Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay (FOB) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $11,000 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $11,183 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($13,119 per ton), while the average price for exports to Chile ($8,210 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 Chile (+2.2%), 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 Uruguay (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $5,179 per ton, surging by 8.3% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. The import price peaked at $6,490 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($5,215 per ton), while the price for Brazil totaled $5,167 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (-0.6%).
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay
In 2022, approx. 39K tons of fresh or chilled boneless cuts of bovine meat were exported from Uruguay; which is down by -8.4% on the year before. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of 43K tons, and then contracted in the following year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat expanded sharply to $431M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 75.9 | 72.2 | 94.0 | 157 | 27.4% |
| Chile | 7.7 | 5.4 | 25.1 | 46.7 | 82.4% |
| United States | 10.5 | 18.9 | 19.3 | 35.8 | 50.5% |
| Japan | 8.0 | 11.2 | 23.6 | 31.7 | 58.2% |
| Germany | 24.0 | 20.9 | 19.4 | 28.3 | 5.6% |
| United Kingdom | 10.9 | 4.8 | 11.4 | 25.6 | 32.9% |
| Spain | 10.5 | 5.2 | 9.6 | 24.3 | 32.3% |
| Italy | 6.4 | 6.2 | 11.3 | 16.2 | 36.3% |
| Brazil | 13.3 | 7.9 | 9.1 | 15.5 | 5.2% |
| Others | 158 | 138 | 173 | 50.3 | -31.7% |
| Total | 325 | 291 | 396 | 431 | 9.9% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Uruguay in 2022:
- Netherlands (13.2K tons)
- Chile (5.7K tons)
- Japan (3.5K tons)
- United States (3.0K tons)
- United Kingdom (2.2K tons)
- Germany (2.2K tons)
- Spain (2.2K tons)
- Italy (1.6K tons)
- Brazil (1.4K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay
In 2022, approx. 28K tons of fresh or chilled boneless cuts of bovine meat were imported into Uruguay; growing by 14% on 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $145M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 96.7 | 94.4 | 98.0 | 109 | 4.1% |
| Paraguay | 11.3 | 18.8 | 18.4 | 35.6 | 46.6% |
| Others | 1.9 | 2.7 | 1.4 | N/A | -14.2% |
| Total | 110 | 116 | 118 | 145 | 9.6% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Uruguay in 2022:
- Brazil (21.1K tons)
- Paraguay (6.8K tons)
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