Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan - 2022

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan (FOB) - 2022
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan (CIF) - 2022
3. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan
4. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan (FOB) - 2022

In October 2021, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $78,156 per ton, standing approximately at the previous month. In general, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 6.3% m-o-m. Over the period under review, the average export prices reached the maximum in October 2021.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From July 2021 to October 2021, the rate of growth in terms of prices for Vietnam amounted to +4.0% per month.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan (CIF) - 2022

In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $4,815 per ton, shrinking by -5.2% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average import price decreased by -5.2%. Over the period under review, average import prices attained the peak figure at $5,360 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,312 per ton), while the price for the United States ($2,000 per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.7%), while the prices for the other major suppliers experienced a decline.

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan

In 2022, overseas shipments of frozen carcasses and half-carcasses of bovine meat increased by 157% to 47 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt decrease.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $244K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Japan in 2022:

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Japan

For the third consecutive year, Japan recorded decline in supplies from abroad of frozen carcasses and half-carcasses of bovine meat, which decreased by -1.2% to 20 tons in 2022. Overall, imports recorded a mild curtailment.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat contracted to $94K in 2022. In general, imports continue to indicate a deep setback. The smallest decline of -6.4% was in 2020.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Japan in 2022:

1. United Kingdom (0.4 tons)
2. Canada (0.3 tons)

Source: IndexBox Market Intelligence Platform