Price for Meat of Bovine Animals; Frozen in Argentina - 2023

Contents:

1. Price for Meat of Bovine Animals; Frozen in Argentina (FOB) - 2022
2. Price for Meat of Bovine Animals; Frozen in Argentina (CIF) - 2022
3. Exports of Meat of Bovine Animals; Frozen in Argentina
4. Imports of Meat of Bovine Animals; Frozen in Argentina

Price for Meat of Bovine Animals; Frozen in Argentina (FOB) - 2022

In 2022, the average export price for meat of bovine animals; frozen amounted to $5,908 per ton, growing by 41% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $6,391 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($10,021 per ton), while the average price for exports to Russia ($4,361 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 the United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Meat of Bovine Animals; Frozen in Argentina (CIF) - 2022

In 2022, the average import price for meat of bovine animals; frozen amounted to $4,533 per ton, jumping by 24% against the previous year. In general, the import price showed a temperate increase. Over the period under review, average import prices reached the peak figure at $14,330 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($4,653 per ton), while the price for Brazil amounted to $4,529 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Meat of Bovine Animals; Frozen in Argentina

In 2022, the amount of meat of bovine animals; frozen exported from Argentina amounted to 473K tons, remaining relatively unchanged against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of 528K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat of bovine animals; frozen exports soared to $2.8B in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Meat of Bovine Animals; Frozen from Argentina in 2022:

1. China (416.7K tons)
2. Israel (22.0K tons)
3. United States (13.8K tons)
4. Russia (10.1K tons)

Imports of Meat of Bovine Animals; Frozen in Argentina

For the third year in a row, Argentina recorded decline in supplies from abroad of meat of bovine animals; frozen, which decreased by -35.1% to 3.3K tons in 2022. In general, imports recorded a sharp decrease. The smallest decline of -18.9% was in 2020.

In value terms, meat of bovine animals; frozen imports reduced rapidly to $15M in 2022. Overall, imports saw a significant contraction. The smallest decline of -4.4% was in 2020.

Top Suppliers of Meat of Bovine Animals; Frozen to Argentina in 2022:

1. Brazil (3.2K tons)
2. Paraguay (0.1K tons)

Source: IndexBox Market Intelligence Platform