Price for Meat of Bovine Animals; Frozen in Myanmar - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Myanmar (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Myanmar (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Myanmar
- Exports of Meat of Bovine Animals; Frozen in Myanmar
Price for Meat of Bovine Animals; Frozen in Myanmar (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $2,802 per ton, shrinking by -2.3% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.6%. Over the period under review, average import prices attained the peak figure at $5,952 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($13,059 per ton), while the price for Nepal ($752 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Bovine Animals; Frozen in Myanmar (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,550 per ton, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $4,800 per ton in 2012; however, from 2013 to 2022, 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.5% per year.
Imports of Meat of Bovine Animals; Frozen in Myanmar
In 2022, supplies from abroad of meat of bovine animals; frozen was finally on the rise to reach 716 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a significant contraction.
In value terms, meat of bovine animals; frozen imports surged to $2M in 2022. Overall, imports, however, saw a precipitous descent.
| Import of Meat of Bovine Animals; Frozen in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,121 | 1,589 | 55.8 | 857 | -35.0% |
| Australia | 848 | 761 | 46.3 | 311 | -28.4% |
| Hong Kong SAR | 566 | 515 | 132 | 236 | -25.3% |
| Brazil | 205 | 246 | 81.5 | 188 | -2.8% |
| Nepal | 294 | 42.9 | 71.7 | 138 | -22.3% |
| Spain | 156 | 149 | 40.3 | 77.8 | -20.7% |
| Others | 607 | 199 | 85.5 | 200 | -30.9% |
| Total | 5,798 | 3,502 | 514 | 2,008 | -29.8% |
Top Suppliers of Meat of Bovine Animals; Frozen to Myanmar in 2022:
- India (357.4 tons)
- Nepal (183.9 tons)
- Hong Kong SAR (86.6 tons)
- Brazil (28.3 tons)
- Australia (23.8 tons)
- Spain (22.3 tons)
Exports of Meat of Bovine Animals; Frozen in Myanmar
In 2022, after three years of growth, there was significant decline in overseas shipments of meat of bovine animals; frozen, when their volume decreased by -21.7% to 588 tons. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 331% against the previous year.
In value terms, meat of bovine animals; frozen exports fell notably to $2.7M 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 423%.
| Export of Meat of Bovine Animals; Frozen in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 1.9 | 3.4 | 2.7 | 89.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | 1.9 | 3.4 | 2.7 | 89.0% |
Top Export Markets for Meat of Bovine Animals; Frozen from Myanmar in 2022:
- China (587.9 tons)
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