Price for Meat of Bovine Animals; Frozen in Japan - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Japan (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Japan (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Japan
- Exports of Meat of Bovine Animals; Frozen in Japan
Price for Meat of Bovine Animals; Frozen in Japan (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $4,711 per ton in July 2023, increasing by 9% against the previous month. Over the period under review, the import price, however, continues to indicate a slight curtailment. Over the period under review, average import prices attained the maximum at $5,697 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were New Zealand ($6,104 per ton) and Poland ($5,615 per ton), while the price for Australia ($4,488 per ton) and Canada ($4,489 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Bovine Animals; Frozen in Japan (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $44,212 per ton, stabilizing at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 7.8% month-to-month. The export price peaked at $52,183 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Cambodia ($59,328 per ton), while the average price for exports to the United States ($24,257 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 Singapore (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Japan
In 2022, after two years of decline, there was significant growth in overseas purchases of meat of bovine animals; frozen, when their volume increased by 6.8% to 343K tons. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $1.9B in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 712 | 650 | 654 | 723 | 0.5% |
| United States | 446 | 480 | 447 | 622 | 11.7% |
| Canada | 123 | 104 | 158 | 201 | 17.8% |
| New Zealand | 59.1 | 71.3 | 111 | 151 | 36.7% |
| Mexico | 43.8 | 39.9 | 75.7 | 106 | 34.3% |
| Poland | 8.4 | 13.4 | 36.9 | 47.3 | 77.9% |
| Others | 9.3 | 22.2 | 29.8 | 42.4 | 65.8% |
| Total | 1,402 | 1,382 | 1,512 | 1,893 | 10.5% |
Top Suppliers of Meat of Bovine Animals; Frozen to Japan in 2022:
- Australia (132.7K tons)
- United States (111.3K tons)
- Canada (38.5K tons)
- New Zealand (24.1K tons)
- Mexico (21.1K tons)
- Poland (8.1K tons)
Exports of Meat of Bovine Animals; Frozen in Japan
After three years of growth, overseas shipments of meat of bovine animals; frozen decreased by -15.2% to 3.7K tons in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, the exports attained the peak of 4.4K tons, and then declined dramatically in the following year.
In value terms, meat of bovine animals; frozen exports dropped notably to $185M in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 90%. As a result, the exports reached the peak of $257M, and then shrank rapidly in the following year.
| Export of Meat of Bovine Animals; Frozen in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 79.6 | 72.6 | 144 | 53.9 | -12.2% |
| Hong Kong SAR | 19.0 | 23.7 | 35.7 | 33.6 | 20.9% |
| Thailand | 12.3 | 8.7 | 15.2 | 22.8 | 22.8% |
| United States | 2.9 | 3.1 | 10.6 | 17.8 | 83.1% |
| Tajikistan | 3.2 | 2.0 | 6.4 | 13.3 | 60.8% |
| Singapore | 3.0 | 5.8 | 8.6 | 8.6 | 42.1% |
| Vietnam | 3.9 | 3.2 | 5.5 | 7.6 | 24.9% |
| Taiwan (Chinese) | 5.1 | 4.6 | 6.7 | 5.2 | 0.6% |
| Macao SAR | 5.5 | 2.2 | 7.6 | 4.3 | -7.9% |
| Others | 9.0 | 9.0 | 16.8 | 17.7 | 25.3% |
| Total | 143 | 135 | 257 | 185 | 9.0% |
Top Export Markets for Meat of Bovine Animals; Frozen from Japan in 2022:
- Cambodia (905.8 tons)
- Hong Kong SAR (830.5 tons)
- Thailand (532.2 tons)
- United States (285.1 tons)
- Tajikistan (260.3 tons)
- Singapore (231.6 tons)
- Vietnam (128.6 tons)
- Taiwan (Chinese) (120.7 tons)
- Macao SAR (80.8 tons)
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