Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland (CIF) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland (CIF) - 2023

In September 2023, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $6,061 per ton, picking up by 2% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in January 2023 an increase of 23% m-o-m. The import price peaked at $6,313 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($7,573 per ton), while the price for Latvia amounted to $5,467 per ton.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+1.9%).

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland (FOB) - 2022

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $6,044 per ton, with an increase of 14% against the previous year. Overall, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2014 an increase of 145% against the previous year. As a result, the export price attained the peak level of $22,829 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2013 to 2022, the rate of growth in terms of prices for Denmark amounted to +8.4% per year.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland

For the fourth year in a row, Finland recorded growth in overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat, which increased by 86% to 896 tons in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 528% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $4.6M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 537%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Finland in 2022:

1. Latvia (732.4 tons)
2. Denmark (82.5 tons)
3. Germany (29.5 tons)
4. Netherlands (27.6 tons)
5. Lithuania (18.5 tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Finland

In 2022, shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -67.1% to 180 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp decrease. The pace of growth was the most pronounced in 2020 when exports increased by 19%. As a result, the exports reached the peak of 699 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat declined markedly to $1.1M in 2022. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, the exports attained the peak of $3.4M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Finland in 2022:

1. Denmark (179.8 tons)

Source: IndexBox Market Intelligence Platform