Price for Frozen Boneless Cuts of Bovine Meat in Norway - 2024
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Norway (CIF) - 2024
- Price for Frozen Boneless Cuts of Bovine Meat in Norway (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Norway
- Exports of Frozen Boneless Cuts of Bovine Meat in Norway
Price for Frozen Boneless Cuts of Bovine Meat in Norway (CIF) - 2024
The average import price for frozen boneless cuts of bovine meat stood at $11,392 per ton in January 2024, which is down by -21.7% against the previous month. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 46% against the previous month. The import price peaked at $19,556 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Uruguay ($14,647 per ton), while the price for Swaziland ($6,760 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Swaziland (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Norway (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $8,896 per ton, with an increase of 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26%. As a result, the export price attained the peak level of $10,621 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($17,665 per ton), while the average price for exports to Lithuania ($7,220 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 Sweden (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Norway
In 2022, imports of frozen boneless cuts of bovine meat into Norway was estimated at 3.5K tons, growing by 14% compared with the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $40M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 7.1 | 6.3 | 7.4 | 14.6 | 27.2% |
| Botswana | 5.8 | 5.5 | 7.7 | 11.6 | 26.0% |
| Namibia | 1.8 | 2.1 | 7.1 | 4.2 | 32.6% |
| Swaziland | 1.3 | 1.3 | 2.4 | 1.7 | 9.4% |
| Netherlands | 0.6 | 0.5 | 0.4 | 1.3 | 29.4% |
| Brazil | 0.7 | 0.5 | 0.5 | 1.2 | 19.7% |
| Argentina | N/A | N/A | 0.1 | 1.0 | 900.0% |
| New Zealand | 0.6 | 0.7 | 0.5 | 0.9 | 14.5% |
| Others | 2.2 | 2.6 | 4.2 | 3.9 | 21.0% |
| Total | 20.1 | 19.5 | 30.3 | 40.3 | 26.1% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Norway in 2022:
- Botswana (1174.3 tons)
- Uruguay (948.2 tons)
- Namibia (550.8 tons)
- Swaziland (263.7 tons)
- Brazil (174.4 tons)
- Netherlands (85.8 tons)
- Argentina (61.1 tons)
- New Zealand (55.2 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Norway
In 2022, the amount of frozen boneless cuts of bovine meat exported from Norway fell slightly to 58 tons, standing approx. at the previous year. Over the period under review, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 304% against the previous year. As a result, the exports attained the peak of 59 tons, leveling off in the following year.
In value terms, exports of frozen boneless cuts of bovine meat rose markedly to $519K in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 239%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 382 | 105 | 268 | 239 | -14.5% |
| Denmark | 18.0 | 8.4 | 4.6 | 141 | 98.6% |
| Lithuania | 3.9 | N/A | 182 | 77.7 | 171.1% |
| Netherlands | N/A | 21.5 | N/A | 53.7 | 58.0% |
| Uruguay | 100 | 0.4 | 5.5 | 7.5 | -57.8% |
| Others | 7.4 | 1.6 | 4.3 | 0.9 | -50.5% |
| Total | 511 | 137 | 464 | 519 | 0.5% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Norway in 2022:
- Poland (30.0 tons)
- Denmark (13.9 tons)
- Lithuania (10.8 tons)
- Netherlands (3.0 tons)
- Uruguay (0.6 tons)
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