Price for Frozen Boneless Cuts of Bovine Meat in Thailand - 2024
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Thailand (CIF) - 2024
- Price for Frozen Boneless Cuts of Bovine Meat in Thailand (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Thailand
- Exports of Frozen Boneless Cuts of Bovine Meat in Thailand
Price for Frozen Boneless Cuts of Bovine Meat in Thailand (CIF) - 2024
In January 2024, the average import price for frozen boneless cuts of bovine meat amounted to $6,237 per ton, dropping by -4.8% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 18% month-to-month. The import price peaked at $7,129 per ton in November 2023; however, from December 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($46,871 per ton), while the price for Argentina ($936 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Boneless Cuts of Bovine Meat in Thailand (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $13,443 per ton, growing by 276% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($13,640 per ton), while the average price for exports to Lao People's Democratic Republic amounted to $11,205 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+14.8%).
Imports of Frozen Boneless Cuts of Bovine Meat in Thailand
In 2022, approx. 23K tons of frozen boneless cuts of bovine meat were imported into Thailand; jumping by 21% on the previous year. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $148M in 2022. In general, imports enjoyed 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 18.6 | 28.9 | 45.4 | 81.3 | 63.5% |
| New Zealand | 12.9 | 14.2 | 15.9 | 25.3 | 25.2% |
| Japan | 12.4 | 10.1 | 15.5 | 24.2 | 25.0% |
| United States | 4.8 | 6.7 | 6.4 | 8.2 | 19.5% |
| Argentina | 1.6 | 3.8 | 5.6 | 6.0 | 55.4% |
| Brazil | 0.6 | 2.2 | 3.9 | 2.4 | 58.7% |
| Others | N/A | 0.2 | 0.3 | 0.6 | 73.2% |
| Total | 51.0 | 66.0 | 92.9 | 148 | 42.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Thailand in 2022:
- Australia (9.0K tons)
- Argentina (6.7K tons)
- New Zealand (3.5K tons)
- Brazil (1.5K tons)
- United States (1.2K tons)
- Japan (0.5K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Thailand
Exports of frozen boneless cuts of bovine meat from Thailand fell dramatically to 5.4 tons in 2022, which is down by -81.2% against 2021 figures. In general, exports saw a precipitous setback. The smallest decline of -24.9% was in 2020.
In value terms, exports of frozen boneless cuts of bovine meat contracted notably to $73K in 2022. Overall, exports faced a precipitous descent. The smallest decline of -28.3% was in 2020.
| Export of Frozen Boneless Cuts of Bovine Meat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 5.3 | 5.9 | N/A | 68.2 | 134.3% |
| Lao People's Democratic Republic | 400 | 226 | 17.0 | 4.9 | -76.9% |
| Hong Kong SAR | N/A | 124 | 86.7 | N/A | -30.1% |
| New Zealand | 136 | N/A | N/A | N/A | 0% |
| Myanmar | 2.2 | 33.2 | N/A | N/A | 1409.1% |
| Others | 2.7 | 3.1 | N/A | N/A | 14.8% |
| Total | 547 | 392 | 104 | 73.1 | -48.9% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Thailand in 2022:
- Cambodia (5.0 tons)
- Lao People's Democratic Republic (0.4 tons)
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