Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (CIF) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $2,395 per ton in March 2022, growing by 15% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.7%. The import price peaked at $2,515 per ton in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($3,840 per ton), while the price for Spain ($1,921 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia
After three years of growth, purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -4.4% to 34K tons in 2022. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports reached the peak of 35K tons, and then shrank in the following year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted slightly to $78M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of $79M, and then shrank in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 41.0 | 39.4 | 63.0 | 60.4 | 13.8% |
| United States | 5.3 | 3.7 | 6.6 | 10.8 | 26.8% |
| New Zealand | 5.0 | 7.2 | 7.3 | 6.3 | 8.0% |
| Spain | 1.5 | 1.3 | 2.4 | 0.9 | -15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.9 | 51.5 | 79.3 | 78.4 | 14.0% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Indonesia in 2022:
- Australia (28.5K tons)
- New Zealand (3.1K tons)
- United States (2.0K tons)
- Spain (0.4K tons)
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