Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (CIF) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (FOB) - 2023
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (CIF) - 2023
In October 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $16,182 per ton, picking up by 138% against the previous month. In general, the import price continues to indicate a strong expansion. As a result, import price reached 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 October 2023, the country with the highest price was the United States ($22,826 per ton), while the price for Serbia ($7,747 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (FOB) - 2023
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,922 per ton in October 2023, surging by 50% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the UK ($25,429 per ton), while the average price for exports to Turkey stood at $7,002 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Italy was estimated at 168K tons, therefore, remained relatively stable against the previous year. Overall, imports, however, showed a pronounced shrinkage.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose sharply to $1.1B in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 262 | 238 | 263 | 267 | 0.6% |
Poland | 197 | 170 | 201 | 232 | 5.6% |
Netherlands | 134 | 127 | 153 | 153 | 4.5% |
Spain | 61.6 | 76.7 | 111 | 150 | 34.5% |
Germany | 82.3 | 73.2 | 78.5 | 88.5 | 2.5% |
Denmark | 28.8 | 24.4 | 35.3 | 41.2 | 12.7% |
Ireland | 27.1 | 28.0 | 34.6 | 39.2 | 13.1% |
Belgium | 31.3 | 18.1 | 22.8 | 27.9 | -3.8% |
Austria | 36.1 | 30.9 | 27.1 | 22.7 | -14.3% |
Others | 59.9 | 49.4 | 46.8 | 56.3 | -2.0% |
Total | 920 | 836 | 973 | 1,077 | 5.4% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Italy in 2022:
- France (41.6K tons)
- Poland (40.2K tons)
- Spain (23.4K tons)
- Netherlands (21.8K tons)
- Germany (14.5K tons)
- Denmark (5.7K tons)
- Belgium (4.5K tons)
- Ireland (3.9K tons)
- Austria (3.6K tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Italy reduced to 41K tons, with a decrease of -8.8% compared with 2021. Overall, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 9.4%. As a result, the exports attained the peak of 45K tons, and then fell in the following year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded significantly to $208M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 39.1 | 33.7 | 45.1 | 52.5 | 10.3% |
Netherlands | 27.3 | 31.0 | 44.9 | 45.3 | 18.4% |
Germany | 24.9 | 23.5 | 22.6 | 28.0 | 4.0% |
France | 20.4 | 17.3 | 19.9 | 24.3 | 6.0% |
Croatia | 4.2 | 5.8 | 11.3 | 15.3 | 53.9% |
Slovenia | 5.3 | 3.9 | 7.8 | 9.0 | 19.3% |
Spain | 21.1 | 11.1 | 10.6 | 8.0 | -27.6% |
Others | 17.6 | 19.9 | 25.0 | 25.4 | 13.0% |
Total | 160 | 146 | 187 | 208 | 9.1% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Italy in 2022:
- Greece (10.5K tons)
- Netherlands (10.2K tons)
- Germany (5.6K tons)
- France (4.2K tons)
- Croatia (3.4K tons)
- Slovenia (1.8K tons)
- Spain (1.1K tons)
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