Price for Frozen Boneless Cuts of Bovine Meat in Greece - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Greece (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Greece (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Greece
- Exports of Frozen Boneless Cuts of Bovine Meat in Greece
Price for Frozen Boneless Cuts of Bovine Meat in Greece (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $5,338 per ton in October 2023, with a decrease of -3.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 10% month-to-month. As a result, import price reached the peak level of $6,772 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Lithuania ($6,224 per ton) and Ireland ($6,093 per ton), while the price for Italy ($4,488 per ton) and Denmark ($4,505 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Argentina (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Greece (FOB) - 2023
In October 2023, the average export price for frozen boneless cuts of bovine meat amounted to $8,822 per ton, surging by 17% against the previous month. Over the period under review, export price indicated tangible growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for frozen boneless cuts of bovine meat decreased by -8.6% against August 2023 indices. The pace of growth was the most pronounced in August 2023 an increase of 60% month-to-month. As a result, the export price attained the peak level of $9,657 per ton. From September 2023 to October 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 Portugal ($19,940 per ton), while the average price for exports to Panama ($4,364 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 Albania (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Greece
In 2022, imports of frozen boneless cuts of bovine meat into Greece soared to 12K tons, picking up by 31% against 2021 figures. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat surged to $66M in 2022. Overall, imports continue to indicate prominent growth. 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 Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.9 | 9.2 | 14.1 | 14.6 | 13.8% |
| Poland | 7.3 | 3.4 | 4.2 | 12.1 | 18.3% |
| Netherlands | 5.7 | 3.4 | 7.1 | 9.8 | 19.8% |
| Lithuania | 2.6 | 2.6 | 3.8 | 6.9 | 38.4% |
| Belgium | 2.8 | 0.8 | 2.2 | 4.3 | 15.4% |
| Denmark | 1.6 | 2.1 | 2.3 | 4.2 | 37.9% |
| Argentina | 1.1 | 0.7 | 1.4 | 4.2 | 56.3% |
| France | 2.5 | 1.7 | 2.6 | 3.0 | 6.3% |
| Botswana | 1.1 | 0.8 | 0.3 | 1.2 | 2.9% |
| Ireland | 2.8 | 0.9 | 0.6 | 1.0 | -29.1% |
| Portugal | N/A | N/A | N/A | 0.7 | 0% |
| Bulgaria | 2.1 | 2.2 | 0.3 | 0.1 | -63.8% |
| United Kingdom | 2.4 | 1.2 | N/A | N/A | -50.0% |
| Others | 1.5 | 2.0 | 3.7 | 3.9 | 37.5% |
| Total | 43.4 | 30.9 | 42.6 | 66.0 | 15.0% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Greece in 2022:
- Italy (2736.9 tons)
- Poland (1801.7 tons)
- Netherlands (1208.4 tons)
- Argentina (1064.3 tons)
- Portugal (1049.7 tons)
- Lithuania (1007.6 tons)
- Denmark (784.6 tons)
- Belgium (634.9 tons)
- France (525.6 tons)
- Botswana (215.5 tons)
- Ireland (188.3 tons)
- Bulgaria (24.9 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Greece
Exports of frozen boneless cuts of bovine meat from Greece skyrocketed to 783 tons in 2022, jumping by 43% against the previous year. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat surged to $4.4M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. 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 Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.0 | 98.2 | 22.7 | 1,774 | 607.9% |
| Portugal | N/A | 4.4 | 4.8 | 763 | 1216.8% |
| Cyprus | 256 | 351 | 487 | 680 | 38.5% |
| Albania | 104 | 105 | 202 | 210 | 26.4% |
| Bulgaria | 23.3 | 7.9 | 570 | 188 | 100.6% |
| Turkey | 141 | 95.9 | 209 | 183 | 9.1% |
| Romania | 13.9 | 78.9 | 145 | 88.8 | 85.6% |
| Poland | 112 | N/A | 0.2 | 17.2 | -46.4% |
| Kosovo | N/A | N/A | 33.7 | N/A | 0% |
| Others | 292 | 273 | 591 | 447 | 15.3% |
| Total | 947 | 1,015 | 2,265 | 4,351 | 66.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Greece in 2022:
- Italy (346.6 tons)
- Portugal (164.3 tons)
- Cyprus (89.8 tons)
- Bulgaria (37.5 tons)
- Turkey (29.6 tons)
- Albania (28.1 tons)
- Romania (20.4 tons)
- Poland (3.9 tons)
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