Price for Frozen Boneless Cuts of Bovine Meat in Japan - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Japan (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Japan (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Japan
- Exports of Frozen Boneless Cuts of Bovine Meat in Japan
Price for Frozen Boneless Cuts of Bovine Meat in Japan (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $4,576 per ton in November 2023, leveling off at the previous month. Over the period under review, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in July 2023 an increase of 9.2% month-to-month. Over the period under review, average import prices attained the peak figure at $5,428 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were the United States ($5,132 per ton) and New Zealand ($5,000 per ton), while the price for Australia ($4,029 per ton) and Mexico ($4,391 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Japan (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $44,033 per ton in November 2023, surging by 2.8% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 7.8% month-to-month. Over the period under review, the average export prices reached the maximum at $52,183 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($53,213 per ton), while the average price for exports to the United States ($15,942 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Japan
In 2022, supplies from abroad of frozen boneless cuts of bovine meat was finally on the rise to reach 342K tons after two years of decline. In general, imports saw a relatively flat trend pattern. 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 soared to $1.9B in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 712 | 650 | 653 | 723 | 0.5% |
| United States | 441 | 475 | 441 | 616 | 11.8% |
| Canada | 122 | 104 | 158 | 200 | 17.9% |
| New Zealand | 58.9 | 71.2 | 111 | 151 | 36.9% |
| Mexico | 43.5 | 39.8 | 75.4 | 106 | 34.6% |
| Poland | 7.7 | 13.3 | 36.6 | 47.2 | 83.0% |
| Others | 9.0 | 22.0 | 29.4 | 41.7 | 66.7% |
| Total | 1,394 | 1,375 | 1,504 | 1,884 | 10.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Japan in 2022:
- Australia (132.7K tons)
- United States (110.8K tons)
- Canada (38.4K tons)
- New Zealand (24.0K tons)
- Mexico (21.0K tons)
- Poland (8.1K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Japan
After three years of growth, shipments abroad of frozen boneless cuts of bovine meat decreased by -15.4% to 3.7K tons in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. As a result, the exports attained the peak of 4.4K tons, and then contracted sharply in the following year.
In value terms, exports of frozen boneless cuts of bovine meat fell markedly to $185M in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. As a result, the exports attained the peak of $257M, and then reduced sharply in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 80.0 | 73.1 | 144 | 53.9 | -12.3% |
| Hong Kong SAR | 19.1 | 23.9 | 35.8 | 33.6 | 20.7% |
| Thailand | 12.4 | 8.7 | 15.2 | 22.8 | 22.5% |
| United States | 2.9 | 3.1 | 10.6 | 17.8 | 83.1% |
| Tajikistan | 3.2 | 2.0 | 6.4 | 13.3 | 60.8% |
| Singapore | 3.0 | 5.9 | 8.6 | 8.6 | 42.1% |
| Vietnam | 3.9 | 3.2 | 5.6 | 7.6 | 24.9% |
| Taiwan (Chinese) | 5.1 | 4.6 | 6.7 | 5.2 | 0.6% |
| Macao SAR | 5.5 | 2.2 | 7.7 | 4.3 | -7.9% |
| Others | 8.2 | 8.2 | 16.3 | 17.7 | 29.2% |
| Total | 143 | 135 | 257 | 185 | 9.0% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Japan in 2022:
- Cambodia (905.8 tons)
- Hong Kong SAR (830.5 tons)
- Thailand (532.2 tons)
- United States (285.1 tons)
- Tajikistan (260.3 tons)
- Singapore (231.6 tons)
- Vietnam (128.4 tons)
- Taiwan (Chinese) (120.7 tons)
- Macao SAR (80.6 tons)
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