Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (FOB) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (CIF) - 2023
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (FOB) - 2023
In October 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $8,732 per ton, waning by -2.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in December 2022 an increase of 9.2% month-to-month. The export price peaked at $9,340 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a 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 Belgium ($13,613 per ton), while the average price for exports to Sweden ($7,665 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 Italy (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $7,705 per ton in October 2023, rising by 11% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. Over the period under review, average import prices attained the peak figure at $7,899 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($7,870 per ton), while the price for Lithuania ($3,668 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 Belgium (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland
In 2022, after two years of decline, there was growth in shipments abroad of fresh or chilled boneless cuts of bovine meat, when their volume increased by 4.5% to 230K tons. In general, exports, however, continue to indicate a pronounced contraction.
In value terms, exports of fresh or chilled boneless cuts of bovine meat expanded notably to $1.9B in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 8.3%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 716 | 760 | 798 | 823 | 4.8% |
| Italy | 197 | 178 | 178 | 218 | 3.4% |
| France | 153 | 139 | 154 | 211 | 11.3% |
| Netherlands | 164 | 176 | 196 | 202 | 7.2% |
| Germany | 131 | 142 | 139 | 120 | -2.9% |
| Sweden | 42.0 | 45.5 | 81.6 | 74.9 | 21.3% |
| Belgium | 48.6 | 48.3 | 68.3 | 68.5 | 12.1% |
| Spain | 46.9 | 33.1 | 27.9 | 38.2 | -6.6% |
| Denmark | 32.7 | 23.9 | 25.3 | 27.7 | -5.4% |
| Others | 87.3 | 93.2 | 108 | 128 | 13.6% |
| Total | 1,619 | 1,639 | 1,775 | 1,911 | 5.7% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Ireland in 2022:
- United Kingdom (106.4K tons)
- France (26.9K tons)
- Italy (24.2K tons)
- Netherlands (23.9K tons)
- Germany (12.6K tons)
- Sweden (10.8K tons)
- Belgium (5.3K tons)
- Spain (4.5K tons)
- Denmark (3.6K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Ireland rose rapidly to 15K tons, with an increase of 8.4% against the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded significantly to $93M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 69.1 | 65.5 | 78.7 | 83.4 | 6.5% |
| Spain | 4.9 | 5.9 | 5.3 | 5.3 | 2.7% |
| Belgium | 0.9 | 1.9 | 1.7 | 1.8 | 26.0% |
| Netherlands | 1.7 | 1.2 | 1.5 | 1.5 | -4.1% |
| Lithuania | 0.7 | 0.8 | 0.7 | 0.7 | 0.0% |
| Poland | 1.9 | 2.6 | 0.4 | 0.1 | -62.5% |
| Others | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Total | 79.6 | 78.1 | 89.0 | 93.5 | 5.5% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Ireland in 2022:
- United Kingdom (13.0K tons)
- Spain (0.8K tons)
- Netherlands (0.3K tons)
- Lithuania (0.3K tons)
- Belgium (0.2K tons)
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