Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Japan - 2022

Contents:

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

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

In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,742 per ton, shrinking by -4% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 14%. As a result, import price reached the peak level of $9,046 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($29,571 per ton), while the price for Canada ($19,012 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $3,414 per ton, jumping by 35% against the previous year. In general, the export price, however, saw a noticeable setback. Over the period under review, the average export prices attained the maximum at $5,732 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -2.6% per year.

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

For the third consecutive year, Japan recorded decline in purchases abroad of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -5% to 28 tons in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -5% was in 2021.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat declined to $161K in 2022. In general, imports continue to indicate a sharp contraction. The smallest decline of -8.8% was in 2021.

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

1. Canada (1.8 tons)
2. New Zealand (0.1 tons)
3. Italy (0.1 tons)

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

In 2022, exports of fresh or chilled carcasses and half-carcasses of bovine meat from Japan surged to 27 tons, with an increase of 526% compared with the previous year's figure. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $92K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Hong Kong SAR (0.3 tons)

Source: IndexBox Market Intelligence Platform