Price for Meat of Bovine Animals; Frozen in Bolivia - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Bolivia (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Bolivia (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Bolivia
- Imports of Meat of Bovine Animals; Frozen in Bolivia
Price for Meat of Bovine Animals; Frozen in Bolivia (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $4,496 per ton in October 2023, waning by -5.7% against the previous month. Over the period under review, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in January 2023 an increase of 7.9% against the previous month. The export price peaked at $5,544 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Hong Kong SAR ($4,703 per ton), while the average price for exports to China stood at $4,418 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.8%).
Price for Meat of Bovine Animals; Frozen in Bolivia (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $6,638 per ton in 2022, surging by 81% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2014 to 2022, the rate of growth in terms of prices for Brazil amounted to +9.6% per year.
Exports of Meat of Bovine Animals; Frozen in Bolivia
For the fourth year in a row, Bolivia recorded growth in overseas shipments of meat of bovine animals; frozen, which increased by 16% to 19K tons in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 466%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, meat of bovine animals; frozen exports skyrocketed to $120M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 381% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 58.6 | 84.7 | 104 | 113.4% |
| Hong Kong SAR | N/A | 0.1 | N/A | 11.9 | 990.9% |
| Russia | N/A | N/A | 1.2 | 2.5 | 108.3% |
| Peru | 1.5 | 0.8 | 1.2 | 1.2 | -7.2% |
| Others | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Total | 12.4 | 59.8 | 87.1 | 120 | 113.1% |
Top Export Markets for Meat of Bovine Animals; Frozen from Bolivia in 2022:
- China (15.9K tons)
- Hong Kong SAR (2.0K tons)
- Russia (0.5K tons)
- Peru (0.2K tons)
Imports of Meat of Bovine Animals; Frozen in Bolivia
In 2022, meat of bovine animals; frozen imports into Bolivia reduced notably to 38 tons, shrinking by -68.4% compared with the previous year's figure. In general, imports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 396%.
In value terms, meat of bovine animals; frozen imports declined rapidly to $250K in 2022. Over the period under review, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 539%.
| Import of Meat of Bovine Animals; Frozen in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 602 | 68.4 | 437 | 250 | -25.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 602 | 68.4 | 437 | 250 | -25.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to Bolivia in 2022:
- Brazil (37.6 tons)
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