Price for Frozen Boneless Cuts of Bovine Meat in Denmark - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Denmark (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Denmark (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Denmark
- Imports of Frozen Boneless Cuts of Bovine Meat in Denmark
Price for Frozen Boneless Cuts of Bovine Meat in Denmark (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $6,564 per ton in October 2023, with an increase of 5.2% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 15% against the previous month. As a result, the export price reached the peak level of $6,906 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Spain ($18,376 per ton), while the average price for exports to Hungary ($3,865 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Denmark (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $9,162 per ton in October 2023, growing by 1.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 18% against the previous month. Over the period under review, average import prices hit record highs at $10,186 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat 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 New Zealand ($16,462 per ton), while the price for Italy ($7,153 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 Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen boneless cuts of bovine meat, when their volume decreased by -21.4% to 9.7K tons. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 38%. As a result, the exports attained the peak of 12K tons, and then shrank markedly in the following year.
In value terms, exports of frozen boneless cuts of bovine meat fell modestly to $60M in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports reached the peak of $60M, leveling off in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 6.2 | 9.4 | 8.9 | 19.8% |
| Sweden | 5.5 | 4.3 | 5.0 | 7.3 | 9.9% |
| Spain | 0.7 | 2.3 | 5.6 | 7.3 | 118.5% |
| Greenland | 3.9 | 3.2 | 4.0 | 4.7 | 6.4% |
| Greece | 1.4 | 1.8 | 1.6 | 3.9 | 40.7% |
| Vietnam | 1.7 | 2.3 | 7.3 | 3.8 | 30.8% |
| Iceland | 1.3 | 0.4 | 1.7 | 3.2 | 35.0% |
| South Korea | 0.1 | 1.0 | 3.1 | 2.8 | 203.7% |
| Portugal | 0.6 | 0.5 | 2.4 | 2.6 | 63.0% |
| Hungary | N/A | 0.4 | 1.5 | 2.2 | 134.5% |
| Italy | 5.0 | 1.3 | 2.0 | 2.1 | -25.1% |
| Germany | 0.8 | 0.2 | 0.8 | 1.4 | 20.5% |
| Bulgaria | 0.6 | 0.6 | 0.3 | 1.3 | 29.4% |
| Others | 8.5 | 11.3 | 15.1 | 8.4 | -0.4% |
| Total | 30.2 | 35.8 | 59.9 | 59.8 | 25.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Denmark in 2022:
- Canada (1794.9 tons)
- Sweden (1159.8 tons)
- Spain (1053.6 tons)
- Greece (794.6 tons)
- Vietnam (633.5 tons)
- Greenland (541.5 tons)
- Hungary (463.4 tons)
- South Korea (417.2 tons)
- Portugal (374.5 tons)
- Bulgaria (355.8 tons)
- Italy (335.5 tons)
- Germany (246.5 tons)
- Iceland (218.6 tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Denmark
In 2022, the amount of frozen boneless cuts of bovine meat imported into Denmark rose modestly to 6.8K tons, with an increase of 1.5% on the previous year's figure. Over the period under review, imports, however, showed a pronounced setback.
In value terms, imports of frozen boneless cuts of bovine meat rose markedly to $50M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.6 | 14.5 | 16.9 | 21.5 | 6.9% |
| Netherlands | 5.6 | 7.3 | 9.7 | 8.8 | 16.3% |
| Germany | 6.0 | 4.1 | 3.9 | 5.8 | -1.1% |
| Uruguay | 3.7 | 2.2 | 3.4 | 3.3 | -3.7% |
| Ireland | 1.6 | 1.4 | 1.0 | 2.2 | 11.2% |
| New Zealand | 4.2 | 1.9 | 0.9 | 1.7 | -26.0% |
| Poland | 1.0 | 1.1 | 1.2 | 1.6 | 17.0% |
| United Kingdom | 1.8 | 1.9 | N/A | 0.8 | -23.7% |
| Others | 3.4 | 8.9 | 7.2 | 4.4 | 9.0% |
| Total | 44.8 | 43.4 | 44.3 | 50.1 | 3.8% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Denmark in 2022:
- Italy (3154.1 tons)
- Germany (1027.9 tons)
- Netherlands (947.5 tons)
- Ireland (576.2 tons)
- Uruguay (227.4 tons)
- Poland (185.2 tons)
- United Kingdom (153.3 tons)
- New Zealand (123.2 tons)
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