Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (CIF) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (FOB) - 2023
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (CIF) - 2023
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,714 per ton in October 2023, approximately equating the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 an increase of 10% against the previous month. As a result, import price attained the peak level of $6,303 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the Netherlands ($6,815 per ton) and France ($6,008 per ton), while the price for Spain ($5,607 per ton) and Poland ($5,943 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (FOB) - 2023
In October 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $3,965 per ton, which is down by -1.6% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 27% month-to-month. As a result, the export price attained the peak level of $4,941 per ton. From December 2022 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($6,213 per ton), while the average price for exports to Belgium ($2,872 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 the Netherlands (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal
In 2022, purchases abroad of fresh or chilled carcasses and half-carcasses of bovine meat was finally on the rise to reach 44K tons after two years of decline. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $229M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 156 | 138 | 155 | 206 | 9.7% |
| Netherlands | 10.0 | 10.9 | 11.7 | 11.6 | 5.1% |
| Belgium | 2.3 | 3.3 | 4.6 | 4.4 | 24.1% |
| Others | 7.8 | 3.9 | 5.1 | 6.3 | -6.9% |
| Total | 177 | 156 | 176 | 229 | 9.0% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Portugal in 2022:
- Spain (41.3K tons)
- Netherlands (1.6K tons)
- Belgium (0.7K tons)
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal
In 2022, exports of fresh or chilled carcasses and half-carcasses of bovine meat from Portugal rose markedly to 4.3K tons, surging by 14% against 2021. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $18M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.8 | 8.0 | 8.3 | 11.9 | 35.3% |
| Netherlands | 3.5 | 1.7 | 1.4 | 3.2 | -2.9% |
| Belgium | 1.5 | 0.7 | 1.0 | 1.3 | -4.7% |
| France | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Others | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Total | 9.9 | 10.5 | 11.2 | 18.1 | 22.3% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Portugal in 2022:
- Spain (2901.3 tons)
- Netherlands (718.5 tons)
- Belgium (301.9 tons)
- France (278.4 tons)
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