Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Norway - 2024
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (CIF) - 2024
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (CIF) - 2024
In January 2024, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $13,296 per ton, with an increase of 8.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 18% against the previous month. Over the period under review, average import prices attained the peak figure at $15,248 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Argentina ($16,064 per ton), while the price for Swaziland ($7,212 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 Argentina (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $11,710 per ton, falling by -2.7% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2018 an increase of 619%. Over the period under review, the average export prices hit record highs at $12,370 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +10.0% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway
For the third year in a row, Norway recorded decline in overseas purchases of fresh or chilled boneless cuts of bovine meat, which decreased by -25% to 1.5K tons in 2022. In general, imports saw a deep downturn. The smallest decline of -0.1% was in 2020.
In value terms, imports of fresh or chilled boneless cuts of bovine meat dropped notably to $20M in 2022. Overall, imports faced a abrupt contraction. The smallest decline of -12.1% was in 2020.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 20.4 | 15.8 | 21.1 | 17.2 | -5.5% |
| Uruguay | 4.9 | 7.5 | 3.5 | 1.5 | -32.6% |
| Swaziland | 0.8 | 1.0 | 1.5 | 1.0 | 7.7% |
| Botswana | 9.6 | 7.0 | 0.2 | N/A | -85.6% |
| Others | N/A | N/A | 1.0 | 0.2 | -80.0% |
| Total | 35.8 | 31.4 | 27.4 | 19.8 | -17.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Norway in 2022:
- Namibia (1301.7 tons)
- Swaziland (92.8 tons)
- Uruguay (84.6 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway
In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Norway dropped dramatically to 600 kg, reducing by -96.4% against the previous year's figure. In general, exports saw a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 1,792%.
In value terms, exports of fresh or chilled boneless cuts of bovine meat fell significantly to $7K in 2022. Over the period under review, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 2,124%.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 7.0 | 0% |
| Sweden | 40.9 | 1.3 | 79.6 | N/A | 39.5% |
| Finland | N/A | N/A | 39.8 | N/A | 0% |
| Indonesia | 26.9 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 90.8 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 1.7 | N/A | 0% |
| Others | 45.4 | 7.8 | 80.3 | N/A | 33.0% |
| Total | 204 | 9.1 | 202 | 7.0 | -67.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Norway in 2022:
- United Kingdom (600.0 kg)
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