Price for Frozen Boneless Cuts of Bovine Meat in Belgium - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Belgium (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Belgium (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Belgium
- Exports of Frozen Boneless Cuts of Bovine Meat in Belgium
Price for Frozen Boneless Cuts of Bovine Meat in Belgium (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $17,331 per ton in October 2023, increasing by 192% against the previous month. In general, the import price recorded a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +1.2% per month.
Price for Frozen Boneless Cuts of Bovine Meat in Belgium (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $6,303 per ton in 2022, with an increase of 33% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +61.0% against 2020 indices. The export price peaked at $6,475 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($11,460 per ton), while the average price for exports to Ghana ($1,736 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 Gabon (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Belgium
In 2022, the amount of frozen boneless cuts of bovine meat imported into Belgium expanded to 13K tons, increasing by 3.5% against 2021. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat soared to $78M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.5 | 20.6 | 27.8 | 33.3 | 14.0% |
| Netherlands | 9.1 | 8.4 | 13.2 | 18.4 | 26.5% |
| Poland | 0.7 | 3.0 | 6.4 | 7.7 | 122.4% |
| Ireland | 1.0 | 1.1 | 2.3 | 4.9 | 69.8% |
| Italy | 2.5 | 2.5 | 2.5 | 3.5 | 11.9% |
| Germany | 0.5 | 1.6 | 1.2 | 2.8 | 77.6% |
| Spain | 0.3 | 0.9 | 1.4 | 1.9 | 85.0% |
| Others | 1.5 | 1.7 | 2.7 | 5.3 | 52.3% |
| Total | 38.1 | 39.8 | 57.6 | 77.8 | 26.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Belgium in 2022:
- France (5.2K tons)
- Netherlands (3.5K tons)
- Poland (1.3K tons)
- Italy (0.7K tons)
- Ireland (0.7K tons)
- Spain (0.4K tons)
- Germany (0.3K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Belgium
In 2022, overseas shipments of frozen boneless cuts of bovine meat decreased by -3.4% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 12%.
In value terms, exports of frozen boneless cuts of bovine meat soared to $66M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.7 | 6.6 | 7.4 | 13.6 | 33.6% |
| Germany | 9.7 | 7.4 | 11.5 | 11.5 | 5.8% |
| France | 4.6 | 6.6 | 7.4 | 7.7 | 18.7% |
| United Kingdom | 4.9 | 7.6 | 3.3 | 6.9 | 12.1% |
| Greece | 3.5 | 1.3 | 2.8 | 5.3 | 14.8% |
| Sweden | 1.5 | 2.4 | 2.2 | 2.2 | 13.6% |
| Denmark | 0.5 | 0.6 | 1.5 | 1.9 | 56.0% |
| Hungary | 0.6 | 0.3 | 1.1 | 1.8 | 44.2% |
| Luxembourg | 0.7 | 0.9 | 1.4 | 1.7 | 34.4% |
| Gabon | 0.1 | 0.8 | 1.4 | 1.3 | 135.1% |
| Ghana | 0.1 | 0.4 | 1.8 | 0.8 | 100.0% |
| Others | 5.0 | 6.4 | 10.1 | 11.8 | 33.1% |
| Total | 37.0 | 41.4 | 51.9 | 66.4 | 21.5% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Belgium in 2022:
- Germany (2017.9 tons)
- Netherlands (2011.7 tons)
- United Kingdom (1417.0 tons)
- France (1237.4 tons)
- Greece (887.1 tons)
- Ghana (438.8 tons)
- Sweden (290.1 tons)
- Gabon (244.1 tons)
- Luxembourg (205.2 tons)
- Hungary (203.2 tons)
- Denmark (165.3 tons)
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