Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK (FOB) - 2023
In November 2023, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,062 per ton, growing by 3.2% against the previous month. In general, the export price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in March 2023 when the average export price increased by 11% month-to-month. As a result, the export price reached the peak level of $5,654 per ton. From April 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($6,809 per ton), while the average price for exports to Ireland ($2,354 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $8,427 per ton in November 2023, picking up by 12% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 15% against the previous month. The import price peaked at $8,656 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Ireland ($9,444 per ton), while the price for Poland ($6,342 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), 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 the UK
In 2022, overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 87% to 15K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decrease.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $84M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.2 | 9.5 | 20.3 | 29.0 | 59.1% |
| Netherlands | 17.3 | 10.6 | 6.7 | 22.2 | 8.7% |
| Ireland | 13.3 | 7.7 | 7.4 | 19.8 | 14.2% |
| Hong Kong SAR | 10.9 | 4.3 | 0.9 | 1.2 | -52.1% |
| Italy | 1.8 | 1.6 | 0.8 | 0.3 | -45.0% |
| China | 1.4 | 0.8 | N/A | 0.1 | -58.5% |
| Philippines | 1.4 | 0.5 | 0.3 | N/A | -53.7% |
| Iran | N/A | N/A | 7.7 | N/A | 0% |
| Others | 10.9 | 9.6 | 2.7 | 11.5 | 1.8% |
| Total | 64.4 | 44.7 | 46.9 | 84.2 | 9.3% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from the UK in 2022:
- Ireland (5.8K tons)
- Netherlands (4.1K tons)
- France (3.9K tons)
- Hong Kong SAR (0.3K tons)
- China (0.1K tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into the UK shrank markedly to 6.1K tons, dropping by -16.3% on the previous year's figure. Overall, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose modestly to $50M in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 28.0 | 23.1 | 38.6 | 24.4 | -4.5% |
| Poland | 14.0 | 3.3 | 2.6 | 16.2 | 5.0% |
| Netherlands | 4.6 | 4.1 | 2.6 | 3.8 | -6.2% |
| Germany | 0.1 | 0.1 | N/A | 1.0 | 115.4% |
| Italy | 2.7 | 0.2 | 1.2 | 0.9 | -30.7% |
| Austria | 2.7 | 1.7 | 1.6 | N/A | -23.0% |
| Others | 1.1 | 1.4 | 2.2 | 3.4 | 45.7% |
| Total | 53.3 | 33.9 | 49.0 | 49.7 | -2.3% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to the UK in 2022:
- Poland (2.7K tons)
- Ireland (2.5K tons)
- Netherlands (0.6K tons)
- Italy (0.1K tons)
- Germany (0.1K tons)
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