Price for Frozen Boneless Cuts of Bovine Meat in Finland - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Finland (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Finland (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Finland
- Exports of Frozen Boneless Cuts of Bovine Meat in Finland
Price for Frozen Boneless Cuts of Bovine Meat in Finland (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $7,477 per ton in September 2023, standing approximately at the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 7.2% m-o-m. The import price peaked at $8,381 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($12,167 per ton), while the price for Germany ($5,787 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Finland (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $12,413 per ton in August 2023, jumping by 94% against the previous month. In general, the export price showed strong growth. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 214% against the previous month. As a result, the export price attained the peak level of $18,124 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($12,993 per ton), while the average price for exports to Estonia amounted to $7,649 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.9%).
Imports of Frozen Boneless Cuts of Bovine Meat in Finland
In 2022, the amount of frozen boneless cuts of bovine meat imported into Finland expanded slightly to 5.5K tons, with an increase of 2% against the previous year's figure. Overall, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 7.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen boneless cuts of bovine meat rose sharply to $36M in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.1 | N/A | 11.7 | 19.8 | 482.8% |
| Poland | 22.2 | 22.2 | 12.0 | 5.8 | -36.1% |
| Netherlands | 2.5 | 1.5 | 2.4 | 3.0 | 6.3% |
| Germany | 3.2 | 2.9 | 2.3 | 1.6 | -20.6% |
| Sweden | 4.4 | 4.0 | 1.2 | 1.4 | -31.7% |
| Lithuania | 1.4 | 1.1 | 0.9 | 1.3 | -2.4% |
| Ireland | 0.6 | 0.6 | 0.5 | 1.2 | 26.0% |
| Estonia | 0.2 | 0.5 | 0.8 | 0.8 | 58.7% |
| Others | 1.0 | 1.0 | 1.2 | 1.2 | 6.3% |
| Total | 35.4 | 33.8 | 33.1 | 36.1 | 0.7% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Finland in 2022:
- Italy (2881.2 tons)
- Poland (1038.2 tons)
- Netherlands (365.6 tons)
- Germany (267.6 tons)
- Lithuania (225.6 tons)
- Estonia (191.0 tons)
- Ireland (185.8 tons)
- Sweden (161.3 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Finland
In 2022, overseas shipments of frozen boneless cuts of bovine meat were finally on the rise to reach 245 tons after two years of decline. Overall, exports, however, continue to indicate a sharp setback.
In value terms, exports of frozen boneless cuts of bovine meat surged to $1.7M in 2022. In general, exports, however, faced a significant curtailment.
| Export of Frozen Boneless Cuts of Bovine Meat in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4,300 | 1,458 | 641 | 1,426 | -30.8% |
| Denmark | 215 | 158 | 270 | 165 | -8.4% |
| Estonia | 524 | 155 | 95.1 | 91.5 | -44.1% |
| Others | 173 | 25.7 | N/A | N/A | -85.1% |
| Total | 5,212 | 1,796 | 1,005 | 1,683 | -31.4% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Finland in 2022:
- Sweden (209.9 tons)
- Denmark (19.0 tons)
- Estonia (15.7 tons)
835
This report provides an in-depth analysis of the beef market in Finland.
802
This report provides an in-depth analysis of the beef market in Finland.
4332
This report provides an in-depth analysis of the global beef market.
991
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
347
This report provides an in-depth analysis of the frozen beef carcase market in Finland.
542
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
575
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
792
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1835
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1336
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3996
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1754
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2005
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1108
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1273
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
