Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil - 2024
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil (FOB) - 2022
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil (FOB) - 2022
The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $8,637 per ton in 2022, jumping by 84% against the previous year. Overall, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($11,398 per ton), while the average price for exports to Greece ($6,557 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+125.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil
After three years of growth, overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -55.9% to 681 kg in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 112% against the previous year.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat contracted significantly to $5.9K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 109%.
Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Brazil (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Liberia | 1.0 | 1.0 | N/A | 2,690 | 1290.8% |
Hong Kong SAR | 1.0 | 1.0 | 1.0 | 1,216 | 967.4% |
Greece | 1.0 | 1.0 | 6.0 | 459 | 671.4% |
Panama | 1.0 | 2.0 | 1.0 | 454 | 668.6% |
Marshall Islands | 1.0 | 1.0 | 1.0 | 309 | 576.1% |
Singapore | 1.0 | N/A | N/A | 303 | 571.7% |
Japan | 1.0 | 1.0 | 1.0 | 251 | 530.8% |
Jordan | 95.0 | 53.0 | 258 | N/A | 64.8% |
Yemen | 336 | 881 | 1,673 | N/A | 123.1% |
Saudi Arabia | 1,391 | 2,841 | 4,202 | N/A | 73.8% |
Others | 105 | 257 | 1,093 | 200 | 24.0% |
Total | 1,934 | 4,039 | 7,236 | 5,882 | 44.9% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Brazil in 2022:
- Liberia (236.0 kg)
- Hong Kong SAR (168.0 kg)
- Greece (70.0 kg)
- Panama (48.0 kg)
- Marshall Islands (45.0 kg)
- Singapore (43.0 kg)
- Japan (27.0 kg)
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In December 2022, the beef price stood at $4,950 per ton (FOB, Brazil), with a decrease of -6% against the previous month.
The exports of Meat And Poultry reached a peak of 740K tons but decreased significantly in the following month. In terms of value, meat and poultry exports notably declined to $613M in January 2024.
During the review period, Meat exports reached record highs in 2023 and are projected to experience consistent growth in the coming years. The value of Meat exports decreased to $12.2B in 2023.
In December 2022, the meat price amounted to $4,057 per ton (FOB, Brazil), falling by -6.5% against the previous month.
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