Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (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 $5,343 per ton, with a decrease of -4% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 9% against the previous month. The export price peaked at $5,627 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Italy ($7,614 per ton), while the average price for exports to Lithuania ($3,110 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 Italy (+1.1%), 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 Denmark (CIF) - 2023
In September 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $7,824 per ton, picking up by 23% against the previous month. Over the period under review, the import price posted perceptible growth. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 393% m-o-m. Over the period under review, average import prices reached the peak figure at $10,842 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($17,406 per ton), while the price for Germany ($6,229 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
Exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Denmark reached 30K tons in 2022, picking up by 7.3% on 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $162M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. As a result, the exports attained the peak 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 Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.4 | 53.9 | 51.1 | 59.2 | 2.9% |
| Italy | 31.5 | 26.1 | 34.7 | 44.0 | 11.8% |
| Spain | 12.7 | 10.8 | 15.9 | 20.8 | 17.9% |
| Finland | 4.3 | 5.4 | 9.9 | 13.8 | 47.5% |
| Norway | N/A | 2.7 | 8.2 | 7.7 | 68.9% |
| Netherlands | 0.1 | 0.9 | 0.9 | 6.2 | 295.8% |
| Lithuania | 0.5 | 1.5 | 2.8 | 4.7 | 111.0% |
| Austria | 4.0 | 1.6 | 0.2 | 0.1 | -70.8% |
| Others | 5.2 | 2.5 | 4.4 | 5.1 | -0.6% |
| Total | 113 | 105 | 128 | 162 | 12.8% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Denmark in 2022:
- Germany (13.7K tons)
- Italy (5.9K tons)
- Finland (3.5K tons)
- Spain (2.3K tons)
- Netherlands (1.4K tons)
- Norway (1.4K tons)
- Lithuania (1.3K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
Imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Denmark contracted to 15K tons in 2022, with a decrease of -11% compared with the previous year. Overall, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports attained the peak of 17K tons, and then shrank in the following year.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose to $95M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +45.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 15.9 | 11.9 | 17.4 | 18.8 | 5.7% |
| Germany | 12.4 | 11.8 | 21.4 | 17.1 | 11.3% |
| Finland | N/A | N/A | 9.5 | 14.2 | 49.5% |
| Netherlands | 12.1 | 12.2 | 14.1 | 12.0 | -0.3% |
| Austria | 5.3 | 6.2 | 8.9 | 9.6 | 21.9% |
| Italy | 0.6 | 2.1 | 2.8 | 5.7 | 111.8% |
| Hungary | 4.3 | 4.2 | 4.3 | 5.4 | 7.9% |
| Czech Republic | 2.7 | 3.3 | 4.2 | 5.3 | 25.2% |
| France | 7.1 | 4.6 | 4.4 | 3.2 | -23.3% |
| Spain | 0.8 | 0.6 | 1.9 | 1.3 | 17.6% |
| Lithuania | 4.9 | 3.2 | 1.9 | 1.2 | -37.4% |
| Ireland | 3.2 | 1.1 | 0.8 | 0.7 | -39.7% |
| Others | 1.1 | 4.3 | 0.2 | 0.4 | -28.6% |
| Total | 70.5 | 65.4 | 91.7 | 95.0 | 10.5% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Denmark in 2022:
- Poland (3.1K tons)
- Germany (2.8K tons)
- Netherlands (1.9K tons)
- Finland (1.9K tons)
- Austria (1.5K tons)
- Italy (1.0K tons)
- Czech Republic (0.9K tons)
- Hungary (0.9K tons)
- France (0.5K tons)
- Lithuania (0.2K tons)
- Spain (0.2K tons)
- Ireland (0.1K tons)
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