Price for Meat of Bovine Animals; Frozen in Peru - 2021

Price for Meat of Bovine Animals; Frozen in Peru (CIF) - 2021

In April 2020, the average import price for meat of bovine animals; frozen amounted to $6,148 per ton, rising by 27% against the previous month. Over the period from January 2020 to April 2020, it increased at an average monthly rate of +7.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the United States ($13,049 per ton), while the price for Bolivia ($2,841 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by the United States (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Meat of Bovine Animals; Frozen in Peru (FOB) - 2022

The average export price for meat of bovine animals; frozen stood at $4,764 per ton in 2021, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,331 per ton), while the average price for exports to Hong Kong SAR totaled $4,662 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-1.7%).

Imports of Meat of Bovine Animals; Frozen in Peru

In 2022, meat of bovine animals; frozen imports into Peru reached 4.5K tons, approximately equating the previous year's figure. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 4.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat of bovine animals; frozen imports dropped to $26M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +37.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $30M, and then shrank in the following year.

Import of Meat of Bovine Animals; Frozen in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.2	5.4	11.7	10.2	12.3%
Brazil	7.4	10.8	9.7	8.3	3.9%
Uruguay	1.2	2.2	3.1	2.7	31.0%
Argentina	0.4	1.6	2.8	2.5	84.2%
Bolivia	1.5	0.6	1.3	1.2	-7.2%
Paraguay	0.7	1.1	0.8	0.7	0.0%
Others	0.2	0.2	0.2	0.2	0.0%
Total	18.7	21.9	29.6	25.7	11.2%

Top Suppliers of Meat of Bovine Animals; Frozen to Peru in 2022:

Brazil (2152.1 tons)
United States (913.6 tons)
Uruguay (485.9 tons)
Argentina (455.7 tons)
Bolivia (336.6 tons)
Paraguay (159.5 tons)

Exports of Meat of Bovine Animals; Frozen in Peru

In 2021, the amount of meat of bovine animals; frozen exported from Peru declined sharply to 4 tons, dropping by -23.8% on 2020 figures. In general, exports faced a dramatic setback. The smallest decline of -23.8% was in 2020.

In value terms, meat of bovine animals; frozen exports contracted rapidly to $19K in 2021. Over the period under review, exports showed a precipitous slump.