Price for Meat of Bovine Animals; Fresh or Chilled in Indonesia - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Indonesia (CIF) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Indonesia
Price for Meat of Bovine Animals; Fresh or Chilled in Indonesia (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $15,013 per ton in March 2022, surging by 20% against the previous month. In general, import price indicated resilient growth from March 2021 to March 2022: its price increased at an average monthly rate of +5.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for meat of bovine animals; fresh or chilled increased by +29.8% against January 2022 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 35% month-to-month. The import price peaked at $15,356 per ton in November 2021; however, from December 2021 to March 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($24,243 per ton), while the price for Australia totaled $14,230 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.2%).
Imports of Meat of Bovine Animals; Fresh or Chilled in Indonesia
Imports of meat of bovine animals; fresh or chilled into Indonesia declined dramatically to 3.3K tons in 2022, waning by -22.1% against 2021 figures. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 16%.
In value terms, imports of meat of bovine animals; fresh or chilled soared to $48M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +72.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Fresh or Chilled in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 34.7 | 25.5 | 39.6 | 45.1 | 9.1% |
| United States | 0.2 | 0.2 | 0.3 | 2.2 | 122.4% |
| Singapore | 1.4 | 1.2 | 0.5 | N/A | -40.2% |
| Others | 0.8 | 0.8 | 0.7 | 0.6 | -9.1% |
| Total | 37.1 | 27.7 | 41.0 | 47.9 | 8.9% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Indonesia in 2022:
- Australia (3.2K tons)
- United States (0.1K tons)
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