Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain (FOB) - 2023
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain (CIF) - 2023
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain (FOB) - 2023
In October 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,617 per ton, approximately mirroring the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 8.4% against the previous month. The export price peaked at $6,101 per ton in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was France ($6,690 per ton), while the average price for exports to Hungary ($3,732 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 Greece (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain (CIF) - 2023
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,765 per ton in September 2023, with an increase of 3.7% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 8.9% against the previous month. Over the period under review, average import prices hit record highs at $4,971 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($8,190 per ton), while the price for Italy ($3,822 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain
In 2022, the amount of fresh or chilled carcasses and half-carcasses of bovine meat exported from Spain expanded notably to 90K tons, with an increase of 8.9% against the previous year. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. 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 surged to $467M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 199 | 184 | 185 | 226 | 4.3% |
| Italy | 49.8 | 61.8 | 68.4 | 79.8 | 17.0% |
| Greece | 34.6 | 53.0 | 58.1 | 65.6 | 23.8% |
| Netherlands | 18.7 | 25.6 | 40.0 | 42.8 | 31.8% |
| France | 8.3 | 13.1 | 19.7 | 32.4 | 57.5% |
| Belgium | 1.2 | 1.9 | 5.4 | 7.9 | 87.4% |
| Algeria | 22.2 | 8.3 | 3.6 | N/A | -59.7% |
| Others | 3.3 | 6.4 | 6.1 | 11.7 | 52.5% |
| Total | 337 | 354 | 386 | 467 | 11.5% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Spain in 2022:
- Portugal (44.8K tons)
- Italy (14.1K tons)
- Greece (11.8K tons)
- Netherlands (10.3K tons)
- France (5.4K tons)
- Belgium (1.6K tons)
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain
For the third year in a row, Spain recorded decline in overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -8.9% to 12K tons in 2022. Over the period under review, imports faced a abrupt descent. The smallest decline of -7.3% was in 2020.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat expanded significantly to $52M in 2022. Overall, imports showed a drastic downturn.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.8 | 15.4 | 15.0 | 16.2 | -3.1% |
| Poland | 24.8 | 19.9 | 12.2 | 14.3 | -16.8% |
| Portugal | 9.4 | 13.9 | 11.5 | 12.7 | 10.5% |
| Germany | 2.8 | 1.8 | 2.4 | 2.7 | -1.2% |
| Netherlands | 3.5 | 2.9 | 2.2 | 2.3 | -13.1% |
| Austria | 3.1 | 0.8 | 1.0 | 1.2 | -27.1% |
| Others | 3.8 | 2.5 | 2.8 | 2.7 | -10.8% |
| Total | 65.2 | 57.3 | 47.2 | 52.1 | -7.2% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Spain in 2022:
- Italy (4.2K tons)
- Portugal (3.2K tons)
- Poland (2.8K tons)
- Germany (0.7K tons)
- Netherlands (0.3K tons)
- Austria (0.2K tons)
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