Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Thailand - 2022

Contents:

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

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

The average export price for frozen carcasses and half-carcasses of bovine meat stood at $20,194 per ton in 2022, growing by 23% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2013 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +25.0% per year.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Thailand (CIF) - 2022

In 2020, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $7,267 per ton, jumping by 19% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The import price peaked at $9,775 per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2013 to 2020, the rate of growth in terms of prices for Australia amounted to -4.1% per year.

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

After three years of growth, shipments abroad of frozen carcasses and half-carcasses of bovine meat decreased by -76.3% to 360 kg in 2022. Overall, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 1.5 tons, and then fell dramatically in the following year.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat reduced notably to $7.3K in 2022. Over the period under review, exports showed a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $25K, and then declined rapidly in the following year.

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

1. Lao People's Democratic Republic (360.0 kg)

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

In 2020, the amount of frozen carcasses and half-carcasses of bovine meat imported into Thailand dropped sharply to 5.7 tons, declining by -52.9% on 2019. Over the period under review, imports continue to indicate a precipitous curtailment.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat shrank remarkably to $42K in 2020. In general, imports faced a sharp contraction.

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

1. Australia (5.7 tons)

Source: IndexBox Market Intelligence Platform