Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia - 2024
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (CIF) - 2024
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (CIF) - 2024
In January 2024, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $15,842 per ton, with an increase of 8.5% against the previous month. In general, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in March 2023 when the average import price increased by 60% against the previous month. Over the period under review, average import prices reached the maximum at $22,311 per ton in September 2023; however, from October 2023 to January 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -2.1% per month.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,724 per ton, flattening at the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 a decrease of -20.2%. Over the period under review, the average export prices attained the maximum at $4,894 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($4,177 per ton), while the average price for exports to Libya ($3,619 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 Saudi Arabia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia
Imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Colombia surged to 142 tons in 2022, with an increase of 117% against 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $2.2M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.5 | 1.4 | 2.8 | 2.2 | 13.6% |
| Canada | N/A | N/A | 0.3 | N/A | 0% |
| Paraguay | 0.1 | N/A | N/A | N/A | 0% |
| Others | -0.5 | -0.7 | -2.0 | N/A | 100.0% |
| Total | 1.1 | 0.7 | 1.1 | 2.2 | 26.0% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Colombia in 2022:
- United States (141.7 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Colombia was estimated at 313 tons, remaining constant against 2021 figures. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat totaled $1.2M in 2022. In general, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | N/A | N/A | N/A | 897 | 0% |
| Turkey | N/A | N/A | N/A | 197 | 0% |
| Curacao | N/A | N/A | N/A | 69.8 | 0% |
| Peru | 59.4 | 2.0 | 23.5 | N/A | -37.1% |
| Lebanon | N/A | N/A | 484 | N/A | 0% |
| Saudi Arabia | N/A | 36.8 | 428 | N/A | 1063.0% |
| Others | -59.4 | 17.9 | -935.2 | N/A | 296.8% |
| Total | N/A | 56.7 | N/A | 1,164 | 353.1% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Colombia in 2022:
- Libya (247.8 tons)
- Turkey (48.0 tons)
- Curacao (16.7 tons)
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