Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece - 2023

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (CIF) - 2023
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (FOB) - 2022
3. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece
4. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (CIF) - 2023

The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,230 per ton in November 2023, which is down by -8.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 27% month-to-month. Over the period under review, average import prices reached the peak figure at $6,737 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($8,372 per ton), while the price for Germany ($2,681 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece (FOB) - 2022

In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,710 per ton, shrinking by -49% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 an increase of 210% against the previous year. The export price peaked at $10,826 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($12,605 per ton), while the average price for exports to Cote d'Ivoire ($640 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Greece soared to 1.5K tons, increasing by 17% on 2021. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $7.5M in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Greece in 2022:

1. Italy (283.9 tons)
2. Netherlands (272.1 tons)
3. Poland (261.2 tons)
4. Germany (180.1 tons)
5. Spain (123.4 tons)
6. France (80.7 tons)
7. Belgium (66.6 tons)
8. United Kingdom (38.3 tons)

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Greece

In 2022, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Greece skyrocketed to 81 tons, picking up by 50% on the previous year. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 224% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped notably to $302K in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 102%.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Greece in 2022:

1. Albania (33.3 tons)
2. Bulgaria (25.0 tons)
3. Cote d'Ivoire (17.0 tons)
4. Cyprus (4.4 tons)
5. Netherlands (0.4 tons)

Source: IndexBox Market Intelligence Platform