Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (CIF) - 2023
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (FOB) - 2023
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (CIF) - 2023

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,045 per ton in October 2023, increasing by 5.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 7.1% m-o-m. Over the period under review, average import prices reached the peak figure at $6,339 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,318 per ton), while the price for Spain ($5,544 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 Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (FOB) - 2023

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $8,181 per ton in October 2023, which is down by -5.6% against the previous month. Over the period under review, export price indicated mild growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.6% 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 decreased by -11.5% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 48% against the previous month. Over the period under review, the average export prices reached the peak figure at $9,245 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($46,666 per ton), while the average price for exports to Bulgaria ($4,967 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 Serbia (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Greece contracted to 54K tons, dropping by -6.4% compared with the previous year. In general, imports continue to indicate a abrupt curtailment. The smallest decline of -3.7% was in 2021.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose rapidly to $299M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Greece in 2022:

1. France (19.9K tons)
2. Spain (11.9K tons)
3. Italy (9.1K tons)
4. Netherlands (5.9K tons)
5. Poland (2.5K tons)
6. Germany (2.4K tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

For the fourth consecutive year, Greece recorded growth in shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 12% to 296 tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 100%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $1.7M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 103% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Greece in 2022:

1. Albania (101.7 tons)
2. Bulgaria (72.2 tons)
3. Cyprus (61.3 tons)
4. Netherlands (24.2 tons)
5. Denmark (17.6 tons)
6. Germany (6.6 tons)
7. France (5.4 tons)
8. Spain (1.5 tons)

Source: IndexBox Market Intelligence Platform