Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (FOB) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (CIF) - 2023
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (FOB) - 2023
In November 2023, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $9,282 per ton, picking up by 18% against the previous month. Overall, the export price showed slight growth. The pace of growth was the most pronounced in October 2023 when the average export price increased by 54% m-o-m. The export price peaked in November 2023.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Italy ($15,369 per ton), while the average price for exports to Bulgaria ($5,050 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (CIF) - 2023
In October 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,867 per ton, which is down by -48.5% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 172% m-o-m. As a result, import price reached the peak level of $10,065 per ton. From May 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Ireland ($10,280 per ton), while the price for Germany ($2,846 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ireland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
For the fourth consecutive year, Denmark recorded growth in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 0.4% to 1.5K tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $10M in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greenland | 2,167 | 2,055 | 2,352 | 2,603 | 6.3% |
| South Korea | N/A | 3.4 | 1,026 | 1,854 | 2235.2% |
| Philippines | 140 | 792 | 2,073 | 1,467 | 118.8% |
| Spain | 481 | 296 | 948 | 1,378 | 42.0% |
| Finland | 106 | 504 | 767 | 886 | 102.9% |
| Iceland | 788 | 325 | 2.7 | 811 | 1.0% |
| Netherlands | 100 | 159 | 317 | 223 | 30.6% |
| Sweden | 101 | 143 | 135 | 177 | 20.6% |
| Bulgaria | 196 | 111 | 104 | 129 | -13.0% |
| Hong Kong SAR | N/A | 312 | 41.9 | N/A | -86.6% |
| Others | 524 | 351 | 820 | 852 | 17.6% |
| Total | 4,604 | 5,052 | 8,587 | 10,381 | 31.1% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Denmark in 2022:
- South Korea (387.9 tons)
- Philippines (374.0 tons)
- Greenland (257.5 tons)
- Spain (112.6 tons)
- Finland (101.4 tons)
- Iceland (63.5 tons)
- Netherlands (37.5 tons)
- Sweden (24.4 tons)
- Bulgaria (23.4 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark
In 2022, approx. 1.1K tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Denmark; falling by -9.3% against the year before. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted to $7.4M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $7.8M, and then declined in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.2 | 4.5 | 4.2 | 3.7 | -4.1% |
| Ireland | 1.2 | 0.6 | 1.5 | 1.2 | 0.0% |
| Poland | 0.1 | 0.2 | 0.4 | 0.8 | 100.0% |
| Germany | 0.3 | 0.1 | 0.3 | 0.8 | 38.7% |
| Sweden | N/A | N/A | 0.8 | 0.5 | -37.5% |
| Italy | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Austria | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Others | 0.1 | 0.4 | 0.1 | 0.1 | 0.0% |
| Total | 6.2 | 6.1 | 7.8 | 7.4 | 6.1% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Denmark in 2022:
- Netherlands (383.4 tons)
- Ireland (336.9 tons)
- Poland (185.0 tons)
- Sweden (87.9 tons)
- Germany (76.2 tons)
- Austria (25.0 tons)
- Italy (18.7 tons)
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