Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Ecuador - 2022

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Ecuador (CIF) - 2022
2. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Ecuador

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Ecuador (CIF) - 2022

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $10,327 per ton in 2022, remaining constant against the previous year. In general, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 when the average import price increased by 148%. The import price peaked at $22,143 per ton in 2014; however, from 2015 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +16.1% per year.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Ecuador

For the fourth year in a row, Ecuador recorded growth in purchases abroad of frozen carcasses and half-carcasses of bovine meat, which increased by 0.5% to 26 tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 206%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat totaled $264K in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 192% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Ecuador in 2022:

1. United States (16.9 tons)

Source: IndexBox Market Intelligence Platform