Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Germany - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Germany (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Germany (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Germany
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Germany
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Germany (CIF) - 2023
In October 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $13,578 per ton, surging by 39% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Uruguay ($14,348 per ton) and Argentina ($13,354 per ton), while the price for Paraguay ($11,029 per ton) and Brazil ($11,133 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), 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 Germany (FOB) - 2023
In October 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $11,038 per ton, picking up by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. 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 export markets. In October 2023, the country with the highest price was Switzerland ($12,694 per ton), while the average price for exports to Faroe Islands ($7,433 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.6%), 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 Germany
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Germany contracted to 176K tons, falling by -3.2% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 4.9% against the previous year. As a result, imports reached the peak of 182K tons, and then reduced in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat rose markedly to $1.6B in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13%. 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 342 | 433 | 481 | 481 | 12.0% |
| Argentina | 292 | 180 | 210 | 246 | -5.6% |
| Austria | 87.2 | 107 | 137 | 165 | 23.7% |
| Poland | 91.0 | 104 | 120 | 143 | 16.3% |
| Ireland | 107 | 121 | 140 | 134 | 7.8% |
| Belgium | 68.3 | 77.9 | 92.6 | 109 | 16.9% |
| France | 79.7 | 91.9 | 114 | 97.6 | 7.0% |
| Others | 297 | 211 | 209 | 210 | -10.9% |
| Total | 1,365 | 1,326 | 1,503 | 1,585 | 5.1% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Germany in 2022:
- Netherlands (52.4K tons)
- Austria (24.2K tons)
- Poland (22.9K tons)
- Argentina (19.6K tons)
- Ireland (13.9K tons)
- Belgium (12.7K tons)
- France (9.3K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Germany
Exports of fresh or chilled boneless cuts of bovine meat from Germany fell sharply to 58K tons in 2022, with a decrease of -16% on 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 4.7% against the previous year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat rose sharply to $539M in 2022. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 129 | 126 | 139 | 122 | -1.8% |
| France | 103 | 60.3 | 68.3 | 91.1 | -4.0% |
| Italy | 43.7 | 29.7 | 42.1 | 55.8 | 8.5% |
| Austria | 62.3 | 37.0 | 33.8 | 50.4 | -6.8% |
| Netherlands | 47.2 | 47.0 | 72.5 | 47.3 | 0.1% |
| Spain | 59.1 | 35.2 | 42.9 | 44.6 | -9.0% |
| Sweden | 35.8 | 26.2 | 36.0 | 35.2 | -0.6% |
| Others | 98.2 | 78.3 | 78.9 | 92.6 | -1.9% |
| Total | 578 | 439 | 513 | 539 | -2.3% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Germany in 2022:
- Denmark (16.6K tons)
- France (10.0K tons)
- Netherlands (5.0K tons)
- Italy (4.7K tons)
- Sweden (4.1K tons)
- Spain (4.0K tons)
- Austria (3.4K tons)
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