Price for Frozen Boneless Cuts of Bovine Meat in Bolivia - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Bolivia (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Bolivia (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Bolivia
- Imports of Frozen Boneless Cuts of Bovine Meat in Bolivia
Price for Frozen Boneless Cuts of Bovine Meat in Bolivia (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $4,629 per ton in November 2023, rising by 3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 7.9% m-o-m. The export price peaked at $5,544 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was China ($4,607 per ton), while the average price for exports to Hong Kong SAR stood at $4,471 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.3%).
Price for Frozen Boneless Cuts of Bovine Meat in Bolivia (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $6,638 per ton in 2022, increasing by 81% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2014 to 2022, the rate of growth in terms of prices for Brazil amounted to +9.6% per year.
Exports of Frozen Boneless Cuts of Bovine Meat in Bolivia
For the fourth year in a row, Bolivia recorded growth in overseas shipments of frozen boneless cuts of bovine meat, which increased by 16% to 19K tons in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 466%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $120M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 381% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 58.6 | 84.7 | 104 | 113.4% |
| Hong Kong SAR | N/A | 0.1 | N/A | 11.9 | 990.9% |
| Russia | N/A | N/A | 1.2 | 2.5 | 108.3% |
| Peru | 1.5 | 0.8 | 1.2 | 1.2 | -7.2% |
| Others | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Total | 12.4 | 59.8 | 87.1 | 120 | 113.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Bolivia in 2022:
- China (15.9K tons)
- Hong Kong SAR (2.0K tons)
- Russia (0.5K tons)
- Peru (0.2K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Bolivia
In 2022, approx. 38 tons of frozen boneless cuts of bovine meat were imported into Bolivia; reducing by -68.4% compared with the year before. Overall, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 396% against the previous year.
In value terms, imports of frozen boneless cuts of bovine meat contracted markedly to $250K in 2022. Over the period under review, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 539% against the previous year.
| Import of Frozen Boneless Cuts of Bovine Meat in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 602 | 68.4 | 437 | 250 | -25.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 602 | 68.4 | 437 | 250 | -25.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Bolivia in 2022:
- Brazil (37.6 tons)
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