Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy (CIF) - 2022
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy (FOB) - 2023
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy (CIF) - 2022

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $6,432 per ton in 2022, picking up by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 an increase of 43%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,593 per ton), while the price for Germany ($4,109 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy (FOB) - 2023

The average export price for frozen carcasses and half-carcasses of bovine meat stood at $7,061 per ton in October 2023, falling by -3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in April 2023 an increase of 7.1% against the previous month. The export price peaked at $7,299 per ton in August 2023; however, from September 2023 to October 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From October 2022 to October 2023, the rate of growth in terms of prices for France amounted to +1.4% per month.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy

In 2022, after three years of growth, there was significant decline in overseas purchases of frozen carcasses and half-carcasses of bovine meat, when their volume decreased by -33.9% to 1.2K tons. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 409%. As a result, imports attained the peak of 1.9K tons, and then fell remarkably in the following year.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat shrank notably to $7.9M in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 630%. As a result, imports reached the peak of $11M, and then reduced sharply in the following year.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Italy in 2022:

1. Poland (864.0 tons)
2. Denmark (220.1 tons)
3. Ireland (67.6 tons)
4. Netherlands (22.0 tons)
5. Germany (18.2 tons)
6. France (13.7 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Italy

In 2022, approx. 550 tons of frozen carcasses and half-carcasses of bovine meat were exported from Italy; picking up by 34% against the previous year. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $3.2M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Italy in 2022:

1. France (492.2 tons)
2. Cote d'Ivoire (25.0 tons)
3. Germany (8.0 tons)

Source: IndexBox Market Intelligence Platform