Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (CIF) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (FOB) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $23,472 per ton in November 2023, approximately equating the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 12% month-to-month. The import price peaked at $25,524 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($23,954 per ton), while the price for Mexico ($13,302 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (FOB) - 2022
In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $57,569 per ton, declining by -17.9% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 7.5% against the previous year. Over the period under review, the average export prices attained the maximum at $93,636 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($60,944 per ton), while the average price for exports to Macao SAR ($33,031 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan
In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Japan soared to 969 tons, jumping by 39% on 2021 figures. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $21M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.1 | 9.7 | 13.6 | 19.7 | 14.6% |
| Mexico | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Australia | 0.6 | 0.2 | 0.3 | 0.4 | -12.6% |
| Myanmar | N/A | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.5 | 0.5 | 0.7 | 5.3% |
| Total | 14.7 | 10.7 | 14.7 | 21.2 | 13.0% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Japan in 2022:
- United States (888.5 tons)
- Mexico (37.1 tons)
- Australia (17.5 tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan
After three years of growth, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -24.6% to 3.7 tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 909% against the previous year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell remarkably to $213K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 984% against the previous year.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 153 | 78.6 | 146 | -2.3% |
| Malaysia | 2.6 | 12.6 | 8.3 | 43.4 | 155.6% |
| Singapore | N/A | N/A | 6.4 | 21.6 | 237.5% |
| Macao SAR | N/A | N/A | N/A | 2.1 | 0% |
| United Arab Emirates | N/A | 20.1 | 209 | N/A | 939.8% |
| Taiwan (Chinese) | 4.6 | 32.9 | 18.7 | N/A | 101.6% |
| Others | 13.9 | 9.8 | 22.8 | N/A | 28.1% |
| Total | 21.0 | 228 | 344 | 213 | 116.5% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Japan in 2022:
- United States (2547.0 kg)
- Malaysia (731.0 kg)
- Singapore (355.0 kg)
- Macao SAR (64.0 kg)
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