MERCOSUR: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in MERCOSUR

The MERCOSUR fresh beef carcase market reduced to $X in 2022, with a decrease of -4.5% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Fresh Beef Carcase Production in MERCOSUR

In value terms, fresh beef carcase production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports in MERCOSUR

In 2022, the amount of fresh or chilled carcases of beef and veal exported in MERCOSUR dropped significantly to X tons, reducing by -19.5% on the previous year. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 73%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh beef carcase exports shrank notably to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia dominates exports structure, accounting for X tons, which was approx. 80% of total exports in 2022. It was distantly followed by Uruguay (X tons) and Brazil (X tons), together constituting a 13% share of total exports. Paraguay (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh beef carcase exports from Colombia stood at -3.4%. At the same time, Brazil (+25.3%) and Paraguay (+7.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +25.3% from 2012-2022. By contrast, Uruguay (-32.6%) illustrated a downward trend over the same period. While the share of Colombia (+60 p.p.), Brazil (+4.8 p.p.) and Paraguay (+4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (-69.8 p.p.) displayed negative dynamics.

In value terms, Colombia ($X) remains the largest fresh beef carcase supplier in MERCOSUR, comprising 76% of total exports. The second position in the ranking was held by Uruguay ($X), with a 5.9% share of total exports. It was followed by Paraguay, with a 4.5% share.

In Colombia, fresh beef carcase exports decreased by an average annual rate of -2.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (-31.0% per year) and Paraguay (+16.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 5.5% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh beef carcase export price increased by +91.9% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 48%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Paraguay ($X per ton) and Colombia ($X per ton), while Uruguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+8.3%), while the other leaders experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports in MERCOSUR

In 2022, overseas purchases of fresh or chilled carcases of beef and veal decreased by -3.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 71%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, fresh beef carcase imports shrank to $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Chile represented the major importer of fresh or chilled carcases of beef and veal in MERCOSUR, with the volume of imports finishing at X tons, which was near 53% of total imports in 2022. Brazil (X tons) held a 28% share (based on physical terms) of total imports, which put it in second place, followed by Peru (11%). Colombia (X tons) and Ecuador (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ecuador (with a CAGR of +13.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X) constitutes the largest market for imported fresh or chilled carcases of beef and veal in MERCOSUR, comprising 53% of total imports. The second position in the ranking was held by Peru ($X), with a 19% share of total imports. It was followed by Brazil, with a 19% share.

In Chile, fresh beef carcase imports contracted by an average annual rate of -10.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (+7.1% per year) and Brazil (-25.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 77% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform