Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (FOB) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $5,494 per ton in February 2022, remaining relatively unchanged against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in August 2021 when the average export price increased by 5.5% against the previous month. The export price peaked at $5,811 per ton in September 2021; however, from October 2021 to February 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In February 2022, the countries with the highest prices were Curacao ($6,037 per ton) and Chile ($5,597 per ton), while the average price for exports to Saudi Arabia ($5,071 per ton) and Lebanon ($5,214 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $11,136 per ton in February 2022, with a decrease of -19.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 46% against the previous month. The import price peaked at $15,870 per ton in October 2021; however, from November 2021 to February 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was Uruguay ($15,038 per ton), while the price for the United States stood at $11,055 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia
After three years of growth, shipments abroad of fresh or chilled boneless cuts of bovine meat decreased by -40.1% to 12K tons in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 142% against the previous year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted sharply to $65M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | 1.7 | 49.4 | 30.6 | 324.3% |
| Lebanon | 8.0 | 17.6 | 22.2 | 23.4 | 43.0% |
| United Arab Emirates | 2.0 | 6.8 | 6.7 | 4.0 | 26.0% |
| Saudi Arabia | N/A | 4.5 | 6.6 | 2.9 | -19.7% |
| Jordan | 9.0 | 15.2 | 12.6 | 2.6 | -33.9% |
| Curacao | N/A | N/A | N/A | 1.0 | 0% |
| Russia | 0.9 | 1.7 | 2.0 | N/A | 49.1% |
| Others | N/A | 0.1 | 1.1 | 0.2 | 41.4% |
| Total | 19.9 | 47.6 | 101 | 64.7 | 48.1% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Colombia in 2022:
- Chile (5.6K tons)
- Lebanon (4.1K tons)
- United Arab Emirates (0.7K tons)
- Saudi Arabia (0.6K tons)
- Jordan (0.5K tons)
- Curacao (0.2K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia
In 2022, approx. 680 tons of fresh or chilled boneless cuts of bovine meat were imported into Colombia; jumping by 16% compared with the previous year. The total import volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat surged to $8.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 4.3 | 5.4 | 6.9 | 25.4% |
| Argentina | 0.8 | 0.5 | 0.1 | 0.6 | -9.1% |
| Uruguay | 0.3 | 0.1 | 0.6 | 0.3 | 0.0% |
| Paraguay | 0.5 | 0.2 | 0.5 | 0.3 | -15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.0 | 5.2 | 6.7 | 8.2 | 17.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Colombia in 2022:
- United States (598.2 tons)
- Argentina (40.6 tons)
- Uruguay (20.4 tons)
- Paraguay (19.6 tons)
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