 0.7 | 87.1% |
| Chile | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Others | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| Total | 1.9 | 1.1 | 1.6 | 16.7 | 106.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to Paraguay in 2022:
- Russia (1897.2 tons)
- Brazil (1866.8 tons)
- Taiwan (Chinese) (105.6 tons)
- Chile (98.0 tons)
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