Price for Meat of Bovine Animals; Fresh or Chilled in the UK - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in the UK (CIF) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in the UK (FOB) - 2023
- Imports of Meat of Bovine Animals; Fresh or Chilled in the UK
- Exports of Meat of Bovine Animals; Fresh or Chilled in the UK
Price for Meat of Bovine Animals; Fresh or Chilled in the UK (CIF) - 2023
In December 2023, the average import price for meat of bovine animals; fresh or chilled amounted to $8,058 per ton, rising by 5.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($11,178 per ton), while the price for the Netherlands ($7,171 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 Poland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in the UK (FOB) - 2023
In December 2023, the average export price for meat of bovine animals; fresh or chilled amounted to $6,469 per ton, growing by 8.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $7,280 per ton in June 2023; however, from July 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was France ($8,247 per ton), while the average price for exports to Ireland ($2,786 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 Poland (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in the UK
In 2022, approx. 147K tons of meat of bovine animals; fresh or chilled were imported into the UK; with a decrease of -14% compared with 2021. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 1% against the previous year.
In value terms, imports of meat of bovine animals; fresh or chilled contracted to $1.1B in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports attained the peak of $1.2B, and then fell in the following year.
| Import of Meat of Bovine Animals; Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 739 | 793 | 932 | 824 | 3.7% |
| Poland | 60.2 | 54.2 | 75.3 | 85.0 | 12.2% |
| Netherlands | 75.2 | 56.7 | 63.3 | 51.1 | -12.1% |
| Brazil | 5.3 | 3.4 | 15.8 | 28.8 | 75.8% |
| Others | 104 | 60.1 | 86.6 | 95.7 | -2.7% |
| Total | 984 | 968 | 1,173 | 1,085 | 3.3% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to the UK in 2022:
- Ireland (116.0K tons)
- Poland (11.7K tons)
- Netherlands (7.5K tons)
- Brazil (2.9K tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in the UK
In 2022, overseas shipments of meat of bovine animals; fresh or chilled were finally on the rise to reach 86K tons after two years of decline. Overall, exports, however, saw a pronounced decrease.
In value terms, exports of meat of bovine animals; fresh or chilled skyrocketed to $515M in 2022. In general, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Fresh or Chilled in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 65.4 | 57.3 | 110 | 146 | 30.7% |
| Netherlands | 120 | 76.2 | 59.1 | 73.0 | -15.3% |
| Ireland | 151 | 124 | 119 | 55.9 | -28.2% |
| Belgium | 13.5 | 10.4 | 11.5 | 8.9 | -13.0% |
| Italy | 42.0 | 30.5 | 16.5 | 4.0 | -54.3% |
| Germany | 17.3 | 11.6 | 10.4 | 2.1 | -50.5% |
| Hong Kong SAR | 13.8 | 6.4 | 3.3 | 1.7 | -50.2% |
| Others | 62.5 | 58.1 | 31.1 | 223 | 52.8% |
| Total | 485 | 374 | 360 | 515 | 2.0% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from the UK in 2022:
- France (21.1K tons)
- Netherlands (14.9K tons)
- Ireland (14.6K tons)
- Belgium (2.2K tons)
- Italy (0.6K tons)
- Hong Kong SAR (0.3K tons)
- Germany (0.2K tons)
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