Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (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 $6,915 per ton, reducing by -23.1% against the previous month. Over the period under review, export price indicated a notable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.1% 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 -30.6% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices hit record highs at $9,961 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Spain ($13,455 per ton), while the average price for exports to Germany ($2,978 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 UK (+8.9%), 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 Ireland (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 $5,102 per ton, approximately reflecting the previous month. Overall, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +12.7% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 27% month-to-month. Over the period under review, average import prices hit record highs at $5,173 per ton in September 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,429 per ton), while the price for the Netherlands ($2,113 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 the UK (+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 Ireland
In 2022, after two years of decline, there was significant growth in shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 48% to 23K tons. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 notably to $139M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 46.5 | 40.3 | 48.7 | 47.7 | 0.9% |
| Italy | 12.8 | 9.8 | 25.8 | 29.5 | 32.1% |
| France | 13.8 | 11.3 | 20.8 | 24.9 | 21.7% |
| Germany | 4.9 | 3.8 | 10.5 | 12.9 | 38.1% |
| Netherlands | 10.7 | 8.1 | 5.6 | 7.2 | -12.4% |
| Spain | 0.9 | 3.4 | 4.7 | 4.8 | 74.7% |
| Sweden | 1.9 | 2.7 | 2.6 | 1.9 | 0.0% |
| Denmark | 3.3 | 1.5 | 0.9 | 0.6 | -43.3% |
| Others | 2.9 | 2.4 | 7.2 | 9.5 | 48.5% |
| Total | 97.7 | 83.4 | 127 | 139 | 12.5% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Ireland in 2022:
- United Kingdom (11.8K tons)
- Italy (3.1K tons)
- France (2.7K tons)
- Germany (1.9K tons)
- Netherlands (1.2K tons)
- Spain (0.4K tons)
- Sweden (0.2K tons)
- Denmark (0.1K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Ireland soared to 5.6K tons, surging by 53% compared with the year before. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 678%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $22M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 623% against the previous year. Imports peaked 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 Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.4 | 1.7 | 14.6 | 20.6 | 145.0% |
| Netherlands | 0.3 | 0.2 | 0.2 | 0.7 | 32.6% |
| Poland | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.0 | 2.1 | 15.0 | 21.8 | 121.7% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Ireland in 2022:
- United Kingdom (5.1K tons)
- Netherlands (0.4K tons)
- Poland (0.1K tons)
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