Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Japan - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Japan
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Japan
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $7,754 per ton in November 2023, remaining relatively unchanged against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 3.8% m-o-m. Over the period under review, average import prices reached the maximum at $8,141 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from New Zealand ($9,570 per ton) and Canada ($7,909 per ton), while the price for Australia ($7,468 per ton) and the United States ($7,831 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $46,793 per ton in November 2023, rising by 1.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 12% m-o-m. As a result, the export price attained the peak level of $57,270 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($71,417 per ton), while the average price for exports to Taiwan (Chinese) ($36,694 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.1%), 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 Japan
In 2022, the amount of fresh or chilled boneless cuts of bovine meat imported into Japan dropped remarkably to 216K tons, reducing by -17.8% on the previous year's figure. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 0.9% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat reduced markedly to $1.8B in 2022. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of $2.2B, and then reduced sharply in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 970 | 921 | 1,106 | 911 | -2.1% |
| Australia | 966 | 866 | 851 | 695 | -10.4% |
| Canada | 70.0 | 62.7 | 98.3 | 76.1 | 2.8% |
| New Zealand | 63.6 | 57.3 | 65.2 | 64.9 | 0.7% |
| Mexico | 28.8 | 23.7 | 32.7 | 44.5 | 15.6% |
| Uruguay | 10.9 | 19.0 | 32.4 | 33.2 | 45.0% |
| Others | 0.9 | 0.4 | 0.6 | 0.9 | 0.0% |
| Total | 2,110 | 1,950 | 2,186 | 1,826 | -4.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Japan in 2022:
- United States (112.5K tons)
- Australia (78.1K tons)
- Canada (9.6K tons)
- New Zealand (6.4K tons)
- Mexico (6.0K tons)
- Uruguay (3.6K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Japan
In 2022, approx. 3.7K tons of fresh or chilled boneless cuts of bovine meat were exported from Japan; surging by 7.1% on 2021. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of fresh or chilled boneless cuts of bovine meat declined to $206M in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $232M, and then shrank in the following year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.3 | 36.1 | 82.6 | 51.5 | 26.7% |
| Taiwan (Chinese) | 28.7 | 34.2 | 43.2 | 49.0 | 19.5% |
| Hong Kong SAR | 27.6 | 26.9 | 33.2 | 25.2 | -3.0% |
| Singapore | 12.6 | 10.7 | 15.7 | 17.7 | 12.0% |
| Netherlands | 6.2 | 4.7 | 10.7 | 11.8 | 23.9% |
| Belgium | 2.8 | 3.0 | 7.5 | 7.7 | 40.1% |
| Malaysia | 2.4 | 3.4 | 7.4 | 7.4 | 45.5% |
| United Kingdom | 5.5 | 2.8 | 5.3 | 7.1 | 8.9% |
| Australia | 2.3 | 2.6 | 4.9 | 5.7 | 35.3% |
| Canada | 2.8 | 2.0 | 5.7 | 5.2 | 22.9% |
| Others | 12.6 | 9.2 | 15.8 | 17.4 | 11.4% |
| Total | 129 | 136 | 232 | 206 | 16.9% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Japan in 2022:
- Taiwan (Chinese) (1125.2 tons)
- United States (784.9 tons)
- Hong Kong SAR (535.6 tons)
- Singapore (362.8 tons)
- Malaysia (158.8 tons)
- Netherlands (146.7 tons)
- Belgium (104.5 tons)
- United Kingdom (98.8 tons)
- Australia (90.8 tons)
- Canada (72.9 tons)
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