Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China (CIF) - 2023
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $29,152 per ton in December 2023, growing by 6.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 23% m-o-m. Over the period under review, average import prices attained the peak figure at $30,121 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($29,970 per ton), while the price for New Zealand ($14,951 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into China declined significantly to 632 tons, falling by -26.4% on the year before. Over the period under review, imports showed a significant curtailment. The smallest decline of -1.9% was in 2021.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced dramatically to $15M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $20M, and then reduced markedly in the following year.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 2.8 | 9.8 | 7.7 | 47.5% |
| Australia | 10.4 | 9.1 | 9.9 | 6.8 | -13.2% |
| New Zealand | 0.6 | 0.2 | 0.2 | 0.5 | -5.9% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 13.5 | 12.1 | 20.0 | 15.0 | 3.6% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to China in 2022:
- Australia (324.6 tons)
- United States (265.9 tons)
- New Zealand (39.5 tons)
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