Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Italy - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Italy (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Italy (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Italy
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Italy
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Italy (CIF) - 2023
In October 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $12,987 per ton, rising by 18% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in April 2023 an increase of 27% m-o-m. Over the period under review, average import prices hit record highs in October 2023.
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 ($19,569 per ton), while the price for Brazil ($9,051 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 Germany (+2.8%), 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 Italy (FOB) - 2023
In October 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $11,215 per ton, dropping by -5.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 22% month-to-month. The export price peaked at $13,308 per ton in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Albania ($24,829 per ton), while the average price for exports to Lebanon ($5,919 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 Malta (+1.9%), 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 Italy
In 2022, purchases abroad of fresh or chilled boneless cuts of bovine meat was finally on the rise to reach 73K tons after two years of decline. In general, imports, however, continue to indicate a perceptible shrinkage.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $743M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 164 | 148 | 154 | 191 | 5.2% |
| Netherlands | 99.2 | 97.9 | 106 | 130 | 9.4% |
| Poland | 54.5 | 62.1 | 75.0 | 85.1 | 16.0% |
| Argentina | 71.7 | 45.2 | 42.8 | 57.7 | -7.0% |
| Germany | 39.3 | 29.1 | 40.7 | 56.8 | 13.1% |
| France | 33.0 | 31.1 | 44.2 | 48.0 | 13.3% |
| Spain | 15.8 | 19.3 | 28.7 | 40.6 | 37.0% |
| Denmark | 24.4 | 18.1 | 22.8 | 26.9 | 3.3% |
| United States | 24.3 | 17.0 | 12.2 | 26.0 | 2.3% |
| United Kingdom | 33.0 | 25.2 | 12.0 | 20.1 | -15.2% |
| Austria | 12.5 | 10.9 | 12.8 | 10.3 | -6.2% |
| Australia | 24.1 | 15.4 | 14.4 | 8.2 | -30.2% |
| Brazil | 12.8 | 8.6 | 9.6 | 8.1 | -14.1% |
| Others | 38.5 | 24.2 | 34.7 | 34.3 | -3.8% |
| Total | 647 | 552 | 610 | 743 | 4.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Italy in 2022:
- Ireland (19.3K tons)
- Netherlands (13.1K tons)
- Poland (9.3K tons)
- Germany (6.7K tons)
- Argentina (4.4K tons)
- Spain (4.2K tons)
- France (4.1K tons)
- Denmark (2.4K tons)
- United Kingdom (2.1K tons)
- United States (1.9K tons)
- Austria (1.3K tons)
- Brazil (0.8K tons)
- Australia (0.5K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Italy
In 2022, exports of fresh or chilled boneless cuts of bovine meat from Italy declined significantly to 17K tons, dropping by -16.4% on 2021 figures. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, exports of fresh or chilled boneless cuts of bovine meat dropped modestly to $190M in 2022. Over the period under review, exports showed a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 27%.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 63.1 | 52.5 | 61.1 | 54.4 | -4.8% |
| France | 31.5 | 21.6 | 30.6 | 33.4 | 2.0% |
| Greece | 17.9 | 13.3 | 20.5 | 20.6 | 4.8% |
| Spain | 12.1 | 8.2 | 13.5 | 12.2 | 0.3% |
| Austria | 10.3 | 6.4 | 7.1 | 11.5 | 3.7% |
| Malta | 5.9 | 5.2 | 7.4 | 8.1 | 11.1% |
| Croatia | 5.0 | 3.7 | 5.2 | 6.6 | 9.7% |
| Slovenia | 6.7 | 4.6 | 6.5 | 6.5 | -1.0% |
| Netherlands | 7.7 | 5.1 | 6.6 | 6.1 | -7.5% |
| Denmark | 6.7 | 4.7 | 4.1 | 4.3 | -13.7% |
| Portugal | 4.2 | 3.7 | 4.2 | 3.9 | -2.4% |
| United Kingdom | 9.8 | 5.0 | 5.5 | 2.3 | -38.3% |
| Others | 20.3 | 18.9 | 21.9 | 19.9 | -0.7% |
| Total | 201 | 153 | 194 | 190 | -1.9% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Italy in 2022:
- Germany (4.5K tons)
- France (2.9K tons)
- Greece (2.6K tons)
- Spain (0.9K tons)
- Malta (0.8K tons)
- Slovenia (0.8K tons)
- Austria (0.7K tons)
- Croatia (0.7K tons)
- Netherlands (0.5K tons)
- Portugal (0.4K tons)
- Denmark (0.2K tons)
- United Kingdom (0.2K tons)
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