Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Spain - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Spain (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Spain (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Spain
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Spain
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Spain (CIF) - 2023
In October 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $10,635 per ton, growing by 5.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 16% month-to-month. Over the period under review, average import prices hit record highs at $11,776 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($13,391 per ton), while the price for Brazil ($7,168 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 (+0.8%), 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 Spain (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $8,385 per ton in October 2023, declining by -3.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in November 2022 an increase of 22% month-to-month. Over the period under review, the average export prices hit record highs at $8,678 per ton in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Andorra ($11,038 per ton), while the average price for exports to Greece ($6,260 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 Portugal (+4.3%), 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 Spain
Imports of fresh or chilled boneless cuts of bovine meat into Spain rose notably to 35K tons in 2022, growing by 9% on the previous year's figure. Over the period under review, imports, however, saw a deep slump.
In value terms, imports of fresh or chilled boneless cuts of bovine meat skyrocketed to $365M in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.7% 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. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 107 | 71.7 | 105 | 125 | 5.3% |
| Poland | 29.3 | 26.3 | 36.8 | 43.8 | 14.3% |
| Brazil | 25.5 | 13.4 | 19.3 | 32.0 | 7.9% |
| Denmark | 34.8 | 23.4 | 26.7 | 28.6 | -6.3% |
| Germany | 50.2 | 45.7 | 25.0 | 28.1 | -17.6% |
| Uruguay | 19.3 | 8.5 | 15.4 | 25.0 | 9.0% |
| Ireland | 29.2 | 18.7 | 16.0 | 22.6 | -8.2% |
| Others | 52.0 | 36.3 | 52.7 | 60.0 | 4.9% |
| Total | 347 | 244 | 297 | 365 | 1.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Spain in 2022:
- Netherlands (9.7K tons)
- Poland (5.8K tons)
- Brazil (3.3K tons)
- Denmark (2.7K tons)
- Germany (2.7K tons)
- Ireland (2.7K tons)
- Uruguay (2.1K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Spain
Exports of fresh or chilled boneless cuts of bovine meat from Spain stood at 24K tons in 2022, surging by 7.6% on the previous year's figure. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 28%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of fresh or chilled boneless cuts of bovine meat surged to $177M in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 11.4 | 14.5 | 22.6 | 46.2 | 59.4% |
| Portugal | 35.0 | 31.2 | 38.5 | 42.9 | 7.0% |
| France | 20.4 | 14.5 | 18.2 | 27.0 | 9.8% |
| Germany | 3.1 | 9.8 | 17.0 | 16.5 | 74.6% |
| Greece | 0.3 | 1.0 | 3.1 | 10.5 | 227.1% |
| Ireland | 5.4 | 6.6 | 5.6 | 6.3 | 5.3% |
| Netherlands | 2.2 | 4.7 | 6.1 | 5.5 | 35.7% |
| United Kingdom | 3.1 | 2.1 | 8.6 | 5.5 | 21.1% |
| Others | 11.2 | 12.7 | 17.9 | 16.4 | 13.6% |
| Total | 92.2 | 97.0 | 138 | 177 | 24.3% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Spain in 2022:
- Portugal (6.5K tons)
- Italy (5.8K tons)
- France (3.5K tons)
- Germany (2.2K tons)
- Greece (2.0K tons)
- Ireland (1.0K tons)
- Netherlands (0.7K tons)
- United Kingdom (0.5K tons)
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