Price for Frozen Boneless Cuts of Bovine Meat in Austria - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Austria (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Austria (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Austria
- Imports of Frozen Boneless Cuts of Bovine Meat in Austria
Price for Frozen Boneless Cuts of Bovine Meat in Austria (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $5,951 per ton in October 2023, shrinking by -10.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average export price increased by 6.1% month-to-month. Over the period under review, the average export prices hit record highs at $6,749 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Hong Kong SAR ($8,263 per ton), while the average price for exports to North Macedonia ($3,202 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 Bosnia and Herzegovina (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Austria (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $8,395 per ton in September 2023, surging by 13% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($11,494 per ton), while the price for Poland ($5,492 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 (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Austria
Exports of frozen boneless cuts of bovine meat from Austria contracted rapidly to 20K tons in 2022, dropping by -15.2% against the year before. Overall, exports faced a abrupt contraction. The smallest decline of -10.6% was in 2021.
In value terms, exports of frozen boneless cuts of bovine meat rose rapidly to $124M in 2022. Over the period under review, exports recorded a noticeable reduction.
| Export of Frozen Boneless Cuts of Bovine Meat in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 60.6 | 43.9 | 53.0 | 69.7 | 4.8% |
| Netherlands | 11.1 | 9.3 | 9.5 | 15.2 | 11.0% |
| Czech Republic | N/A | 0.4 | 2.9 | 9.6 | 389.9% |
| Poland | 0.5 | 0.7 | 4.7 | 7.6 | 147.7% |
| Finland | N/A | N/A | N/A | 5.8 | 0% |
| Bosnia and Herzegovina | 5.5 | 3.6 | 3.4 | 2.2 | -26.3% |
| Italy | 1.2 | 0.6 | 1.3 | 1.4 | 5.3% |
| Croatia | 12.8 | 11.1 | 6.1 | 1.3 | -53.3% |
| Switzerland | 5.0 | 7.2 | 8.3 | 0.7 | -48.1% |
| Hungary | 21.0 | 17.9 | 5.0 | 0.4 | -73.3% |
| France | 7.0 | 5.0 | 2.4 | 0.3 | -65.0% |
| Others | 8.2 | 18.2 | 18.3 | 9.8 | 6.1% |
| Total | 133 | 118 | 115 | 124 | -2.3% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Austria in 2022:
- Germany (10.6K tons)
- Netherlands (2.4K tons)
- Czech Republic (1.4K tons)
- Poland (1.4K tons)
- Finland (0.9K tons)
- Italy (0.4K tons)
- Bosnia and Herzegovina (0.4K tons)
- Croatia (0.2K tons)
- Switzerland (0.1K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Austria
In 2022, imports of frozen boneless cuts of bovine meat into Austria surged to 13K tons, picking up by 50% against the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $94M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.4 | 23.3 | 30.6 | 73.7 | 44.6% |
| Poland | 5.7 | 3.7 | 4.5 | 10.3 | 21.8% |
| Netherlands | 5.7 | 5.6 | 7.0 | 6.9 | 6.6% |
| Hungary | 1.8 | 1.7 | 0.7 | 0.8 | -23.7% |
| Ireland | 1.6 | 0.5 | 1.4 | 0.3 | -42.8% |
| Others | 10.4 | 2.0 | 1.8 | 1.7 | -45.3% |
| Total | 49.6 | 36.8 | 46.0 | 93.6 | 23.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Austria in 2022:
- Germany (10.0K tons)
- Poland (2.1K tons)
- Netherlands (0.6K tons)
- Ireland (0.1K tons)
- Hungary (0.1K tons)
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