Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway - 2024
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway (CIF) - 2024
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway (FOB) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway (CIF) - 2024
In January 2024, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,172 per ton, shrinking by -31.8% against the previous month. Overall, the import price, however, recorded pronounced growth. The most prominent rate of growth was recorded in July 2023 an increase of 130% month-to-month. As a result, import price attained the peak level of $5,525 per ton. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($6,288 per ton), while the price for Sweden ($552 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Finland (+42.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway (FOB) - 2022
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $36,948 per ton in 2022, jumping by 287% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2014 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +21.1% per year.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway
In 2022, purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -46.2% to 8.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 101%.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted remarkably to $49M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 113% against the previous year.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.1 | 39.4 | 60.3 | 41.7 | 32.1% |
| Denmark | 0.2 | 2.5 | 8.6 | 6.4 | 217.5% |
| Lithuania | 2.8 | 3.6 | 3.3 | 0.1 | -67.1% |
| Others | 0.5 | 0.3 | 0.9 | 1.1 | 30.1% |
| Total | 21.5 | 45.8 | 73.1 | 49.3 | 31.9% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Norway in 2022:
- Germany (7.5K tons)
- Denmark (1.2K tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Norway
Exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Norway surged to 135 kg in 2022, increasing by 575% compared with 2021 figures. In general, exports saw a significant increase. 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 soared to $5K in 2022. Overall, exports recorded a significant expansion. 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 Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | N/A | N/A | 5.0 | 0% | |
| Sweden | 0.1 | N/A | N/A | 0% | |
| Denmark | N/A | 0.1 | N/A | 0% | |
| Others | 0.1 | 0.1 | N/A | 0.0% | |
| Total | 0.2 | 0.2 | 5.0 | 400.0% | |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Norway in 2022:
- Netherlands (135.0 kg)
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