Price for Meat of Bovine Animals; Frozen in Singapore - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Singapore (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Singapore (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Singapore
- Exports of Meat of Bovine Animals; Frozen in Singapore
Price for Meat of Bovine Animals; Frozen in Singapore (CIF) - 2022
In September 2022, the average import price for meat of bovine animals; frozen amounted to $8,624 per ton, shrinking by -5.4% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.7%. The pace of growth was the most pronounced in February 2022 when the average import price increased by 12% month-to-month. The import price peaked at $9,193 per ton in July 2022; however, from August 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($21,546 per ton), while the price for Paraguay ($2,700 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Singapore (FOB) - 2022
In September 2022, the average export price for meat of bovine animals; frozen amounted to $5,279 per ton, rising by 61% against the previous month. In general, the export price, however, showed a slight contraction. Over the period under review, the average export prices reached the maximum at $6,095 per ton in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($7,062 per ton), while the average price for exports to Thailand ($1,403 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Meat of Bovine Animals; Frozen in Singapore
In 2022, purchases abroad of meat of bovine animals; frozen decreased by -6.4% to 31K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, imports attained the peak of 33K tons, and then fell in the following year.
In value terms, meat of bovine animals; frozen imports contracted to $156M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $178M, and then declined in the following year.
| Import of Meat of Bovine Animals; Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 73.6 | 81.3 | 111 | 97.6 | 9.9% |
| United States | 19.8 | 21.6 | 28.3 | 24.9 | 7.9% |
| Australia | 9.8 | 15.6 | 16.5 | 14.6 | 14.2% |
| New Zealand | 4.3 | 4.5 | 6.1 | 5.3 | 7.2% |
| India | 0.2 | 0.2 | 2.4 | 2.1 | 119.0% |
| Argentina | 2.8 | 1.0 | 0.8 | 1.3 | -22.6% |
| Others | 4.8 | 8.8 | 13.4 | 9.9 | 27.3% |
| Total | 115 | 133 | 178 | 156 | 10.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Singapore in 2022:
- Brazil (22.3K tons)
- United States (2.9K tons)
- Australia (2.7K tons)
- New Zealand (0.9K tons)
- Argentina (0.8K tons)
- India (0.7K tons)
Exports of Meat of Bovine Animals; Frozen in Singapore
In 2022, approx. 8K tons of meat of bovine animals; frozen were exported from Singapore; increasing by 3.2% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern.
In value terms, meat of bovine animals; frozen exports reduced to $29M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +34.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of $33M, and then declined in the following year.
| Export of Meat of Bovine Animals; Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 11.6 | 11.7 | 15.5 | 12.1 | 1.4% |
| Australia | N/A | 3.2 | 7.8 | 6.1 | 38.1% |
| Malaysia | 7.9 | 7.1 | 1.5 | 4.2 | -19.0% |
| Brazil | 0.2 | 0.7 | 5.1 | 3.9 | 169.2% |
| Others | 1.9 | 2.0 | 3.6 | 2.8 | 13.8% |
| Total | 21.6 | 24.7 | 33.5 | 29.1 | 10.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Singapore in 2022:
- Indonesia (3.2K tons)
- Malaysia (2.5K tons)
- Australia (1.1K tons)
- Brazil (0.9K tons)
1530
This report provides an in-depth analysis of the beef market in Singapore.
503
This report provides an in-depth analysis of the beef market in Singapore.
4511
This report provides an in-depth analysis of the global beef market.
1035
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
298
This report provides an in-depth analysis of the frozen beef carcase market in Singapore.
589
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
707
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
877
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1912
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1392
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
4155
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1855
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2058
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1207
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1306
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
