Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Chile - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (CIF) - 2023
In December 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $4,735 per ton, reducing by -19.6% against the previous month. Overall, the import price recorded a mild reduction. The most prominent rate of growth was recorded in May 2023 an increase of 3.1% month-to-month. The import price peaked at $6,146 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Uruguay ($8,194 per ton), while the price for Brazil ($2,922 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Paraguay (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $23,202 per ton, standing approx. at the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled boneless cuts of bovine meat increased by +83.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $23,270 per ton in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($66,139 per ton), while the average price for exports to Italy ($2,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Chile shrank sharply to 222K tons, with a decrease of -20.2% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 278K tons, and then shrank notably in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat fell to $1.3B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +36.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of $1.5B, and then shrank in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 352 | 416 | 657 | 676 | 24.3% |
| Brazil | 378 | 331 | 484 | 326 | -4.8% |
| Argentina | 179 | 188 | 232 | 186 | 1.3% |
| Uruguay | 14.4 | 9.5 | 39.5 | 47.5 | 48.9% |
| Colombia | N/A | 1.1 | 49.6 | 31.3 | 433.4% |
| Others | 30.4 | 31.0 | 46.2 | 29.4 | -1.1% |
| Total | 953 | 976 | 1,509 | 1,296 | 10.8% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Chile in 2022:
- Paraguay (125.5K tons)
- Brazil (59.2K tons)
- Argentina (23.3K tons)
- Uruguay (6.1K tons)
- Colombia (5.6K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile
Exports of fresh or chilled boneless cuts of bovine meat from Chile soared to 225 tons in 2022, increasing by 33% on 2021 figures. In general, exports, however, showed a perceptible descent.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $5.2M in 2022. Overall, exports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3,007 | 1,343 | 2,217 | 3,643 | 6.6% |
| Netherlands | N/A | 88.1 | 545 | 524 | 143.9% |
| United Kingdom | 806 | 473 | 448 | 389 | -21.6% |
| Switzerland | 120 | 189 | 322 | 286 | 33.6% |
| Germany | 1,075 | 229 | 259 | 242 | -39.2% |
| Italy | N/A | N/A | N/A | 29.5 | 0% |
| United States | 127 | 148 | 91.6 | 8.9 | -58.8% |
| Paraguay | N/A | 130 | N/A | N/A | 0% |
| Others | 339 | 137 | 49.4 | 102 | -33.0% |
| Total | 5,473 | 2,738 | 3,933 | 5,224 | -1.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Chile in 2022:
- Spain (155.9 tons)
- Netherlands (19.6 tons)
- United Kingdom (16.1 tons)
- Germany (13.4 tons)
- Italy (10.3 tons)
- Switzerland (4.3 tons)
- United States (0.5 tons)
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