Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand - 2024
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (CIF) - 2024
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (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 $24,206 per ton, falling by -13% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices hit record highs at $28,962 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From January 2023 to January 2024, the rate of growth in terms of prices for Australia amounted to -0.8% per month.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand
After two years of decline, overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 39% to 185 tons in 2022. Over the period under review, imports, however, continue to indicate a deep reduction.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $4.6M in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 101%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.2 | 2.8 | 2.8 | 4.5 | 55.4% |
| United States | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 2.8 | 2.8 | 4.6 | 48.7% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Thailand in 2022:
- Australia (181.5 tons)
- United States (3.1 tons)
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