Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $8,968 per ton in October 2023, surging by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in May 2023 an increase of 23% month-to-month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,456 per ton), while the price for Costa Rica ($7,687 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $4,474 per ton in 2022, waning by -6.8% against the previous year. In general, the export price, however, posted a mild expansion. The pace of growth appeared the most rapid in 2015 an increase of 31% against the previous year. As a result, the export price reached the peak level of $5,123 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($4,688 per ton), while the average price for exports to Belize ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+252.4%).
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala
Imports of fresh or chilled boneless cuts of bovine meat into Guatemala contracted to 4.4K tons in 2022, almost unchanged from the previous year's figure. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 13%.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded significantly to $29M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 20.2 | 13.0 | 14.8 | 17.4 | -4.9% |
| United States | 6.8 | 7.0 | 10.8 | 11.6 | 19.5% |
| Panama | 1.5 | 0.3 | 0.1 | N/A | -74.2% |
| Others | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
| Total | 28.9 | 20.7 | 26.0 | 29.2 | 0.3% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Guatemala in 2022:
- Nicaragua (3.2K tons)
- United States (1.2K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala
In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Guatemala declined markedly to 19 kg, reducing by -45.7% on the previous year. In general, exports recorded a precipitous slump.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted remarkably to $85 in 2022. Overall, exports faced a precipitous curtailment.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Guatemala (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Dominican Republic | N/A | 75.0 | 0% | ||
| El Salvador | 168 | 9.0 | -94.6% | ||
| Belize | N/A | 1.0 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 168 | 85.0 | -49.4% | ||
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Guatemala in 2022:
- Dominican Republic (16.0 kg)
- El Salvador (2.0 kg)
- Belize (1.0 kg)
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