Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh - 2022

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh (CIF) - 2022
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh (CIF) - 2022

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,175 per ton in 2022, leveling off at the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 126%. Over the period under review, average import prices attained the maximum at $10,033 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($49,636 per ton), while the price for Thailand ($4,434 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh (FOB) - 2022

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,891 per ton, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,587 per ton in 2018; however, from 2019 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 Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +0.3% per year.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh

In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Bangladesh declined remarkably to 2.6 tons, reducing by -47.9% against the previous year's figure. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 5,714%. As a result, imports reached the peak of 5 tons, and then declined notably in the following year.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted remarkably to $13K in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 3,327%. As a result, imports reached the peak of $26K, and then fell notably in the following year.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Bangladesh in 2022:

1. Thailand (1989.0 kg)
2. United States (542.0 kg)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bangladesh

After two years of decline, overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by 0% to 1.7 tons in 2022. Over the period under review, exports saw a significant curtailment. The smallest decline of -49.8% was in 2020.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat totaled $12K in 2022. Overall, exports showed a dramatic shrinkage. The smallest decline of -49.9% was in 2020.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Bangladesh in 2022:

1. Maldives (1.7 tons)

Source: IndexBox Market Intelligence Platform