Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (FOB) - 2023
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,408 per ton in November 2023, which is down by -9.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 14% m-o-m. Over the period under review, average import prices hit record highs at $6,158 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($9,113 per ton), while the price for Portugal ($3,605 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 the Netherlands (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (FOB) - 2023
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,195 per ton in November 2023, picking up by 28% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in January 2023 an increase of 56% m-o-m. As a result, the export price attained the peak level of $7,726 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Cuba ($12,437 per ton), while the average price for exports to Malta ($3,681 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 Malta (+7.6%), 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 Spain
Imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Spain fell markedly to 3.5K tons in 2022, with a decrease of -31.5% against the previous year. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 77%.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $21M in 2022. Overall, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 58%.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 10.7 | 4.1 | 7.1 | 6.9 | -13.6% |
| Germany | 5.3 | 2.7 | 3.9 | 5.1 | -1.3% |
| Netherlands | 2.1 | 1.3 | 2.2 | 3.8 | 21.9% |
| France | 1.6 | 0.7 | 1.5 | 1.4 | -4.4% |
| Italy | 0.9 | 0.4 | 0.8 | 1.2 | 10.1% |
| Ireland | 1.1 | 0.6 | 0.5 | 0.6 | -18.3% |
| Others | 1.5 | 1.4 | 1.9 | 1.8 | 6.3% |
| Total | 23.2 | 11.3 | 17.9 | 20.8 | -3.6% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Spain in 2022:
- Poland (2813.2 tons)
- Germany (1173.7 tons)
- Netherlands (522.6 tons)
- France (224.0 tons)
- Italy (123.2 tons)
- Ireland (41.5 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Spain declined to 3.5K tons, dropping by -13.5% against the previous year. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 117% against the previous year. As a result, the exports attained the peak of 4K tons, and then reduced in the following year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded notably to $16M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 135%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | 1,866 | 5,187 | 178.0% |
| Poland | 1.7 | 89.8 | 3,116 | 3,433 | 1164.0% |
| Germany | 1,605 | 497 | 1,000 | 1,115 | -11.4% |
| Vietnam | N/A | 179 | 110 | 972 | 133.0% |
| France | 1,029 | 303 | 514 | 804 | -7.9% |
| Portugal | 751 | 468 | 507 | 742 | -0.4% |
| Indonesia | 1,135 | 1,112 | 3,086 | 726 | -13.8% |
| Italy | 541 | 297 | 339 | 258 | -21.9% |
| Kuwait | N/A | N/A | 135 | 156 | 15.6% |
| Cote d'Ivoire | 178 | 43.6 | 33.3 | 23.0 | -49.4% |
| Others | 2,269 | 2,887 | 3,090 | 2,137 | -2.0% |
| Total | 7,510 | 5,877 | 13,796 | 15,553 | 27.5% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Spain in 2022:
- Philippines (1467.6 tons)
- Poland (489.6 tons)
- Indonesia (298.0 tons)
- France (282.3 tons)
- Vietnam (281.3 tons)
- Germany (172.4 tons)
- Portugal (147.7 tons)
- Kuwait (111.0 tons)
- Italy (89.2 tons)
- Cote d'Ivoire (16.4 tons)
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