Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (FOB) - 2023
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $11,581 per ton in October 2023, increasing by 79% against the previous month. Overall, export price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.6% 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 fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +79.3% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($18,797 per ton), while the average price for exports to Israel ($8,570 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 Switzerland (+6.7%), 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 France (CIF) - 2023
In October 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,299 per ton, reducing by -21.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 13% month-to-month. The import price peaked at $8,812 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Italy amounted to +4.3% per month.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France
After two years of decline, overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 1.1% to 100K tons in 2022. Over the period under review, exports, however, showed a noticeable curtailment.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose significantly to $582M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached 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 France (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 261 | 235 | 250 | 252 | -1.2% |
Germany | 83.8 | 89.1 | 93.0 | 105 | 7.8% |
Greece | 108 | 97.4 | 99.8 | 103 | -1.6% |
Netherlands | 13.5 | 9.3 | 23.2 | 60.1 | 64.5% |
Belgium | 16.5 | 21.7 | 26.2 | 29.8 | 21.8% |
Others | 37.1 | 27.4 | 26.7 | 31.6 | -5.2% |
Total | 520 | 480 | 519 | 582 | 3.8% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from France in 2022:
- Italy (38.9K tons)
- Greece (20.2K tons)
- Germany (18.9K tons)
- Netherlands (12.6K tons)
- Belgium (5.3K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into France surged to 48K tons, growing by 17% compared with 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $349M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 111 | 92.4 | 122 | 147 | 9.8% |
United Kingdom | 14.4 | 13.0 | 28.7 | 55.8 | 57.1% |
Germany | 42.3 | 35.1 | 41.0 | 39.7 | -2.1% |
Belgium | 35.5 | 32.5 | 34.7 | 31.3 | -4.1% |
Ireland | 18.0 | 17.0 | 24.1 | 26.2 | 13.3% |
Spain | 13.1 | 15.4 | 19.2 | 23.4 | 21.3% |
Italy | 10.6 | 8.1 | 12.5 | 12.4 | 5.4% |
Others | 14.8 | 7.3 | 10.1 | 13.2 | -3.7% |
Total | 260 | 221 | 292 | 349 | 10.3% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to France in 2022:
- Netherlands (19.2K tons)
- United Kingdom (8.8K tons)
- Germany (6.1K tons)
- Belgium (5.0K tons)
- Spain (3.4K tons)
- Ireland (2.5K tons)
- Italy (2.0K tons)
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