Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand - 2023
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (FOB) - 2022
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (CIF) - 2022
- Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (FOB) - 2022
The average export price for frozen carcasses and half-carcasses of bovine meat stood at $2,611 per ton in 2022, picking up by 2.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $3,615 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was French Polynesia ($3,357 per ton), while the average price for exports to China ($2,531 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 Jordan (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (CIF) - 2022
In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $2,390 per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,188 per ton), while the price for Australia amounted to $1,875 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+117.1%).
Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand
In 2022, the amount of frozen carcasses and half-carcasses of bovine meat exported from New Zealand soared to 1.5K tons, with an increase of 26% compared with 2021. In general, exports, however, showed a sharp setback.
In value terms, exports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $3.9M in 2022. Overall, exports, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 30%.
| Export of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 2.1 | 2.6 | 3.4 | -31.8% |
| French Polynesia | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Jordan | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 11.3 | 2.4 | 3.1 | 3.9 | -29.9% |
Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from New Zealand in 2022:
- China (1329.3 tons)
- French Polynesia (142.0 tons)
- Jordan (26.5 tons)
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand
In 2022, the amount of frozen carcasses and half-carcasses of bovine meat imported into New Zealand contracted significantly to 16 tons, waning by -50% on the previous year. In general, imports showed a precipitous descent.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat contracted notably to $38K in 2022. Over the period under review, imports recorded a sharp decline.
| Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Australia | N/A | 25.1 | 0% | ||
| United Kingdom | 75.7 | 12.8 | -83.1% | ||
| Others | N/A | N/A | 0% | ||
| Total | 75.7 | 37.8 | -50.1% | ||
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to New Zealand in 2022:
- Australia (13.4 tons)
- United Kingdom (2.5 tons)
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