Price for Meat of Bovine Animals; Frozen in Ecuador - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Ecuador (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Ecuador (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Ecuador
- Exports of Meat of Bovine Animals; Frozen in Ecuador
Price for Meat of Bovine Animals; Frozen in Ecuador (CIF) - 2022
In January 2022, the average import price for meat of bovine animals; frozen amounted to $12,677 per ton, rising by 2.3% against the previous month. Over the period under review, import price indicated a mild expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, meat of bovine animals; frozen import price increased by +19.0% against November 2021 indices. The growth pace was the most rapid in March 2021 when the average import price increased by 63% m-o-m. Over the period under review, average import prices hit record highs in January 2022.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the country with the highest price was Uruguay ($14,043 per ton), while the price for the United States amounted to $11,033 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.9%).
Price for Meat of Bovine Animals; Frozen in Ecuador (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $9,810 per ton in 2021, growing by 5.5% against the previous year. Over the period under review, the export price saw a pronounced expansion. The growth pace was the most rapid in 2019 when the average export price increased by 8%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.
From 2012 to 2021, the rate of growth in terms of prices for Slovenia amounted to +3.2% per year.
Imports of Meat of Bovine Animals; Frozen in Ecuador
After three years of growth, overseas purchases of meat of bovine animals; frozen decreased by -25.2% to 1.2K tons in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. As a result, imports attained the peak of 1.6K tons, and then plummeted in the following year.
In value terms, meat of bovine animals; frozen imports reduced notably to $4.6M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 120%. As a result, imports reached the peak of $6.4M, and then shrank sharply in the following year.
| Import of Meat of Bovine Animals; Frozen in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 1.5 | 3.8 | 2.6 | 29.4% |
| Uruguay | 0.8 | 1.4 | 2.5 | 2.0 | 35.7% |
| Argentina | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 2.9 | 6.4 | 4.6 | 32.0% |
Top Suppliers of Meat of Bovine Animals; Frozen to Ecuador in 2022:
- United States (618.4 tons)
- Uruguay (573.9 tons)
- Argentina (25.4 tons)
Exports of Meat of Bovine Animals; Frozen in Ecuador
In 2021, after two years of growth, there was significant decline in shipments abroad of meat of bovine animals; frozen, when their volume decreased by -33% to 1.9 tons. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 306%. As a result, the exports reached the peak of 2.9 tons, and then reduced sharply in the following year.
In value terms, meat of bovine animals; frozen exports reduced sharply to $19K in 2021. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 319%. As a result, the exports attained the peak of $27K, and then reduced rapidly in the following year.
| Export of Meat of Bovine Animals; Frozen in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Trinidad and Tobago | N/A | N/A | 19.0 | 0% | |
| Slovenia | 6.4 | 26.9 | N/A | 320.3% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.4 | 26.9 | 19.0 | 72.3% | |
Top Export Markets for Meat of Bovine Animals; Frozen from Ecuador in 2022:
- Trinidad and Tobago (1.9 tons)
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