Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (FOB) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (CIF) - 2023
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (FOB) - 2023
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,138 per ton in November 2023, surging by 1.9% against the previous month. Overall, the export price recorded strong growth. The pace of growth was the most pronounced in December 2022 when the average export price increased by 405% month-to-month. The export price peaked in November 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for South Korea amounted to +37.2% per month.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $10,060 per ton in November 2023, picking up by 13% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 146% month-to-month. Over the period under review, average import prices hit record highs at $25,560 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to -0.7% per month.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico
In 2022, after two years of decline, there was significant growth in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 85% to 9.1K tons. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $35M in 2022. Overall, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.9 | 14.0 | 20.4 | 18.8 | -3.5% |
| South Korea | 11.1 | 8.8 | 5.0 | 15.3 | 11.3% |
| Others | 0.4 | 0.1 | 0.2 | 0.4 | 0.0% |
| Total | 32.4 | 22.9 | 25.6 | 34.5 | 2.1% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Mexico in 2022:
- South Korea (5.5K tons)
- United States (3.6K tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico
In 2022, approx. 286 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Mexico; with an increase of 16% on 2021. Overall, imports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $3.1M in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, imports reached the peak of $5.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 5.5 | 2.2 | 3.1 | -4.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.6 | 5.5 | 2.2 | 3.1 | -4.9% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Mexico in 2022:
- United States (285.7 tons)
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