Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (CIF) - 2023
In October 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,556 per ton, dropping by -16.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 35% month-to-month. As a result, import price attained the peak level of $6,725 per ton. From June 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 Estonia ($6,584 per ton), while the price for the Netherlands ($4,234 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 Sweden (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,596 per ton in 2022, picking up by 2.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 1,284% against the previous year. As a result, the export price reached the peak level of $79,006 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($10,690 per ton), while the average price for exports to Sweden amounted to $6,401 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
In 2022, approx. 1.2K tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Finland; growing by 37% on the previous year's figure. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 110%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $5.9M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 124% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,000 | 228 | 189 | 4,107 | 60.1% |
| Netherlands | 186 | 122 | 23.0 | 426 | 31.8% |
| Germany | 242 | 23.1 | 431 | 420 | 20.2% |
| Denmark | 243 | 121 | 881 | 331 | 10.9% |
| Estonia | 250 | 839 | 1,537 | 326 | 9.3% |
| Sweden | 9.0 | 134 | 356 | 225 | 192.4% |
| Lithuania | 321 | 86.0 | 58.2 | 4.7 | -75.5% |
| Others | 169 | 22.1 | 59.0 | 83.5 | -20.9% |
| Total | 2,419 | 1,575 | 3,534 | 5,924 | 34.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Finland in 2022:
- Poland (810.1 tons)
- Netherlands (82.2 tons)
- Denmark (74.2 tons)
- Germany (67.3 tons)
- Estonia (63.7 tons)
- Sweden (42.8 tons)
- Lithuania (0.8 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
In 2022, shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -12.3% to 3.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 856% against the previous year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell to $23K in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 17.8 | 20.4 | 25.5 | 21.2 | 6.0% |
| Estonia | 10.4 | N/A | N/A | 1.7 | -45.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.1 | 20.4 | 25.5 | 22.9 | -6.6% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Finland in 2022:
- Sweden (3.3 tons)
- Estonia (0.2 tons)
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