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

Contents:

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

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

In October 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,766 per ton, with a decrease of -3.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 15% m-o-m. The import price peaked at $6,279 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Belgium ($16,410 per ton), while the price for Denmark ($4,464 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+9.5%), 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 Sweden (FOB) - 2022

The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $7,066 per ton in 2022, with a decrease of -15.3% against the previous year. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. As a result, the export price attained the peak level of $12,919 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($16,305 per ton), while the average price for exports to Ireland ($5,795 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 Norway (+4.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -0.6% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 2.1K tons, leveling off in the following year.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $13M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +79.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Austria (642.8 tons)
2. Netherlands (540.6 tons)
3. Ireland (522.3 tons)
4. Germany (230.8 tons)
5. Denmark (102.8 tons)
6. Poland (52.5 tons)

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

Exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Sweden dropped notably to 35 tons in 2022, which is down by -53.3% against the year before. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 134% against the previous year. As a result, the exports attained the peak of 75 tons, and then contracted significantly in the following year.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell dramatically to $248K in 2022. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $625K, and then shrank dramatically in the following year.

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

1. Finland (31.7 tons)
2. Denmark (1.5 tons)
3. Norway (0.9 tons)
4. Ireland (0.9 tons)

Source: IndexBox Market Intelligence Platform