Price for Frozen Boneless Cuts of Bovine Meat in France - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in France (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in France (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in France
- Exports of Frozen Boneless Cuts of Bovine Meat in France
Price for Frozen Boneless Cuts of Bovine Meat in France (CIF) - 2023
In October 2023, the average import price for frozen boneless cuts of bovine meat amounted to $5,101 per ton, declining by -21.5% against the previous month. In general, the import price showed a slight setback. The growth pace was the most rapid in November 2022 an increase of 6.5% month-to-month. The import price peaked at $6,669 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Uruguay ($5,754 per ton), while the price for the UK ($4,768 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 Belgium (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in France (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $6,098 per ton in 2022, increasing by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($10,019 per ton), while the average price for exports to Cyprus ($1,148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in France
In 2022, the amount of frozen boneless cuts of bovine meat imported into France surged to 87K tons, with an increase of 30% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat soared to $522M in 2022. Over the period under review, imports showed a resilient increase. 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 69.5 | 68.0 | 70.0 | 116 | 18.6% |
| Poland | 52.3 | 53.8 | 64.7 | 109 | 27.7% |
| Netherlands | 36.2 | 36.1 | 57.6 | 85.6 | 33.2% |
| Germany | 59.7 | 40.2 | 38.1 | 81.7 | 11.0% |
| Italy | 25.0 | 20.8 | 27.5 | 38.1 | 15.1% |
| Spain | 27.0 | 20.3 | 23.7 | 35.4 | 9.4% |
| United Kingdom | 9.3 | 9.5 | 15.8 | 23.2 | 35.6% |
| Others | 28.5 | 16.1 | 19.6 | 33.3 | 5.3% |
| Total | 308 | 265 | 317 | 522 | 19.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to France in 2022:
- Ireland (18.8K tons)
- Poland (18.6K tons)
- Germany (13.7K tons)
- Netherlands (13.5K tons)
- Italy (5.7K tons)
- Spain (5.6K tons)
- United Kingdom (5.0K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in France
In 2022, overseas shipments of frozen boneless cuts of bovine meat decreased by -2.9% to 23K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of 23K tons, and then reduced slightly in the following year.
In value terms, exports of frozen boneless cuts of bovine meat surged to $137M in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 78%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Frozen Boneless Cuts of Bovine Meat in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.0 | 2.0 | 34.6 | 57.4 | 206.2% |
| Belgium | 21.7 | 18.8 | 24.7 | 30.6 | 12.1% |
| Italy | 4.1 | 3.6 | 5.0 | 7.5 | 22.3% |
| Portugal | 1.9 | 1.3 | 3.2 | 5.9 | 45.9% |
| Germany | 3.9 | 7.2 | 6.1 | 4.9 | 7.9% |
| Sweden | 0.9 | 1.3 | 6.1 | 4.8 | 74.7% |
| Spain | 2.4 | 1.6 | 4.4 | 4.7 | 25.1% |
| United Kingdom | 2.6 | 1.9 | 3.3 | 2.2 | -5.4% |
| Greece | 3.3 | 1.9 | 2.0 | 1.9 | -16.8% |
| Poland | 0.8 | 0.6 | 1.8 | 1.1 | 11.2% |
| Cote d'Ivoire | 0.8 | 0.4 | 0.5 | 0.8 | 0.0% |
| Cyprus | 0.3 | 0.4 | 0.3 | 0.6 | 26.0% |
| Hong Kong SAR | 1.3 | 1.8 | 1.5 | 0.2 | -46.4% |
| Others | 12.0 | 17.7 | 13.9 | 14.6 | 6.8% |
| Total | 58.1 | 60.6 | 108 | 137 | 33.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from France in 2022:
- Netherlands (8.8K tons)
- Belgium (4.7K tons)
- Germany (1.2K tons)
- Italy (1.1K tons)
- Spain (0.9K tons)
- Sweden (0.8K tons)
- Portugal (0.6K tons)
- Cyprus (0.5K tons)
- Poland (0.4K tons)
- United Kingdom (0.4K tons)
- Cote d'Ivoire (0.4K tons)
- Greece (0.3K tons)
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