Price for Frozen Boneless Cuts of Bovine Meat in Spain - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Spain (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Spain (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Spain
- Imports of Frozen Boneless Cuts of Bovine Meat in Spain
Price for Frozen Boneless Cuts of Bovine Meat in Spain (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $5,974 per ton in 2022, rising by 27% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +59.2% against 2019 indices. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($6,851 per ton), while the average price for exports to the Philippines ($3,167 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 Poland (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Spain (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $4,903 per ton in October 2023, dropping by -11.9% against the previous month. Over the period under review, the import price recorded a mild decline. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 11% against the previous month. As a result, import price reached the peak level of $6,070 per ton. From April 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($11,988 per ton), while the price for Portugal ($2,783 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 Denmark (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Spain
Exports of frozen boneless cuts of bovine meat from Spain reduced to 40K tons in 2022, which is down by -8.4% against the previous year's figure. 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 being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, the exports attained the peak of 43K tons, and then contracted in the following year.
In value terms, exports of frozen boneless cuts of bovine meat soared to $237M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Frozen Boneless Cuts of Bovine Meat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 20.8 | 29.0 | 42.8 | 54.0 | 37.4% |
| France | 29.5 | 23.2 | 34.7 | 52.7 | 21.3% |
| Morocco | 12.7 | 8.7 | 11.6 | 18.9 | 14.2% |
| Canada | 2.8 | 17.5 | 17.9 | 17.5 | 84.2% |
| Netherlands | 13.7 | 17.3 | 18.8 | 13.3 | -1.0% |
| Germany | 11.2 | 7.4 | 8.7 | 9.1 | -6.7% |
| Vietnam | 2.8 | 2.4 | 8.1 | 6.2 | 30.3% |
| Japan | N/A | 0.1 | 3.1 | 5.9 | 668.1% |
| Ireland | 2.0 | 3.4 | 3.2 | 5.7 | 41.8% |
| Poland | 1.2 | 0.9 | 0.9 | 5.2 | 63.0% |
| Philippines | N/A | N/A | 2.9 | 3.8 | 31.0% |
| Greece | 1.0 | 0.5 | 1.8 | 3.8 | 56.0% |
| Indonesia | 7.7 | 8.2 | 8.9 | 3.1 | -26.2% |
| Others | 36.6 | 36.1 | 39.7 | 37.3 | 0.6% |
| Total | 142 | 155 | 203 | 237 | 18.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Spain in 2022:
- Portugal (8.2K tons)
- France (8.2K tons)
- Canada (3.2K tons)
- Morocco (2.8K tons)
- Netherlands (2.1K tons)
- Vietnam (1.9K tons)
- Germany (1.7K tons)
- Philippines (1.2K tons)
- Ireland (1.0K tons)
- Japan (0.9K tons)
- Greece (0.8K tons)
- Poland (0.8K tons)
- Indonesia (0.7K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Spain
Imports of frozen boneless cuts of bovine meat into Spain skyrocketed to 29K tons in 2022, rising by 31% on 2021 figures. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 $178M in 2022. Over the period under review, imports continue to indicate a buoyant increase. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 21.5 | 13.8 | 22.2 | 40.7 | 23.7% |
| Germany | 15.4 | 12.2 | 16.1 | 27.3 | 21.0% |
| Ireland | 13.7 | 8.8 | 10.6 | 17.5 | 8.5% |
| France | 8.4 | 10.7 | 10.9 | 17.1 | 26.7% |
| Poland | 9.1 | 6.4 | 9.1 | 16.3 | 21.4% |
| Portugal | 8.8 | 8.4 | 7.8 | 14.1 | 17.0% |
| Netherlands | 7.3 | 8.0 | 12.9 | 13.4 | 22.4% |
| Uruguay | 8.9 | 7.5 | 8.6 | 10.4 | 5.3% |
| Others | 12.4 | 9.3 | 11.8 | 21.7 | 20.5% |
| Total | 105 | 85.0 | 110 | 178 | 19.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Spain in 2022:
- Brazil (5.7K tons)
- Germany (5.3K tons)
- Ireland (3.9K tons)
- Poland (3.2K tons)
- France (2.7K tons)
- Portugal (2.6K tons)
- Netherlands (1.4K tons)
- Uruguay (1.0K tons)
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