Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain (FOB) - 2023
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain (CIF) - 2022
3. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain
4. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Spain (FOB) - 2023

In October 2023, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $5,119 per ton, surging by 31% against the previous month. Overall, export price indicated temperate growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for frozen carcasses and half-carcasses of bovine meat increased by +31.2% against September 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 74% m-o-m. Over the period under review, the average export prices attained the maximum at $5,324 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Portugal ($6,283 per ton), while the average price for exports to France ($4,631 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $5,174 per ton in 2022, with a decrease of -4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. The import price peaked at $5,497 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,503 per ton), while the price for Portugal ($4,358 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, overseas shipments of frozen carcasses and half-carcasses of bovine meat decreased by -1.3% to 3.9K tons in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then reduced slightly in the following year.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat fell rapidly to $19M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $25M, and then declined significantly in the following year.

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

1. France (3124.3 tons)
2. Portugal (587.0 tons)
3. Netherlands (133.7 tons)

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

In 2022, the amount of frozen carcasses and half-carcasses of bovine meat imported into Spain shrank remarkably to 1.1K tons, reducing by -31.4% compared with the previous year's figure. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat declined dramatically to $5.6M in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.

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

1. Poland (691.5 tons)
2. Portugal (77.9 tons)
3. Netherlands (77.7 tons)
4. Romania (76.9 tons)
5. Italy (70.8 tons)
6. Denmark (49.6 tons)
7. France (23.9 tons)
8. Germany (7.2 tons)

Source: IndexBox Market Intelligence Platform