Price for Meat of Bovine Animals; Frozen in Ireland - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Ireland (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Ireland (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Ireland
- Imports of Meat of Bovine Animals; Frozen in Ireland
Price for Meat of Bovine Animals; Frozen in Ireland (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $5,956 per ton, dropping by -1.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 9.9% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,245 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Germany ($8,550 per ton), while the average price for exports to Ghana ($1,768 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Ireland (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,123 per ton in July 2023, dropping by -3.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 19% m-o-m. Over the period under review, average import prices reached the maximum at $6,353 per ton in June 2023, and then contracted modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($6,579 per ton), while the price for Germany ($1,112 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Denmark (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Ireland
For the fourth consecutive year, Ireland recorded growth in shipments abroad of meat of bovine animals; frozen, which increased by 2.8% to 131K tons in 2022. The total export volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, meat of bovine animals; frozen exports surged to $752M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Meat of Bovine Animals; Frozen in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 118 | 167 | 233 | 322 | 39.7% |
| France | 23.5 | 25.0 | 72.6 | 131 | 77.3% |
| Sweden | 8.7 | 7.1 | 46.4 | 55.5 | 85.5% |
| Philippines | 42.0 | 43.2 | 50.6 | 50.0 | 6.0% |
| Germany | 4.6 | 6.8 | 15.7 | 34.4 | 95.6% |
| Netherlands | 12.9 | 12.5 | 18.3 | 24.0 | 23.0% |
| Japan | 3.2 | 12.2 | 16.5 | 17.2 | 75.2% |
| Canada | 5.4 | 12.6 | 15.3 | 16.9 | 46.3% |
| Spain | 4.9 | 2.7 | 13.0 | 14.3 | 42.9% |
| United States | 21.4 | 38.1 | 31.4 | 12.9 | -15.5% |
| Hong Kong SAR | 30.0 | 26.0 | 33.8 | 7.8 | -36.2% |
| Ghana | 1.7 | 2.7 | 0.8 | 4.4 | 37.3% |
| China | 42.8 | 25.7 | 0.8 | 0.4 | -78.9% |
| Others | 24.1 | 23.3 | 43.7 | 60.5 | 35.9% |
| Total | 343 | 405 | 592 | 752 | 29.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Ireland in 2022:
- United Kingdom (51.5K tons)
- France (20.0K tons)
- Philippines (13.4K tons)
- Sweden (9.8K tons)
- Germany (4.6K tons)
- Netherlands (4.0K tons)
- Spain (4.0K tons)
- Ghana (2.6K tons)
- Canada (2.4K tons)
- Japan (2.2K tons)
- United States (1.8K tons)
- Hong Kong SAR (1.7K tons)
- China (0.1K tons)
Imports of Meat of Bovine Animals; Frozen in Ireland
In 2022, imports of meat of bovine animals; frozen into Ireland contracted to 7.9K tons, shrinking by -13.5% compared with 2021 figures. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports reached the peak of 9.2K tons, and then declined in the following year.
In value terms, meat of bovine animals; frozen imports rose to $48M in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Meat of Bovine Animals; Frozen in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 18.4 | 16.4 | 38.2 | 43.3 | 33.0% |
| Spain | 0.5 | 2.0 | 2.8 | 3.1 | 83.7% |
| Poland | 0.7 | 0.8 | 0.8 | 0.7 | 0.0% |
| Denmark | N/A | 0.3 | 1.0 | 0.6 | 41.4% |
| Netherlands | 1.3 | 3.2 | 2.3 | 0.3 | -38.7% |
| Others | 0.2 | 0.3 | 0.8 | 0.2 | 0.0% |
| Total | 21.2 | 23.1 | 45.9 | 48.1 | 31.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to Ireland in 2022:
- United Kingdom (6.9K tons)
- Spain (0.6K tons)
- Denmark (0.2K tons)
- Netherlands (0.1K tons)
- Poland (0.1K tons)
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