Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Finland - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (CIF) - 2023
In September 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $8,311 per ton, with a decrease of -6.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $9,495 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($14,930 per ton), while the price for Poland ($5,072 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (FOB) - 2023
In August 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $8,749 per ton, which is down by -2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 when the average export price increased by 31% m-o-m. As a result, the export price attained the peak level of $10,745 per ton. From January 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Germany ($19,123 per ton), while the average price for exports to Estonia ($6,469 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland
In 2022, overseas purchases of fresh or chilled boneless cuts of bovine meat were finally on the rise to reach 3.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a noticeable decrease.
In value terms, imports of fresh or chilled boneless cuts of bovine meat rose rapidly to $35M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.5 | 8.6 | 9.2 | 10.7 | 18.1% |
| Germany | 9.6 | 8.8 | 6.7 | 7.4 | -8.3% |
| Sweden | 0.8 | 3.4 | 6.1 | 6.4 | 100.0% |
| Denmark | 3.9 | 5.3 | 3.8 | 3.5 | -3.5% |
| Lithuania | 1.8 | 1.5 | 1.8 | 1.9 | 1.8% |
| Estonia | 0.9 | 1.1 | 1.3 | 1.6 | 21.1% |
| Poland | 0.3 | 0.1 | 0.2 | 1.1 | 54.2% |
| Brazil | 4.5 | 0.3 | 0.5 | 0.7 | -46.2% |
| Others | 6.2 | 1.4 | 1.4 | 1.8 | -33.8% |
| Total | 34.5 | 30.5 | 30.9 | 35.2 | 0.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Finland in 2022:
- Netherlands (1118.6 tons)
- Germany (874.0 tons)
- Denmark (486.8 tons)
- Sweden (435.2 tons)
- Lithuania (302.7 tons)
- Estonia (229.7 tons)
- Poland (188.2 tons)
- Brazil (47.0 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland
In 2022, exports of fresh or chilled boneless cuts of bovine meat from Finland soared to 2.4K tons, with an increase of 53% on 2021. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled boneless cuts of bovine meat soared to $21M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 11.6 | 12.2 | 11.5 | 16.0 | 11.3% |
| Denmark | 3.3 | 2.2 | 1.8 | 2.5 | -8.8% |
| Estonia | N/A | N/A | N/A | 1.4 | 0% |
| Germany | N/A | 0.1 | 0.6 | 0.8 | 182.8% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 15.0 | 14.7 | 14.1 | 20.9 | 11.7% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Finland in 2022:
- Sweden (1952.0 tons)
- Estonia (236.7 tons)
- Denmark (193.7 tons)
- Germany (48.7 tons)
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