Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (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 $4,068 per ton, declining by -30.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices reached the peak figure at $5,975 per ton in July 2023; however, from August 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In October 2023, the country with the highest price was Norway ($4,704 per ton), while the average price for exports to Bosnia and Herzegovina ($3,585 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 the Netherlands (+5.1%), 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 Germany (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $27,145 per ton in October 2023, picking up by 341% against the previous month. Overall, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($32,508 per ton), while the price for Canada ($18,808 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), 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 Germany
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Germany expanded remarkably to 116K tons, picking up by 8.9% against the year before. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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 expanded significantly to $550M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 125 | 123 | 163 | 184 | 13.8% |
Italy | 95.5 | 78.9 | 91.3 | 97.0 | 0.5% |
Spain | 53.8 | 36.1 | 55.2 | 64.4 | 6.2% |
France | 59.4 | 50.4 | 60.5 | 62.2 | 1.5% |
Norway | 16.6 | 36.3 | 54.7 | 39.0 | 32.9% |
Austria | 22.3 | 31.0 | 30.7 | 32.1 | 12.9% |
Denmark | 14.2 | 15.2 | 23.0 | 22.5 | 16.6% |
Greece | 11.9 | 12.2 | 10.4 | 13.9 | 5.3% |
Czech Republic | 9.6 | 10.6 | 13.3 | 13.6 | 12.3% |
Others | 14.4 | 12.8 | 14.6 | 21.4 | 14.1% |
Total | 423 | 406 | 517 | 550 | 9.1% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Germany in 2022:
- Netherlands (55.9K tons)
- Italy (15.3K tons)
- France (9.6K tons)
- Spain (7.8K tons)
- Norway (6.7K tons)
- Austria (6.3K tons)
- Denmark (3.8K tons)
- Czech Republic (2.9K tons)
- Greece (2.8K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany
In 2022, after two years of decline, there was growth in supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 4.1% to 80K tons. In general, imports, however, recorded a noticeable descent.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded rapidly to $421M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 113 | 116 | 112 | 115 | 0.6% |
Netherlands | 97.2 | 97.3 | 106 | 111 | 4.5% |
Denmark | 56.2 | 50.3 | 46.6 | 60.2 | 2.3% |
Poland | 43.3 | 48.6 | 38.5 | 48.7 | 4.0% |
Belgium | 23.0 | 18.6 | 24.7 | 26.2 | 4.4% |
Austria | 16.8 | 18.3 | 20.1 | 24.9 | 14.0% |
Italy | 17.6 | 11.8 | 13.7 | 18.3 | 1.3% |
Others | 20.5 | 16.8 | 16.4 | 16.0 | -7.9% |
Total | 388 | 378 | 378 | 421 | 2.8% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Germany in 2022:
- France (20.5K tons)
- Netherlands (20.1K tons)
- Denmark (14.3K tons)
- Poland (9.9K tons)
- Belgium (4.9K tons)
- Austria (4.6K tons)
- Italy (3.5K tons)
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