Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (CIF) - 2023
In October 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $8,371 per ton, approximately mirroring the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in March 2023 an increase of 10% against the previous month. The import price peaked at $8,482 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Uruguay ($12,978 per ton), while the price for Latvia ($6,132 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 Latvia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $7,754 per ton in October 2023, reducing by -3% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 5.4% against the previous month. Over the period under review, the average export prices attained the maximum at $8,613 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($11,288 per ton), while the average price for exports to Poland ($4,862 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 Germany (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark
In 2022, after three years of growth, there was significant decline in overseas purchases of fresh or chilled boneless cuts of bovine meat, when their volume decreased by -12% to 52K tons. Over the period under review, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 4.1%. As a result, imports attained the peak of 60K tons, and then contracted in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat shrank to $398M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, imports attained the peak of $421M, and then reduced in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 120 | 115 | 151 | 134 | 3.7% |
| Germany | 122 | 135 | 145 | 131 | 2.4% |
| Poland | 22.9 | 26.5 | 36.3 | 35.5 | 15.7% |
| Ireland | 35.4 | 25.2 | 26.6 | 31.0 | -4.3% |
| Belgium | 4.7 | 5.7 | 11.2 | 10.8 | 32.0% |
| Lithuania | 4.5 | 3.3 | 11.7 | 8.9 | 25.5% |
| Latvia | 0.9 | 2.8 | 3.1 | 7.0 | 98.1% |
| United Kingdom | 16.5 | 22.6 | 2.1 | 5.7 | -29.8% |
| Others | 36.7 | 32.4 | 33.3 | 33.9 | -2.6% |
| Total | 364 | 369 | 421 | 398 | 3.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Denmark in 2022:
- Germany (19.9K tons)
- Netherlands (15.4K tons)
- Poland (5.6K tons)
- Ireland (3.6K tons)
- Lithuania (1.9K tons)
- Latvia (1.3K tons)
- Belgium (0.9K tons)
- United Kingdom (0.5K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark
In 2022, exports of fresh or chilled boneless cuts of bovine meat from Denmark dropped to 21K tons, waning by -12.3% compared with 2021. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat fell to $175M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of $179M, and then declined in the following year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 38.6 | 33.4 | 46.1 | 50.7 | 9.5% |
| Italy | 17.1 | 15.1 | 24.0 | 21.7 | 8.3% |
| Spain | 33.1 | 24.3 | 31.7 | 21.1 | -13.9% |
| Greece | 14.4 | 14.9 | 16.8 | 18.9 | 9.5% |
| Germany | 17.4 | 15.9 | 19.9 | 18.5 | 2.1% |
| Netherlands | 5.7 | 5.5 | 6.4 | 13.7 | 34.0% |
| Portugal | 8.1 | 5.7 | 7.1 | 8.3 | 0.8% |
| Finland | 3.6 | 6.8 | 6.5 | 4.6 | 8.5% |
| Poland | 2.9 | 2.2 | 1.0 | 2.1 | -10.2% |
| United Kingdom | 3.8 | 2.7 | 2.4 | 1.9 | -20.6% |
| Others | 13.6 | 14.5 | 16.6 | 13.3 | -0.7% |
| Total | 158 | 141 | 179 | 175 | 3.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Denmark in 2022:
- Sweden (7.3K tons)
- Germany (2.5K tons)
- Greece (2.5K tons)
- Spain (2.0K tons)
- Italy (1.9K tons)
- Netherlands (1.3K tons)
- Portugal (0.8K tons)
- Finland (0.8K tons)
- Poland (0.4K tons)
- United Kingdom (0.3K tons)
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