Price for Meat of Bovine Animals; Fresh or Chilled in Norway - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Norway (CIF) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in Norway (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Norway
- Exports of Meat of Bovine Animals; Fresh or Chilled in Norway
Price for Meat of Bovine Animals; Fresh or Chilled in Norway (CIF) - 2024
The average import price for meat of bovine animals; fresh or chilled stood at $6,135 per ton in January 2024, rising by 31% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 58% month-to-month. As a result, import price attained the peak level of $12,453 per ton. From August 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($16,064 per ton), while the price for Sweden ($552 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Argentina (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Meat of Bovine Animals; Fresh or Chilled in Norway (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $16,346 per ton in 2022, picking up by 38% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 97%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($36,948 per ton), while the average price for exports to the UK totaled $11,710 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Norway
After three years of growth, supplies from abroad of meat of bovine animals; fresh or chilled decreased by -43.8% to 10K tons in 2022. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 70% against the previous year.
In value terms, imports of meat of bovine animals; fresh or chilled fell sharply to $69M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 35%.
| Import of Meat of Bovine Animals; Fresh or Chilled in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.2 | 39.4 | 60.3 | 41.7 | 31.8% |
| Namibia | 20.4 | 15.8 | 21.1 | 17.2 | -5.5% |
| Denmark | 0.2 | 2.5 | 8.6 | 6.4 | 217.5% |
| Uruguay | 4.9 | 7.5 | 3.5 | 1.5 | -32.6% |
| Lithuania | 2.8 | 3.6 | 3.3 | 0.1 | -67.1% |
| Botswana | 9.6 | 7.0 | 0.2 | N/A | -85.6% |
| Others | 1.3 | 1.4 | 3.4 | 2.3 | 20.9% |
| Total | 57.4 | 77.3 | 100 | 69.2 | 6.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Norway in 2022:
- Germany (7.5K tons)
- Namibia (1.3K tons)
- Denmark (1.2K tons)
- Uruguay (0.1K tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Norway
In 2022, exports of meat of bovine animals; fresh or chilled from Norway shrank sharply to 735 kg, reducing by -90.3% on the year before. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year.
In value terms, exports of meat of bovine animals; fresh or chilled fell significantly to $12K in 2022. Over the period under review, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 79% against the previous year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 7.0 | 0% |
| Netherlands | N/A | N/A | N/A | 5.0 | 0% |
| Germany | N/A | 36.2 | 0.9 | N/A | -97.5% |
| Sweden | 199 | 3.9 | 78.1 | N/A | -37.4% |
| Denmark | 4.2 | N/A | 10.0 | N/A | 54.3% |
| Others | 0.6 | 10.1 | 0.5 | N/A | -8.7% |
| Total | 204 | 50.2 | 89.5 | 12.0 | -61.1% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Norway in 2022:
- United Kingdom (600.0 kg)
- Netherlands (135.0 kg)
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