Price for Frozen Boneless Cuts of Bovine Meat in Israel - 2023

Contents:

1. Price for Frozen Boneless Cuts of Bovine Meat in Israel (CIF) - 2022
2. Price for Frozen Boneless Cuts of Bovine Meat in Israel (FOB) - 2023
3. Imports of Frozen Boneless Cuts of Bovine Meat in Israel
4. Exports of Frozen Boneless Cuts of Bovine Meat in Israel

Price for Frozen Boneless Cuts of Bovine Meat in Israel (CIF) - 2022

In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $7,040 per ton, picking up by 32% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($7,040 per ton) and Poland ($7,040 per ton), while the price for Uruguay ($7,040 per ton) and Malta ($7,040 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Boneless Cuts of Bovine Meat in Israel (FOB) - 2023

The average export price for frozen boneless cuts of bovine meat stood at $5,743 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level of $5,743 per ton, leveling off in the following month.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From August 2023 to September 2023, the rate of growth in terms of prices for Paraguay amounted to 0.0% per month.

Imports of Frozen Boneless Cuts of Bovine Meat in Israel

Imports of frozen boneless cuts of bovine meat into Israel declined to 99K tons in 2022, shrinking by -8% compared with the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of 108K tons, and then reduced in the following year.

In value terms, imports of frozen boneless cuts of bovine meat surged to $696M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +74.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Israel in 2022:

1. Uruguay (24.5K tons)
2. Brazil (24.3K tons)
3. Argentina (17.6K tons)
4. Paraguay (16.2K tons)
5. Poland (6.5K tons)
6. United States (4.7K tons)
7. Malta (3.2K tons)

Exports of Frozen Boneless Cuts of Bovine Meat in Israel

Exports of frozen boneless cuts of bovine meat from Israel soared to 55 tons in 2022, with an increase of 186% compared with the previous year's figure. Over the period under review, exports, however, recorded a sharp curtailment.

In value terms, exports of frozen boneless cuts of bovine meat surged to $260K in 2022. Overall, exports, however, showed a significant decline.

Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Israel in 2022:

1. Paraguay (39.5 tons)
2. United Kingdom (16.0 tons)

Source: IndexBox Market Intelligence Platform