Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (CIF) - 2022
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $20,960 per ton in March 2022, picking up by 5.5% against the previous month. In general, import price indicated a perceptible increase from March 2021 to March 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +63.1% against January 2022 indices. The pace of growth appeared the most rapid in September 2021 an increase of 87% against the previous month. The import price peaked in March 2022.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Australia ($21,319 per ton), while the price for the United States amounted to $20,519 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia
For the fourth year in a row, Indonesia recorded growth in supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 81% to 169 tons in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $2.9M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,031 | 514 | 1,032 | 2,031 | 25.4% |
| United States | 46.8 | 100 | 234 | 831 | 160.9% |
| New Zealand | 21.1 | 19.9 | 32.7 | N/A | 24.5% |
| Singapore | 92.1 | 229 | 4.6 | N/A | -77.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1,191 | 863 | 1,303 | 2,861 | 33.9% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Indonesia in 2022:
- Australia (117.7 tons)
- United States (50.9 tons)
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