Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand - 2024
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (CIF) - 2024
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (CIF) - 2024
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $9,584 per ton in February 2024, reducing by -8.5% against the previous month. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in July 2023 when the average import price increased by 43% month-to-month. The import price peaked at $16,170 per ton in April 2023; however, from May 2023 to February 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Australia ($11,209 per ton), while the price for Brazil ($4,575 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Brazil (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at less than $0.1 per ton in 2022, declining by 99.9% against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 33% against the previous year. The export price peaked at $15,417 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +6.0% per year.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
In 2022, approx. 163 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Thailand; increasing by 81% on the previous year. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $2.7M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 418 | 667 | 1,024 | 2,454 | 80.4% |
| New Zealand | 32.8 | 158 | 72.3 | 175 | 74.7% |
| United States | 91.8 | 20.1 | 22.9 | 77.6 | -5.4% |
| Others | 0.2 | N/A | 1.4 | 5.1 | 194.3% |
| Total | 543 | 845 | 1,120 | 2,711 | 70.9% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Thailand in 2022:
- Australia (136.3 tons)
- New Zealand (18.5 tons)
- United States (6.4 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
Exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Thailand shrank dramatically to 3 kg in 2021, declining by -99.7% against the previous year's figure. In general, exports saw a significant curtailment.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped notably to $7 in 2021. Overall, exports faced a significant curtailment.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Estonia | N/A | N/A | 4.4 | 0% | |
| Myanmar | 6.6 | N/A | N/A | 0% | |
| Lao People's Democratic Republic | 5.9 | N/A | N/A | 0% | |
| Others | N/A | N/A | -4.4 | 0% | |
| Total | 12.4 | N/A | N/A | 0% | |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Thailand in 2022:
- Estonia (490.0 kg)
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