Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand - 2024
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (CIF) - 2024
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (CIF) - 2024
In January 2024, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $14,822 per ton, declining by -2.3% against the previous month. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in March 2023 an increase of 9.8% against the previous month. The import price peaked at $20,263 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat 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 -1.6% per month.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $21,440 per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2015 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From 2013 to 2021, the rate of growth in terms of prices for Cambodia amounted to +54.9% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand
After three years of growth, purchases abroad of fresh or chilled boneless cuts of bovine meat decreased by -7.3% to 3K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 50%.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $53M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 97%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 12.1 | 28.8 | 42.0 | 49.3 | 59.7% |
| Japan | 2.5 | 2.1 | 1.6 | 2.4 | -1.4% |
| Others | 1.5 | 0.6 | 0.5 | 1.1 | -9.8% |
| Total | 16.0 | 31.5 | 44.1 | 52.8 | 48.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Thailand in 2022:
- Australia (2869.7 tons)
- Japan (47.3 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand
In 2021, approx. 600 kg of fresh or chilled boneless cuts of bovine meat were exported from Thailand; remaining constant against 2020. In general, exports recorded a precipitous descent. The smallest decline of 99.9% was in 2020.
In value terms, exports of fresh or chilled boneless cuts of bovine meat amounted to $13K in 2021. Overall, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Cambodia | 1.6 | N/A | 12.9 | 183.9% | |
| Oman | 11.2 | N/A | N/A | 0% | |
| Bhutan | 12.1 | N/A | N/A | 0% | |
| Lao People's Democratic Republic | 13.1 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 38.0 | N/A | 12.9 | -41.7% | |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Thailand in 2022:
- Cambodia (600.0 kg)
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