Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal (CIF) - 2023
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal (FOB) - 2022
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal (CIF) - 2023

In October 2023, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $5,652 per ton, falling by -5.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 37% against the previous month. The import price peaked at $6,409 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($5,902 per ton), while the price for Spain totaled $5,639 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.9%).

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal (FOB) - 2022

The average export price for frozen carcasses and half-carcasses of bovine meat stood at $3,607 per ton in 2022, shrinking by -36.4% against the previous year. Over the period under review, the export price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2013 an increase of 178% against the previous year. The export price peaked at $9,173 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +8.4% per year.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal

Imports of frozen carcasses and half-carcasses of bovine meat into Portugal soared to 550 tons in 2022, with an increase of 98% on 2021 figures. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat soared to $2.5M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 179%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Portugal in 2022:

1. Spain (444.8 tons)
2. Netherlands (87.9 tons)
3. Ireland (16.8 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Portugal

For the third consecutive year, Portugal recorded decline in shipments abroad of frozen carcasses and half-carcasses of bovine meat, which decreased by -73.8% to 211 kg in 2022. Overall, exports faced a precipitous descent.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat declined dramatically to $761 in 2022. In general, exports saw a dramatic downturn. The smallest decline of -83.2% was in 2020.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Portugal in 2022:

1. Timor-Leste (211.0 kg)

Source: IndexBox Market Intelligence Platform