Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (FOB) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (CIF) - 2023
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (FOB) - 2023
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,779 per ton in November 2023, increasing by 10% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 32% against the previous month. The export price peaked at $4,630 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Germany ($10,543 per ton), while the average price for exports to Jamaica ($1,753 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 Senegal (+21.9%), 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 Ireland (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,542 per ton in November 2023, approximately mirroring the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.2%. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 27% month-to-month. As a result, import price attained the peak level of $7,542 per ton; afterwards, it flattened through to November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the UK ($8,814 per ton) and the Netherlands ($8,191 per ton), while the price for Poland ($7,125 per ton) and Bulgaria ($7,175 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), 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 Ireland
In 2022, approx. 11K tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were exported from Ireland; leveling off at 2021 figures. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose significantly to $42M in 2022. Overall, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 24%.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 9.5 | 10.7 | 17.5 | 18.0 | 23.7% |
| Germany | 0.1 | 0.2 | 0.8 | 5.1 | 270.8% |
| Hong Kong SAR | 18.0 | 2.2 | 9.4 | 3.2 | -43.8% |
| Canada | 0.5 | 0.4 | 0.9 | 2.7 | 75.4% |
| Japan | 1.7 | 4.3 | 1.6 | 2.0 | 5.6% |
| Jamaica | 0.1 | 0.7 | 1.8 | 1.9 | 166.8% |
| France | 7.2 | 5.3 | 0.1 | 1.4 | -42.1% |
| United Kingdom | 3.2 | 3.5 | 1.7 | 1.3 | -25.9% |
| Ghana | 0.3 | N/A | 0.4 | 0.8 | 38.7% |
| Netherlands | 4.6 | 2.1 | 0.6 | 0.8 | -44.2% |
| South Africa | 0.1 | N/A | 0.2 | 0.5 | 71.0% |
| Cote d'Ivoire | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 3.2 | 1.3 | 2.9 | 4.2 | 9.5% |
| Total | 48.4 | 30.8 | 38.1 | 42.1 | -4.5% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Ireland in 2022:
- Philippines (5467.7 tons)
- Jamaica (952.7 tons)
- Hong Kong SAR (800.7 tons)
- Germany (624.4 tons)
- Ghana (537.7 tons)
- Canada (469.2 tons)
- Japan (363.1 tons)
- United Kingdom (328.3 tons)
- France (321.4 tons)
- Cote d'Ivoire (237.7 tons)
- South Africa (175.9 tons)
- Netherlands (124.7 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland
In 2022, approx. 196 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Ireland; dropping by -17.7% on the previous year's figure. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 238 tons, and then fell remarkably in the following year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell remarkably to $1.1M in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, imports attained the peak of $1.6M, and then reduced notably in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 725 | 770 | 807 | 661 | -3.0% |
| United Kingdom | 762 | 65.7 | 738 | 326 | -24.6% |
| Bulgaria | N/A | N/A | 15.9 | 117 | 635.8% |
| Netherlands | 1.7 | 12.7 | 1.0 | 19.5 | 125.5% |
| Others | 0.3 | N/A | 0.5 | 6.3 | 175.9% |
| Total | 1,489 | 849 | 1,562 | 1,130 | -8.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Ireland in 2022:
- Poland (124.3 tons)
- United Kingdom (47.0 tons)
- Bulgaria (21.9 tons)
- Netherlands (5.8 tons)
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