Price for Meat of Bovine Animals; Fresh or Chilled in Mexico - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Mexico (FOB) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in Mexico (CIF) - 2023
- Exports of Meat of Bovine Animals; Fresh or Chilled in Mexico
- Imports of Meat of Bovine Animals; Fresh or Chilled in Mexico
Price for Meat of Bovine Animals; Fresh or Chilled in Mexico (FOB) - 2023
The average export price for meat of bovine animals; fresh or chilled stood at $8,372 per ton in December 2023, picking up by 3.6% against the previous month. Over the period under review, the export price continues to indicate a modest increase. The pace of growth appeared the most rapid in March 2023 an increase of 9.8% against the previous month. The export price peaked at $8,558 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +1.4% per month.
Price for Meat of Bovine Animals; Fresh or Chilled in Mexico (CIF) - 2023
The average import price for meat of bovine animals; fresh or chilled stood at $39,173 per ton in December 2023, shrinking by -4.8% against the previous month. In general, the import price, however, showed a resilient increase. The growth pace was the most rapid in January 2023 when the average import price increased by 499% m-o-m. Over the period under review, average import prices attained the maximum at $47,896 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +2.6% per month.
Exports of Meat of Bovine Animals; Fresh or Chilled in Mexico
In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -3.5% to 222K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 5.8%.
In value terms, exports of meat of bovine animals; fresh or chilled dropped slightly to $1.8B in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of $1.8B, and then declined slightly in the following year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,159 | 1,287 | 1,723 | 1,681 | 13.2% |
| Canada | 31.4 | 38.2 | 60.6 | 67.0 | 28.7% |
| Japan | N/A | 23.8 | 46.1 | 46.0 | 39.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,191 | 1,349 | 1,830 | 1,794 | 14.6% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Mexico in 2022:
- United States (207.6K tons)
- Canada (8.3K tons)
- Japan (6.3K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Mexico
In 2022, approx. 84K tons of meat of bovine animals; fresh or chilled were imported into Mexico; with an increase of 11% compared with 2021 figures. Overall, imports, however, continue to indicate a noticeable curtailment.
In value terms, imports of meat of bovine animals; fresh or chilled contracted to $740M in 2022. In general, imports, however, saw a slight contraction. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of $803M, and then shrank in the following year.
| Import of Meat of Bovine Animals; Fresh or Chilled in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 680 | 535 | 671 | 601 | -4.0% |
| Canada | 89.3 | 70.8 | 131 | 138 | 15.6% |
| Others | 3.7 | 1.0 | 1.2 | 1.3 | -29.4% |
| Total | 773 | 607 | 803 | 740 | -1.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Mexico in 2022:
- United States (71.6K tons)
- Canada (12.3K tons)
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