Price for Frozen Boneless Cuts of Bovine Meat in Indonesia - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Indonesia (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Indonesia (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Indonesia
- Exports of Frozen Boneless Cuts of Bovine Meat in Indonesia
Price for Frozen Boneless Cuts of Bovine Meat in Indonesia (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $3,224 per ton in March 2022, declining by -5.6% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 6.7% against the previous month. Over the period under review, average import prices attained the maximum at $4,402 per ton in December 2021; however, from January 2022 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,083 per ton), while the price for India ($2,921 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 the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Indonesia (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $24,259 per ton in 2022, picking up by 861% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for Central African Republic amounted to +24.0% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Indonesia
Imports of frozen boneless cuts of bovine meat into Indonesia rose sharply to 188K tons in 2022, with an increase of 9.8% against the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat expanded significantly to $735M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 310 | 264 | 288 | 322 | 1.3% |
| Australia | 198 | 156 | 181 | 190 | -1.4% |
| Brazil | 15.5 | 16.0 | 86.1 | 112 | 93.3% |
| United States | 51.1 | 50.4 | 67.9 | 85.5 | 18.7% |
| New Zealand | 18.0 | 12.2 | 27.8 | 20.3 | 4.1% |
| Others | 8.0 | 9.6 | 13.1 | 5.2 | -13.4% |
| Total | 600 | 508 | 665 | 735 | 7.0% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Indonesia in 2022:
- India (105.8K tons)
- Australia (45.9K tons)
- Brazil (20.1K tons)
- United States (11.6K tons)
- New Zealand (4.3K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Indonesia
In 2022, overseas shipments of frozen boneless cuts of bovine meat decreased by 99.9% to 27 kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 635% against the previous year. As a result, the exports attained the peak of 250 tons, and then shrank markedly in the following year.
In value terms, exports of frozen boneless cuts of bovine meat shrank dramatically to $655 in 2022. Over the period under review, exports recorded a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 568% against the previous year. As a result, the exports attained the peak of $630K, and then declined remarkably in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | N/A | N/A | 0.7 | 0% | |
| Senegal | N/A | 147 | N/A | 0% | |
| Malaysia | 68.4 | 379 | N/A | 454.1% | |
| Singapore | 21.8 | N/A | N/A | 0% | |
| Angola | N/A | 102 | N/A | 0% | |
| Others | 4.0 | 1.5 | N/A | -62.5% | |
| Total | 94.3 | 630 | 0.7 | -91.4% | |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Indonesia in 2022:
- New Zealand (27.0 kg)
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