Price for Meat of Bovine Animals; Frozen in Chile - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Chile (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Chile (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Chile
- Exports of Meat of Bovine Animals; Frozen in Chile
Price for Meat of Bovine Animals; Frozen in Chile (CIF) - 2023
In July 2023, the average import price for meat of bovine animals; frozen amounted to $4,617 per ton, with a decrease of -9.8% against the previous month. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 7.2% m-o-m. The import price peaked at $5,230 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($9,095 per ton), while the price for Paraguay ($4,227 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Paraguay (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Bovine Animals; Frozen in Chile (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $4,033 per ton, dropping by -9.8% against the previous month. Overall, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 7% m-o-m. Over the period under review, the average export prices attained the maximum at $5,452 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($5,454 per ton), while the average price for exports to Cuba ($3,313 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Bovine Animals; Frozen in Chile
Meat of bovine animals; frozen imports into Chile reduced remarkably to 39K tons in 2022, which is down by -15.9% on the previous year. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of 46K tons, and then shrank rapidly in the following year.
In value terms, meat of bovine animals; frozen imports shrank to $184M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $208M, and then declined in the following year.
| Import of Meat of Bovine Animals; Frozen in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 74.6 | 61.4 | 96.2 | 86.1 | 4.9% |
| Paraguay | 27.3 | 43.5 | 75.8 | 67.9 | 35.5% |
| United States | 26.4 | 9.3 | 30.6 | 27.4 | 1.2% |
| Others | 1.2 | 2.9 | 4.9 | 2.8 | 32.6% |
| Total | 130 | 117 | 208 | 184 | 12.3% |
Top Suppliers of Meat of Bovine Animals; Frozen to Chile in 2022:
- Paraguay (17.8K tons)
- Brazil (17.6K tons)
- United States (3.0K tons)
Exports of Meat of Bovine Animals; Frozen in Chile
In 2022, approx. 24K tons of meat of bovine animals; frozen were exported from Chile; picking up by 39% against the year before. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports surged to $123M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 62.1 | 78.4 | 65.3 | 107 | 19.9% |
| Canada | 5.2 | 6.3 | 3.6 | 7.8 | 14.5% |
| Cuba | 3.3 | 1.3 | 0.4 | 2.6 | -7.6% |
| South Korea | 1.7 | 1.6 | 1.4 | 2.5 | 13.7% |
| Colombia | 0.6 | 1.1 | 1.4 | 2.3 | 56.5% |
| Others | 1.3 | 1.2 | 2.5 | 1.3 | 0.0% |
| Total | 74.1 | 89.9 | 74.7 | 123 | 18.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Chile in 2022:
- China (20.9K tons)
- Canada (1.4K tons)
- Cuba (0.6K tons)
- South Korea (0.5K tons)
- Colombia (0.4K tons)
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