Price for Frozen Boneless Cuts of Bovine Meat in Turkey - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Turkey (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Turkey (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Turkey
- Exports of Frozen Boneless Cuts of Bovine Meat in Turkey
Price for Frozen Boneless Cuts of Bovine Meat in Turkey (CIF) - 2023
In December 2023, the average import price for frozen boneless cuts of bovine meat amounted to $9,758 per ton, reducing by -9.6% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 34% month-to-month. As a result, import price reached the peak level of $12,076 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($17,159 per ton), while the price for Brazil ($5,779 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Uruguay (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Turkey (FOB) - 2023
In December 2023, the average export price for frozen boneless cuts of bovine meat amounted to $10,669 per ton, surging by 10% against the previous month. Over the period under review, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in November 2023 an increase of 18% m-o-m. Over the period under review, the average export prices reached the maximum at $11,115 per ton in September 2023; however, from October 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($17,218 per ton), while the average price for exports to Malta ($6,605 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Turkey
Imports of frozen boneless cuts of bovine meat into Turkey soared to 1.7K tons in 2022, jumping by 76% compared with the previous year. Overall, imports, however, continue to indicate a deep setback.
In value terms, imports of frozen boneless cuts of bovine meat soared to $18M in 2022. Over the period under review, imports enjoyed pronounced 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 0.1 | N/A | 2.7 | 10.2 | 367.2% |
| New Zealand | 8.2 | 2.2 | 2.3 | 4.1 | -20.6% |
| Brazil | 2.3 | 1.9 | 1.6 | 2.9 | 8.0% |
| Argentina | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Poland | 3.0 | 0.3 | 0.4 | 0.3 | -53.6% |
| Ukraine | 1.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.5 | 0.9 | 0.5 | -5.9% |
| Total | 16.1 | 5.3 | 8.4 | 18.4 | 4.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Turkey in 2022:
- Uruguay (900.8 tons)
- Brazil (435.7 tons)
- New Zealand (244.9 tons)
- Poland (46.8 tons)
- Argentina (42.4 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Turkey
In 2022, the amount of frozen boneless cuts of bovine meat exported from Turkey surged to 1.5K tons, increasing by 20% compared with 2021 figures. Over the period under review, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% 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 +100.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $15M in 2022. In general, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,906 | 278 | 1,036 | 3,124 | 17.9% |
| Cyprus | 399 | 168 | 636 | 2,569 | 86.0% |
| Netherlands | 417 | 158 | 330 | 1,011 | 34.3% |
| Belgium | 365 | 110 | 245 | 786 | 29.1% |
| Liberia | 375 | 411 | 548 | 758 | 26.4% |
| Malta | 617 | 567 | 563 | 711 | 4.8% |
| Italy | 737 | 145 | 310 | 666 | -3.3% |
| Austria | 394 | 34.8 | 85.1 | 635 | 17.2% |
| Marshall Islands | 427 | 445 | 525 | 617 | 13.1% |
| France | 720 | 112 | 89.0 | 609 | -5.4% |
| Panama | 443 | 400 | 455 | 552 | 7.6% |
| Georgia | 5.9 | 2.5 | 55.5 | 450 | 324.1% |
| Egypt | 30.5 | 5.8 | 8.8 | 214 | 91.4% |
| Others | 4,796 | 2,301 | 3,468 | 1,819 | -27.6% |
| Total | 11,631 | 5,137 | 8,353 | 14,523 | 7.7% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Turkey in 2022:
- Germany (258.6 tons)
- Cyprus (237.9 tons)
- Liberia (111.6 tons)
- Malta (104.4 tons)
- Marshall Islands (94.7 tons)
- Netherlands (89.6 tons)
- Panama (80.2 tons)
- Belgium (65.2 tons)
- Italy (60.8 tons)
- Austria (54.3 tons)
- France (51.7 tons)
- Georgia (39.5 tons)
- Egypt (38.5 tons)
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