Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (FOB) - 2023
In October 2023, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,094 per ton, dropping by -22.5% against the previous month. Over the period under review, the export price saw a slight curtailment. The pace of growth was the most pronounced in November 2022 when the average export price increased by 11% m-o-m. The export price peaked at $6,210 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Bosnia and Herzegovina ($4,414 per ton), while the average price for exports to the UK stood at $1,827 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $22,687 per ton in October 2023, rising by 200% against the previous month. Over the period under review, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +11.6% per month.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
In 2022, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Belgium shrank modestly to 40K tons, approximately equating the year before. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded sharply to $218M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 53.0 | 27.4 | 53.1 | 66.5 | 7.9% |
| France | 54.1 | 49.5 | 56.5 | 63.7 | 5.6% |
| Germany | 39.4 | 29.9 | 37.0 | 35.9 | -3.1% |
| Italy | 28.1 | 20.5 | 27.2 | 26.9 | -1.4% |
| Spain | 7.3 | 5.3 | 7.2 | 7.2 | -0.5% |
| Luxembourg | 5.9 | 5.1 | 5.3 | 5.9 | 0.0% |
| Bosnia and Herzegovina | 3.2 | 3.7 | 3.5 | 5.1 | 16.8% |
| Portugal | 2.8 | 2.7 | 2.7 | 2.3 | -6.3% |
| Others | 4.1 | 2.2 | 2.8 | 4.3 | 1.6% |
| Total | 198 | 146 | 195 | 218 | 3.3% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Belgium in 2022:
- Netherlands (14.4K tons)
- France (10.5K tons)
- Germany (7.1K tons)
- Italy (4.2K tons)
- Bosnia and Herzegovina (1.2K tons)
- Spain (0.8K tons)
- Luxembourg (0.7K tons)
- Portugal (0.5K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
In 2022, purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -13.6% to 11K tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose modestly to $71M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 15%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.4 | 13.9 | 16.7 | 22.0 | 21.1% |
| France | 15.0 | 19.3 | 18.4 | 17.3 | 4.9% |
| Ireland | 8.8 | 10.0 | 12.2 | 10.9 | 7.4% |
| Spain | 9.2 | 10.0 | 5.0 | 7.6 | -6.2% |
| Poland | 3.3 | 3.5 | 4.5 | 6.0 | 22.1% |
| Italy | 2.1 | 2.0 | 3.6 | 3.0 | 12.6% |
| Germany | 1.1 | 1.7 | 1.4 | 1.7 | 15.6% |
| Others | 4.0 | 3.8 | 6.3 | 2.8 | -11.2% |
| Total | 55.9 | 64.2 | 68.1 | 71.3 | 8.4% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Belgium in 2022:
- Netherlands (3.3K tons)
- France (3.1K tons)
- Spain (1.5K tons)
- Poland (1.1K tons)
- Italy (0.7K tons)
- Ireland (0.7K tons)
- Germany (0.4K tons)
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