Bovine Animals; Live Price in Mexico - 2023
Contents:
- Bovine Animals; Live Price in Mexico (FOB) - 2022
- Bovine Animals; Live Price in Mexico (CIF) - 2021
- Bovine Animals; Live Exports in Mexico
- Bovine Animals; Live Imports in Mexico
Bovine Animals; Live Price in Mexico (FOB) - 2022
In 2022, the average bovine animals; live export price amounted to $876 per unit, growing by 4.8% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live export price decreased by -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26% against the previous year. The export price peaked at $942 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.0% per year.
Bovine Animals; Live Price in Mexico (CIF) - 2021
In October 2021, the average bovine animals; live import price amounted to $1,365 per unit, approximately mirroring the previous month. Over the period from September 2021 to October 2021, it increased at an average monthly rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From September 2021 to October 2021, the rate of growth in terms of prices for the United States amounted to +1.2% per month.
Bovine Animals; Live Exports in Mexico
For the third year in a row, Mexico recorded decline in shipments abroad of bovine animals; lives, which decreased by -4.9% to 552K units in 2022. In general, exports saw a deep setback. The smallest decline of -0.6% was in 2020. The exports peaked at 944K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bovine animals; live exports reduced modestly to $484M in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.2% against the previous year. As a result, the exports attained the peak of $883M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Bovine Animals; Live in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 824 | 883 | 485 | 484 | -16.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 824 | 883 | 485 | 484 | -16.3% |
Top Export Markets for Bovine Animals; Live from Mexico in 2022:
- United States (551.8K units)
Bovine Animals; Live Imports in Mexico
In 2022, approx. 114K units of bovine animals; lives were imported into Mexico; increasing by 15% against the previous year's figure. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 130%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, bovine animals; live imports soared to $128M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 136%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Bovine Animals; Live in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.3 | 43.9 | 106 | 128 | 48.2% |
| Others | 3.6 | 1.1 | 0.3 | N/A | -71.1% |
| Total | 42.8 | 45.0 | 106 | 128 | 44.1% |
Top Suppliers of Bovine Animals; Live to Mexico in 2022:
- United States (114.3K units)
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