Price for Meat of Bovine Animals; Fresh or Chilled in Uruguay - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Uruguay (FOB) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in Uruguay (CIF) - 2023
- Exports of Meat of Bovine Animals; Fresh or Chilled in Uruguay
- Imports of Meat of Bovine Animals; Fresh or Chilled in Uruguay
Price for Meat of Bovine Animals; Fresh or Chilled in Uruguay (FOB) - 2023
The average export price for meat of bovine animals; fresh or chilled stood at $9,604 per ton in December 2023, with a decrease of -3.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 9.8% against the previous month. The export price peaked at $10,833 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($11,951 per ton), while the average price for exports to Israel ($6,823 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Uruguay (CIF) - 2023
The average import price for meat of bovine animals; fresh or chilled stood at $4,880 per ton in December 2023, with an increase of 3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 5.6% month-to-month. Over the period under review, average import prices attained the peak figure at $5,007 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Brazil ($4,864 per ton), while the price for Paraguay totaled $4,797 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Paraguay (+0.2%).
Exports of Meat of Bovine Animals; Fresh or Chilled in Uruguay
In 2022, the amount of meat of bovine animals; fresh or chilled exported from Uruguay contracted to 39K tons, shrinking by -8.8% against 2021. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of 43K tons, and then declined in the following year.
In value terms, exports of meat of bovine animals; fresh or chilled amounted to $431M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +47.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Meat of Bovine Animals; Fresh or Chilled in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 130 | 117 | 143 | 157 | 6.5% |
| Chile | 13.1 | 8.7 | 38.2 | 46.7 | 52.8% |
| United States | 17.9 | 30.7 | 29.5 | 35.8 | 26.0% |
| Japan | 13.6 | 18.2 | 36.1 | 31.7 | 32.6% |
| Germany | 41.0 | 34.0 | 29.6 | 28.3 | -11.6% |
| United Kingdom | 18.7 | 7.8 | 17.4 | 25.6 | 11.0% |
| Spain | 17.9 | 8.5 | 14.7 | 24.3 | 10.7% |
| Italy | 10.9 | 10.0 | 17.2 | 16.2 | 14.1% |
| Brazil | 26.0 | 14.2 | 14.7 | 15.5 | -15.8% |
| Others | 39.9 | 43.2 | 55.6 | 50.3 | 8.0% |
| Total | 329 | 292 | 396 | 431 | 9.4% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled 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 Meat of Bovine Animals; Fresh or Chilled in Uruguay
In 2022, approx. 28K tons of meat of bovine animals; fresh or chilled were imported into Uruguay; growing by 14% on 2021 figures. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.
In value terms, imports of meat of bovine animals; fresh or chilled 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 throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 96.4 | 94.1 | 98.8 | 109 | 4.2% |
| Paraguay | 11.3 | 18.8 | 18.5 | 35.6 | 46.6% |
| Others | 2.3 | 3.1 | 0.5 | N/A | -53.4% |
| Total | 110 | 116 | 118 | 145 | 9.6% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Uruguay in 2022:
- Brazil (21.1K tons)
- Paraguay (6.8K tons)
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