Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (CIF) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (FOB) - 2023
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (CIF) - 2023
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $6,278 per ton in August 2023, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 5% against the previous month. The import price peaked at $6,389 per ton in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Croatia ($7,300 per ton) and the Netherlands ($6,918 per ton), while the price for Slovenia ($5,130 per ton) and Poland ($5,666 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (FOB) - 2023
In October 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $8,488 per ton, growing by 98% against the previous month. Over the period under review, export price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for fresh or chilled carcasses and half-carcasses of bovine meat increased by +108.7% against June 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +6.3% per month.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy
In 2022, overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat were finally on the rise to reach 70K tons after two years of decline. In general, imports, however, saw a slight shrinkage.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat rose remarkably to $398M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 79.1 | 87.5 | 95.2 | 94.6 | 6.1% |
Spain | 53.3 | 57.1 | 61.3 | 89.3 | 18.8% |
Poland | 73.3 | 55.4 | 60.5 | 76.3 | 1.3% |
France | 50.0 | 55.8 | 49.1 | 45.5 | -3.1% |
Belgium | 27.8 | 27.1 | 31.0 | 34.5 | 7.5% |
Germany | 19.8 | 18.6 | 20.9 | 22.9 | 5.0% |
Austria | 9.3 | 6.5 | 8.5 | 9.9 | 2.1% |
Others | 30.7 | 21.8 | 23.8 | 24.9 | -6.7% |
Total | 343 | 330 | 350 | 398 | 5.1% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Italy in 2022:
- Spain (15.8K tons)
- Netherlands (15.0K tons)
- Poland (14.1K tons)
- France (8.1K tons)
- Belgium (5.5K tons)
- Germany (5.3K tons)
- Austria (1.8K tons)
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy
For the fourth consecutive year, Italy recorded growth in overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat, which increased by 16% to 24K tons in 2022. The total export volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $105M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 19.9 | 25.0 | 32.8 | 43.5 | 29.8% |
Spain | 4.4 | 10.0 | 13.4 | 19.8 | 65.1% |
Croatia | 0.8 | 3.0 | 7.4 | 11.7 | 144.5% |
France | 7.9 | 7.4 | 8.6 | 9.6 | 6.7% |
Germany | 7.9 | 4.1 | 3.3 | 7.7 | -0.9% |
Slovenia | 2.2 | 2.1 | 3.8 | 5.0 | 31.5% |
Denmark | 0.1 | 0.3 | 0.1 | 1.9 | 166.8% |
Poland | 2.1 | 2.8 | 2.2 | 1.5 | -10.6% |
Others | 5.9 | 4.2 | 4.9 | 4.1 | -11.4% |
Total | 51.1 | 58.9 | 76.5 | 105 | 27.1% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Italy in 2022:
- Netherlands (10.7K tons)
- Spain (5.2K tons)
- Croatia (2.4K tons)
- France (1.7K tons)
- Germany (1.7K tons)
- Slovenia (1.0K tons)
- Denmark (0.4K tons)
- Poland (0.4K tons)
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