Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK (CIF) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK (FOB) - 2023
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK (CIF) - 2023
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,352 per ton in November 2023, approximately reflecting the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 16% against the previous month. Over the period under review, average import prices hit record highs at $4,777 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ireland.
From November 2022 to November 2023, the rate of growth in terms of prices for Ireland amounted to +0.9% per month.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK (FOB) - 2023
In November 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $3,886 per ton, increasing by 2.1% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 6.1% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,408 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In November 2023, the highest price was recorded for prices to Ireland ($4,080 per ton) and France ($3,970 per ton), while the average price for exports to Belgium ($3,527 per ton) and Poland ($3,811 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK
In 2022, overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -12.3% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. As a result, imports attained the peak of 29K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat declined remarkably to $92M in 2022. Overall, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $122M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 91.3 | 108 | 95.5 | 90.9 | -0.1% |
| Poland | 7.3 | 10.4 | 14.3 | 0.3 | -65.5% |
| Others | 2.1 | 3.5 | 2.0 | 0.7 | -30.7% |
| Total | 101 | 122 | 112 | 91.9 | -3.1% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to the UK in 2022:
- Ireland (21.1K tons)
- Poland (0.1K tons)
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in the UK
After two years of decline, shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat increased by 75% to 23K tons in 2022. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 soared to $85M in 2022. Over the period under review, exports saw a prominent increase. As a result, the exports attained 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 1.4 | 9.1 | 38.2 | 625.6% |
| Netherlands | 41.1 | 19.3 | 10.4 | 27.4 | -12.6% |
| Belgium | 6.5 | 6.0 | 8.1 | 7.9 | 6.7% |
| Ireland | 4.7 | 13.8 | 11.9 | 6.6 | 12.0% |
| Poland | 2.6 | 2.2 | 2.2 | 2.8 | 2.5% |
| Others | 2.7 | 1.3 | 0.9 | 2.5 | -2.5% |
| Total | 57.7 | 44.0 | 42.5 | 85.4 | 14.0% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from the UK in 2022:
- France (9.3K tons)
- Netherlands (6.9K tons)
- Ireland (3.0K tons)
- Belgium (2.1K tons)
- Poland (0.8K tons)
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