Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland (CIF) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland (CIF) - 2023

In December 2023, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,277 per ton, surging by 3.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 40% m-o-m. As a result, import price attained the peak level of $8,444 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was France ($7,328 per ton), while the price for Germany ($4,926 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland (FOB) - 2022

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $11,521 per ton, growing by 62% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat increased by +93.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +3.5% per year.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland

In 2022, purchases abroad of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -9.4% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of 12K tons, and then declined in the following year.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat totaled $63M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +76.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Switzerland in 2022:

1. Germany (5.9K tons)
2. Austria (4.9K tons)
3. France (0.3K tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Switzerland

In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat, when their volume decreased by -98.2% to 165 kg. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 272%. As a result, the exports reached the peak of 9.4 tons, and then shrank rapidly in the following year.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat contracted sharply to $1.9K in 2022. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 309% against the previous year. As a result, the exports attained the peak of $66K, and then contracted rapidly in the following year.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Switzerland in 2022:

1. Germany (165.0 kg)

Source: IndexBox Market Intelligence Platform