Price for Frozen Boneless Cuts of Bovine Meat in Germany - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Germany (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Germany (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Germany
- Exports of Frozen Boneless Cuts of Bovine Meat in Germany
Price for Frozen Boneless Cuts of Bovine Meat in Germany (CIF) - 2023
In October 2023, the average import price for frozen boneless cuts of bovine meat amounted to $9,853 per ton, with an increase of 61% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.9%. As a result, import price attained 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 October 2023, the country with the highest price was Uruguay ($11,869 per ton), while the price for the UK ($3,689 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 Ireland (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Germany (FOB) - 2023
In October 2023, the average export price for frozen boneless cuts of bovine meat amounted to $9,954 per ton, rising by 43% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Iceland ($15,970 per ton), while the average price for exports to Hong Kong SAR ($1,491 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 Turkey (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Germany
After two years of decline, supplies from abroad of frozen boneless cuts of bovine meat increased by 8.4% to 51K tons in 2022. Overall, imports, however, continue to indicate a pronounced decline.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $338M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 101 | 80.4 | 89.1 | 106 | 1.6% |
| Austria | 58.8 | 45.2 | 49.7 | 72.1 | 7.0% |
| Poland | 29.4 | 31.5 | 32.3 | 46.5 | 16.5% |
| Ireland | 12.1 | 9.1 | 14.2 | 25.1 | 27.5% |
| Belgium | 5.0 | 12.1 | 15.6 | 15.0 | 44.2% |
| Italy | 6.2 | 5.7 | 12.4 | 12.7 | 27.0% |
| Brazil | 29.5 | 11.7 | 6.1 | 12.3 | -25.3% |
| Spain | 9.4 | 6.6 | 10.2 | 12.3 | 9.4% |
| Argentina | 8.6 | 8.0 | 5.8 | 9.6 | 3.7% |
| Uruguay | 11.6 | 5.3 | 3.3 | 6.2 | -18.8% |
| United Kingdom | 10.5 | 9.6 | 0.1 | 2.2 | -40.6% |
| Others | 18.4 | 8.8 | 9.7 | 18.0 | -0.7% |
| Total | 300 | 234 | 249 | 338 | 4.1% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Germany in 2022:
- Netherlands (15.7K tons)
- Austria (11.6K tons)
- Poland (8.9K tons)
- Ireland (4.0K tons)
- Spain (1.9K tons)
- Italy (1.6K tons)
- Belgium (1.6K tons)
- Brazil (1.3K tons)
- Argentina (1.1K tons)
- Uruguay (0.6K tons)
- United Kingdom (0.5K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Germany
In 2022, exports of frozen boneless cuts of bovine meat from Germany rose sharply to 45K tons, picking up by 11% on 2021. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $328M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.6% against 2020 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 21.2 | 18.0 | 23.1 | 64.9 | 45.2% |
| France | 50.3 | 28.7 | 34.5 | 62.9 | 7.7% |
| United Kingdom | 3.5 | 7.5 | 16.4 | 33.8 | 113.0% |
| Netherlands | 62.1 | 46.6 | 33.6 | 24.4 | -26.8% |
| Spain | 7.0 | 5.3 | 13.1 | 22.4 | 47.4% |
| Sweden | 9.4 | 6.3 | 17.1 | 21.2 | 31.1% |
| Italy | 4.9 | 4.1 | 6.8 | 10.6 | 29.3% |
| Denmark | 4.3 | 8.7 | 8.0 | 9.0 | 27.9% |
| Switzerland | 2.3 | 3.7 | 3.4 | 7.6 | 48.9% |
| Poland | 2.8 | 3.3 | 14.2 | 5.5 | 25.2% |
| Others | 67.9 | 36.1 | 40.8 | 65.3 | -1.3% |
| Total | 236 | 168 | 211 | 328 | 11.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Germany in 2022:
- France (10.1K tons)
- Austria (8.4K tons)
- United Kingdom (4.7K tons)
- Spain (3.8K tons)
- Sweden (3.4K tons)
- Netherlands (3.2K tons)
- Italy (1.2K tons)
- Denmark (1.2K tons)
- Poland (1.2K tons)
- Switzerland (0.7K tons)
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