Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil - 2024
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (FOB) - 2024
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (CIF) - 2024
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (FOB) - 2024
The average export price for fresh or chilled boneless cuts of bovine meat stood at $5,418 per ton in January 2024, which is down by -2.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 6.1% against the previous month. The export price peaked at $5,850 per ton in May 2023; however, from June 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($9,767 per ton), while the average price for exports to Paraguay ($3,299 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (CIF) - 2024
In January 2024, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $7,613 per ton, growing by 6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in September 2023 an increase of 25% against the previous month. Over the period under review, average import prices attained the peak figure in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($11,753 per ton), while the price for Paraguay ($6,683 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Uruguay (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil
In 2022, approx. 142K tons of fresh or chilled boneless cuts of bovine meat were exported from Brazil; waning by -25.2% against the previous year. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat fell remarkably to $868M in 2022. Over the period under review, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $1.1B, and then dropped markedly in the following year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 351 | 308 | 461 | 294 | -5.7% |
| Uruguay | 91.6 | 91.4 | 95.9 | 104 | 4.3% |
| Netherlands | 58.8 | 62.0 | 96.2 | 89.9 | 15.2% |
| Saudi Arabia | 45.1 | 55.8 | 61.4 | 67.4 | 14.3% |
| United Arab Emirates | 47.1 | 49.0 | 53.3 | 64.6 | 11.1% |
| Israel | 6.3 | 15.2 | 46.6 | 53.3 | 103.8% |
| Jordan | 43.9 | 32.6 | 41.4 | 26.0 | -16.0% |
| Lebanon | 64.3 | 29.8 | 16.5 | 20.8 | -31.4% |
| Saint Lucia | 45.1 | 55.8 | 61.4 | N/A | 16.7% |
| Algeria | 51.4 | 34.7 | N/A | N/A | -32.5% |
| Others | 133 | 87.6 | 124 | 148 | 3.6% |
| Total | 938 | 822 | 1,057 | 868 | -2.6% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Brazil in 2022:
- Chile (56.7K tons)
- Uruguay (21.0K tons)
- Saudi Arabia (12.6K tons)
- United Arab Emirates (11.1K tons)
- Netherlands (7.9K tons)
- Israel (7.8K tons)
- Jordan (5.0K tons)
- Lebanon (3.6K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil
In 2022, approx. 29K tons of fresh or chilled boneless cuts of bovine meat were imported into Brazil; rising by 24% against the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat surged to $186M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 59.7 | 73.0 | 103 | 152 | 36.5% |
| Argentina | 22.3 | 14.8 | 15.0 | 17.9 | -7.1% |
| Uruguay | 23.0 | 12.9 | 14.2 | 15.8 | -11.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 105 | 101 | 132 | 186 | 21.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Brazil in 2022:
- Paraguay (26.2K tons)
- Argentina (1.5K tons)
- Uruguay (1.5K tons)
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