Price for Meat of Bovine Animals; Fresh or Chilled in Brazil - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Brazil (FOB) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in Brazil (CIF) - 2024
- Exports of Meat of Bovine Animals; Fresh or Chilled in Brazil
- Imports of Meat of Bovine Animals; Fresh or Chilled in Brazil
Price for Meat of Bovine Animals; Fresh or Chilled in Brazil (FOB) - 2024
The average export price for meat of bovine animals; fresh or chilled stood at $5,248 per ton in February 2024, which is down by -3.1% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 6% month-to-month. Over the period under review, the average export prices reached the peak figure at $5,850 per ton in May 2023; however, from June 2023 to February 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($9,819 per ton), while the average price for exports to Paraguay ($3,274 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Brazil (CIF) - 2024
The average import price for meat of bovine animals; fresh or chilled stood at $6,777 per ton in February 2024, which is down by -10.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 25% m-o-m. The import price peaked at $7,609 per ton in January 2024, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($12,011 per ton), while the price for Paraguay ($6,161 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Uruguay (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Fresh or Chilled in Brazil
In 2022, approx. 142K tons of meat of bovine animals; fresh or chilled were exported from Brazil; waning by -25.2% on 2021. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 6.4%.
In value terms, exports of meat of bovine animals; fresh or chilled shrank markedly to $868M in 2022. In general, exports recorded a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $1.1B, and then shrank remarkably in the following year.
Export of Meat of Bovine Animals; Fresh or Chilled in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 351 | 308 | 461 | 294 | -5.7% |
Uruguay | 91.6 | 91.3 | 95.9 | 104 | 4.3% |
Netherlands | 58.8 | 62.0 | 96.2 | 89.9 | 15.2% |
Saudi Arabia | 45.1 | 55.7 | 61.4 | 67.4 | 14.3% |
United Arab Emirates | 47.6 | 49.7 | 53.5 | 64.6 | 10.7% |
Israel | 6.3 | 15.2 | 46.6 | 53.3 | 103.8% |
Jordan | 43.9 | 32.5 | 41.4 | 26.0 | -16.0% |
Lebanon | 64.3 | 29.8 | 16.5 | 20.8 | -31.4% |
Saint Lucia | 45.1 | 55.7 | 61.4 | N/A | 16.7% |
Algeria | 51.4 | 34.6 | N/A | N/A | -32.7% |
Others | 133 | 89.2 | 124 | 149 | 3.9% |
Total | 938 | 824 | 1,057 | 868 | -2.6% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Brazil in 2022:
- Chile (56.7K tons)
- Uruguay (21.0K tons)
- Saudi Arabia (12.6K tons)
- United Arab Emirates (11.1K tons)
- Netherlands (7.9K tons)
- Israel (7.8K tons)
- Jordan (5.0K tons)
- Lebanon (3.6K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Brazil
For the fourth year in a row, Brazil recorded growth in overseas purchases of meat of bovine animals; fresh or chilled, which increased by 23% to 29K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +63.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled soared to $186M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +82.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Meat of Bovine Animals; Fresh or Chilled in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Paraguay | 59.7 | 73.0 | 103 | 152 | 36.5% |
Argentina | 22.3 | 14.8 | 15.0 | 17.9 | -7.1% |
Uruguay | 26.4 | 14.3 | 15.1 | 15.8 | -15.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 108 | 102 | 133 | 186 | 19.9% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Brazil in 2022:
- Paraguay (26.2K tons)
- Argentina (1.5K tons)
- Uruguay (1.5K tons)
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