Price for Meat of Bovine Animals; Frozen in Colombia - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Colombia (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Colombia (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Colombia
- Imports of Meat of Bovine Animals; Frozen in Colombia
Price for Meat of Bovine Animals; Frozen in Colombia (FOB) - 2022
In February 2022, the average export price for meat of bovine animals; frozen amounted to $3,960 per ton, almost unchanged from the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 9.6% m-o-m. The export price peaked at $4,217 per ton in July 2021; however, from August 2021 to February 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In February 2022, the highest price was recorded for prices to Curacao ($4,828 per ton) and Turkey ($4,751 per ton), while the average price for exports to Egypt ($3,633 per ton) and Libya ($3,762 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 (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Colombia (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $6,462 per ton in February 2022, shrinking by -9.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.4%. The pace of growth appeared the most rapid in September 2021 when the average import price increased by 22% m-o-m. The import price peaked at $7,113 per ton in January 2022, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Uruguay ($9,779 per ton), while the price for Chile ($5,148 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Colombia
In 2022, overseas shipments of meat of bovine animals; frozen decreased by -18.7% to 27K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of 33K tons, and then fell sharply in the following year.
In value terms, meat of bovine animals; frozen exports shrank rapidly to $97M in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. As a result, the exports reached the peak of $128M, and then reduced markedly in the following year.
| Export of Meat of Bovine Animals; Frozen in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 20.7 | 26.8 | 59.6 | 45.9 | 30.4% |
| Egypt | 9.3 | 9.2 | 31.6 | 24.4 | 37.9% |
| Libya | 1.6 | 4.5 | 12.7 | 9.8 | 83.0% |
| Hong Kong SAR | 1.9 | 8.5 | 10.5 | 8.1 | 62.1% |
| Lebanon | 2.9 | 9.2 | 3.6 | 4.0 | 11.3% |
| Vietnam | 6.9 | 1.4 | 0.4 | 2.2 | -31.7% |
| Jordan | 0.3 | 0.9 | 2.3 | 1.8 | 81.7% |
| Saudi Arabia | N/A | 2.7 | 4.7 | N/A | 74.1% |
| Others | 0.1 | 1.6 | 2.8 | 0.5 | 71.0% |
| Total | 43.6 | 64.9 | 128 | 96.7 | 30.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Colombia in 2022:
- Russia (11.9K tons)
- Egypt (7.1K tons)
- Libya (2.6K tons)
- Hong Kong SAR (2.0K tons)
- Lebanon (1.3K tons)
- Vietnam (0.8K tons)
- Jordan (0.7K tons)
Imports of Meat of Bovine Animals; Frozen in Colombia
Meat of bovine animals; frozen imports into Colombia declined to 4.3K tons in 2022, with a decrease of -13.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 5K tons, and then contracted in the following year.
In value terms, meat of bovine animals; frozen imports fell to $23M in 2022. The total import value increased at an average annual rate of +1.4% 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 when imports increased by 40% against the previous year. As a result, imports attained the peak of $27M, and then contracted in the following year.
| Import of Meat of Bovine Animals; Frozen in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.3 | 13.2 | 21.8 | 18.2 | -1.9% |
| Argentina | 2.2 | 5.0 | 2.3 | 2.6 | 5.7% |
| Chile | 0.6 | 1.0 | 1.5 | 1.3 | 29.4% |
| Paraguay | 0.1 | 0.2 | 1.0 | 0.9 | 108.0% |
| Others | 0.2 | 0.1 | 0.5 | 0.5 | 35.7% |
| Total | 22.4 | 19.5 | 27.2 | 23.3 | 1.3% |
Top Suppliers of Meat of Bovine Animals; Frozen to Colombia in 2022:
- United States (3254.5 tons)
- Argentina (533.5 tons)
- Chile (285.5 tons)
- Paraguay (172.3 tons)
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