Price for Frozen Boneless Cuts of Bovine Meat in the Netherlands - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in the Netherlands (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in the Netherlands (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in the Netherlands
- Imports of Frozen Boneless Cuts of Bovine Meat in the Netherlands
Price for Frozen Boneless Cuts of Bovine Meat in the Netherlands (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $5,576 per ton in October 2023, dropping by -36.9% against the previous month. Over the period under review, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 13% month-to-month. The export price peaked at $8,890 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Saudi Arabia ($13,380 per ton), while the average price for exports to the Philippines ($2,996 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 Saudi Arabia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in the Netherlands (CIF) - 2023
In October 2023, the average import price for frozen boneless cuts of bovine meat amounted to $9,089 per ton, picking up by 25% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was New Zealand ($14,497 per ton), while the price for Botswana ($5,515 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 Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in the Netherlands
In 2022, the amount of frozen boneless cuts of bovine meat exported from the Netherlands contracted to 56K tons, declining by -8.4% against the previous year's figure. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports reached the peak of 61K tons, and then reduced in the following year.
In value terms, exports of frozen boneless cuts of bovine meat rose notably to $424M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 71.0 | 56.3 | 79.0 | 87.8 | 7.3% |
| France | 28.4 | 27.8 | 45.7 | 42.1 | 14.0% |
| United Kingdom | 11.7 | 18.2 | 22.4 | 41.5 | 52.5% |
| Italy | 9.5 | 33.7 | 36.5 | 31.9 | 49.7% |
| Portugal | 9.0 | 7.0 | 20.0 | 24.3 | 39.2% |
| Belgium | 16.0 | 14.5 | 20.4 | 22.0 | 11.2% |
| Sweden | 10.4 | 11.2 | 19.8 | 18.4 | 20.9% |
| Denmark | 8.1 | 8.6 | 16.1 | 14.2 | 20.6% |
| Greece | 6.5 | 4.6 | 7.5 | 11.5 | 20.9% |
| Spain | 7.4 | 6.2 | 10.6 | 11.4 | 15.5% |
| Romania | 2.3 | 3.9 | 8.1 | 10.3 | 64.8% |
| United States | 4.1 | 4.4 | 6.9 | 10.2 | 35.5% |
| Philippines | 0.1 | 1.7 | 5.5 | 4.5 | 255.7% |
| Others | 84.2 | 73.4 | 97.0 | 93.7 | 3.6% |
| Total | 269 | 271 | 395 | 424 | 16.4% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from the Netherlands in 2022:
- United Kingdom (10.7K tons)
- Germany (10.6K tons)
- France (5.1K tons)
- Italy (3.6K tons)
- Belgium (3.1K tons)
- Portugal (1.7K tons)
- Greece (1.6K tons)
- Sweden (1.6K tons)
- Philippines (1.5K tons)
- United States (1.4K tons)
- Denmark (1.4K tons)
- Spain (1.1K tons)
- Romania (1.0K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in the Netherlands
After three years of growth, purchases abroad of frozen boneless cuts of bovine meat decreased by -16.3% to 45K tons in 2022. Over the period under review, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 4.9% against the previous year. As a result, imports reached the peak of 54K tons, and then reduced rapidly in the following year.
In value terms, imports of frozen boneless cuts of bovine meat stood at $319M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 7.7% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.4 | 3.7 | 40.9 | 62.6 | 164.1% |
| Brazil | 33.1 | 48.0 | 49.4 | 57.5 | 20.2% |
| Ireland | 25.6 | 32.6 | 36.3 | 39.4 | 15.5% |
| Uruguay | 10.9 | 12.8 | 18.3 | 29.9 | 40.0% |
| Poland | 29.5 | 25.7 | 24.0 | 23.6 | -7.2% |
| Belgium | 19.0 | 15.3 | 18.5 | 23.5 | 7.3% |
| Germany | 67.7 | 54.3 | 41.0 | 17.9 | -35.8% |
| New Zealand | 12.2 | 12.8 | 10.3 | 16.4 | 10.4% |
| Spain | 14.5 | 19.9 | 20.5 | 7.6 | -19.4% |
| Romania | 4.7 | 8.1 | 10.7 | 6.0 | 8.5% |
| United Kingdom | 29.6 | 24.5 | 6.3 | 5.9 | -41.6% |
| Austria | 4.2 | 5.5 | 6.8 | 4.3 | 0.8% |
| Others | 13.9 | 18.7 | 20.7 | 24.5 | 20.8% |
| Total | 268 | 282 | 304 | 319 | 6.0% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to the Netherlands in 2022:
- France (9.1K tons)
- Ireland (6.7K tons)
- Brazil (6.6K tons)
- Poland (4.2K tons)
- Belgium (3.8K tons)
- Germany (3.0K tons)
- Uruguay (2.8K tons)
- New Zealand (1.6K tons)
- Spain (1.5K tons)
- United Kingdom (1.0K tons)
- Romania (0.9K tons)
- Austria (0.7K tons)
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