Price for Meat of Bovine Animals; Fresh or Chilled in Colombia - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Colombia (FOB) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Colombia (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in Colombia
- Imports of Meat of Bovine Animals; Fresh or Chilled in Colombia
Price for Meat of Bovine Animals; Fresh or Chilled in Colombia (FOB) - 2022
In February 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $5,494 per ton, flattening at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in August 2021 an increase of 5.5% m-o-m. The export price peaked at $5,811 per ton in September 2021; however, from October 2021 to February 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In February 2022, the highest price was recorded for prices to Curacao ($6,037 per ton) and Chile ($5,597 per ton), while the average price for exports to Saudi Arabia ($5,071 per ton) and Lebanon ($5,214 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Colombia (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $11,166 per ton in February 2022, falling by -46.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 61% against the previous month. As a result, import price reached the peak level of $20,925 per ton, and then shrank significantly in the following month.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was Uruguay ($15,038 per ton), while the price for the United States stood at $11,086 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Fresh or Chilled in Colombia
In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -40.1% to 12K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 138%.
In value terms, exports of meat of bovine animals; fresh or chilled shrank dramatically to $65M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139%.
| Export of Meat of Bovine Animals; Fresh or Chilled in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | 1.7 | 49.4 | 30.6 | 324.3% |
| Lebanon | 8.0 | 17.5 | 22.2 | 23.4 | 43.0% |
| United Arab Emirates | 2.0 | 6.9 | 6.7 | 4.0 | 26.0% |
| Saudi Arabia | N/A | 4.5 | 6.6 | 2.9 | -19.7% |
| Jordan | 9.0 | 15.1 | 12.6 | 2.6 | -33.9% |
| Curacao | N/A | N/A | N/A | 1.0 | 0% |
| Russia | 0.9 | 1.7 | 2.0 | N/A | 49.1% |
| Others | N/A | 0.1 | 1.1 | 0.2 | 41.4% |
| Total | 19.9 | 47.6 | 101 | 64.7 | 48.1% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Colombia in 2022:
- Chile (5.6K tons)
- Lebanon (4.1K tons)
- United Arab Emirates (0.7K tons)
- Saudi Arabia (0.6K tons)
- Jordan (0.5K tons)
- Curacao (0.2K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Colombia
In 2022, the amount of meat of bovine animals; fresh or chilled imported into Colombia rose remarkably to 735 tons, increasing by 8.4% compared with the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled soared to $8.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +70.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Meat of Bovine Animals; Fresh or Chilled in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.8 | 4.3 | 5.5 | 7.6 | 26.0% |
| Argentina | 0.8 | 0.5 | 0.1 | 0.6 | -9.1% |
| Uruguay | 0.3 | 0.1 | 0.6 | 0.3 | 0.0% |
| Paraguay | 0.5 | 0.2 | 0.5 | 0.3 | -15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.5 | 5.2 | 6.8 | 8.8 | 17.0% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Colombia in 2022:
- United States (634.6 tons)
- Argentina (40.6 tons)
- Paraguay (38.1 tons)
- Uruguay (20.4 tons)
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