Price for Meat of Bovine Animals; Frozen in Italy - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Italy (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Italy (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Italy
- Exports of Meat of Bovine Animals; Frozen in Italy
Price for Meat of Bovine Animals; Frozen in Italy (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $7,300 per ton in July 2023, with an increase of 19% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $7,349 per ton in July 2022; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,828 per ton), while the price for Denmark ($5,216 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 Germany (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Italy (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $6,691 per ton, which is down by -5.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 6.3% m-o-m. As a result, the export price reached the peak level of $7,441 per ton. From April 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Serbia ($7,623 per ton), while the average price for exports to Belgium ($3,172 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 the UK (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Italy
Meat of bovine animals; frozen imports into Italy dropped to 47K tons in 2022, which is down by -5.5% compared with the year before. Over the period under review, imports recorded a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, meat of bovine animals; frozen imports expanded remarkably to $351M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 142 | 148 | 162 | 176 | 7.4% |
| Uruguay | 18.7 | 26.0 | 41.2 | 44.6 | 33.6% |
| Netherlands | 23.7 | 43.1 | 39.9 | 43.2 | 22.2% |
| Germany | 17.9 | 11.7 | 17.3 | 18.7 | 1.5% |
| Poland | 15.9 | 6.2 | 8.3 | 10.8 | -12.1% |
| Paraguay | 7.8 | 9.5 | 9.2 | 9.9 | 8.3% |
| France | 7.8 | 6.3 | 8.2 | 8.9 | 4.5% |
| Spain | 6.7 | 3.1 | 6.4 | 6.9 | 1.0% |
| Croatia | 0.2 | 2.1 | 4.1 | 4.4 | 180.2% |
| Denmark | 5.3 | 0.9 | 1.9 | 2.9 | -18.2% |
| Others | 22.3 | 17.9 | 19.7 | 25.5 | 4.6% |
| Total | 268 | 275 | 319 | 351 | 9.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to Italy in 2022:
- Brazil (21.4K tons)
- Uruguay (5.9K tons)
- Netherlands (4.4K tons)
- Germany (3.9K tons)
- Poland (2.4K tons)
- France (1.3K tons)
- Croatia (1.3K tons)
- Paraguay (1.2K tons)
- Spain (1.0K tons)
- Denmark (0.8K tons)
Exports of Meat of Bovine Animals; Frozen in Italy
In 2022, the amount of meat of bovine animals; frozen exported from Italy dropped markedly to 37K tons, reducing by -17.1% on 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 45K tons, and then declined markedly in the following year.
In value terms, meat of bovine animals; frozen exports totaled $259M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.2 | 26.0 | 33.6 | 38.2 | 8.1% |
| Denmark | 26.6 | 25.3 | 29.1 | 33.1 | 7.6% |
| Sweden | 9.6 | 0.6 | 17.7 | 20.1 | 27.9% |
| Germany | 8.5 | 5.9 | 16.3 | 18.6 | 29.8% |
| Canada | 2.7 | 10.5 | 14.5 | 16.5 | 82.8% |
| Greece | 8.8 | 9.5 | 13.0 | 14.8 | 18.9% |
| Finland | N/A | N/A | 11.7 | 13.3 | 13.7% |
| Angola | 8.5 | 9.4 | 10.8 | 12.3 | 13.1% |
| Belgium | 6.1 | 5.4 | 7.2 | 8.2 | 10.4% |
| Bulgaria | 8.6 | 6.6 | 5.6 | 7.7 | -3.6% |
| United Kingdom | 3.4 | 5.3 | 6.5 | 7.4 | 29.6% |
| Hong Kong SAR | 5.1 | 8.4 | 4.0 | 6.5 | 8.4% |
| Slovenia | 1.7 | 2.8 | 5.4 | 6.1 | 53.1% |
| Others | 36.7 | 30.9 | 51.1 | 56.6 | 15.5% |
| Total | 156 | 147 | 226 | 259 | 18.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Italy in 2022:
- France (5.5K tons)
- Denmark (4.4K tons)
- Sweden (2.8K tons)
- Greece (2.4K tons)
- Germany (2.3K tons)
- Canada (2.1K tons)
- Angola (1.9K tons)
- Finland (1.8K tons)
- Bulgaria (1.5K tons)
- United Kingdom (1.3K tons)
- Belgium (1.3K tons)
- Hong Kong SAR (1.2K tons)
- Slovenia (0.8K tons)
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