Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France - 2023

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (CIF) - 2023
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (FOB) - 2023
3. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France
4. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (CIF) - 2023

In November 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,352 per ton, dropping by -7.8% against the previous month. In general, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in July 2023 an increase of 61% against the previous month. Over the period under review, average import prices attained the maximum at $9,068 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,565 per ton), while the price for Spain ($2,311 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced a decline.

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France (FOB) - 2023

The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $13,978 per ton in November 2023, surging by 32% against the previous month. Over the period under review, the export price showed a slight expansion. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 36% against the previous month. Over the period under review, the average export prices reached the peak figure in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($22,453 per ton), while the average price for exports to Spain ($7,584 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 the United States (+11.8%), 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 France

In 2022, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into France shrank to 2.2K tons, with a decrease of -11.3% compared with 2021. Overall, imports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports attained the peak of 2.4K tons, and then shrank in the following year.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded remarkably to $12M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to France in 2022:

1. Netherlands (1255.8 tons)
2. Spain (301.5 tons)
3. Germany (264.9 tons)
4. Italy (79.8 tons)
5. Belgium (67.6 tons)
6. Poland (63.9 tons)
7. United Kingdom (58.7 tons)

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in France

In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from France dropped remarkably to 1.1K tons, which is down by -16.8% compared with 2021. Overall, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then reduced remarkably in the following year.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reached $5M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 73%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from France in 2022:

1. Vietnam (318.9 tons)
2. Spain (259.1 tons)
3. Israel (145.5 tons)
4. Japan (52.9 tons)
5. Philippines (51.5 tons)
6. Cote d'Ivoire (37.4 tons)
7. Netherlands (30.7 tons)
8. Hong Kong SAR (24.7 tons)
9. Guinea (24.6 tons)
10. Belgium (16.7 tons)

Source: IndexBox Market Intelligence Platform