Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay - 2022

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (CIF) - 2022
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (CIF) - 2022

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,798 per ton in 2022, approximately equating the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 4.2%. The import price peaked at $10,583 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.1% per year.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay (FOB) - 2022

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,304 per ton, waning by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum at $4,459 per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($4,330 per ton), while the average price for exports to the United Arab Emirates amounted to $2,644 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.4%).

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay

In 2022, after two years of decline, there was decline in supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume decreased by 0% to 104 kg. In general, imports showed a sharp shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $499 in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of 99.9% was in 2020.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Uruguay in 2022:

1. Brazil (104.0 kg)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Uruguay

In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 38% to 258 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp decline.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $1.1M in 2022. Overall, exports, however, faced a sharp curtailment.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Uruguay in 2022:

1. Brazil (253.6 tons)
2. United Arab Emirates (4.0 tons)

Source: IndexBox Market Intelligence Platform