Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (FOB) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (CIF) - 2023
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $7,919 per ton in October 2023, which is down by -13.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 7.1% m-o-m. The export price peaked at $9,871 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for France amounted to +2.4% per month.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $15,189 per ton in October 2023, increasing by 27% against the previous month. In general, import price indicated a strong expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for fresh or chilled boneless cuts of bovine meat increased by +41.5% against August 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($21,338 per ton), while the price for Argentina ($9,247 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 Netherlands (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium
In 2022, shipments abroad of fresh or chilled boneless cuts of bovine meat decreased by -7.7% to 36K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 8.5% against the previous year. As a result, the exports attained the peak of 39K tons, and then declined in the following year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat dropped slightly to $295M in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $295M, leveling off in the following year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 53.7 | 61.2 | 65.9 | 83.1 | 15.7% |
| Netherlands | 54.1 | 61.2 | 81.7 | 77.2 | 12.6% |
| France | 45.3 | 44.0 | 53.9 | 53.6 | 5.8% |
| Luxembourg | 22.4 | 21.1 | 23.6 | 25.1 | 3.9% |
| Italy | 8.6 | 15.8 | 24.9 | 10.3 | 6.2% |
| Spain | 12.3 | 9.4 | 11.4 | 10.2 | -6.0% |
| Portugal | 8.3 | 5.9 | 7.4 | 8.0 | -1.2% |
| Others | 23.4 | 21.6 | 26.4 | 27.7 | 5.8% |
| Total | 228 | 240 | 295 | 295 | 9.0% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Belgium in 2022:
- Netherlands (10.5K tons)
- Germany (9.9K tons)
- France (7.4K tons)
- Luxembourg (2.4K tons)
- Italy (0.9K tons)
- Portugal (0.8K tons)
- Spain (0.8K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium
In 2022, approx. 23K tons of fresh or chilled boneless cuts of bovine meat were imported into Belgium; increasing by 16% against the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded rapidly to $207M 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 +13.3% 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 +46.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 55.9 | 55.9 | 60.1 | 82.2 | 13.7% |
| Ireland | 48.0 | 43.3 | 59.9 | 64.4 | 10.3% |
| France | 8.9 | 8.1 | 11.5 | 12.2 | 11.1% |
| Argentina | N/A | 0.6 | N/A | 11.0 | 328.2% |
| Italy | 5.2 | 5.0 | 8.2 | 8.7 | 18.7% |
| Germany | 4.9 | 3.3 | 5.3 | 4.1 | -5.8% |
| Spain | 0.9 | 0.7 | 2.4 | 3.3 | 54.2% |
| Luxembourg | 0.6 | 1.1 | 1.5 | 2.5 | 60.9% |
| United Kingdom | 9.7 | 5.1 | 0.9 | 0.8 | -56.5% |
| Others | 8.4 | 18.5 | 31.0 | 18.2 | 29.4% |
| Total | 143 | 142 | 181 | 207 | 13.1% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Belgium in 2022:
- Netherlands (10.8K tons)
- Ireland (5.9K tons)
- France (1.7K tons)
- Italy (1.4K tons)
- Argentina (0.8K tons)
- Spain (0.5K tons)
- Luxembourg (0.4K tons)
- Germany (0.4K tons)
- United Kingdom (0.1K tons)
355
This report provides an in-depth analysis of the fresh beef cut market in Belgium.
876
This report provides an in-depth analysis of the beef market in Belgium.
848
This report provides an in-depth analysis of the meat and poultry market in Belgium.
907
This report provides an in-depth analysis of the meat market in Belgium.
742
This report provides an in-depth analysis of the beef market in Belgium.
524
This report provides an in-depth analysis of the fresh beef carcase market in Belgium.
617
Global Fresh Beef Cut Market Report 2018. This report provides an in-depth analysis of the global fresh beef cut market.
4510
This report provides an in-depth analysis of the global beef market.
2243
This report provides an in-depth analysis of the global meat and poultry market.
2897
This report provides an in-depth analysis of the global meat market.
706
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
877
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1912
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1392
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
4155
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1855
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2058
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1207
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1306
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
248
Discover the leading countries driving global meat and poultry imports, including key statistics and market insights.
