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

Contents:

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

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the UK (FOB) - 2022

The average export price for frozen carcasses and half-carcasses of bovine meat stood at $5,859 per ton in 2022, waning by -32.9% against the previous year. In general, the export price, however, enjoyed tangible growth. The growth pace was the most rapid in 2020 when the average export price increased by 48%. The export price peaked at $8,733 per ton in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($97,577 per ton), while the average price for exports to Ghana ($569 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 (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the UK (CIF) - 2023

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $5,862 per ton in November 2023, leveling off at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 48% month-to-month. The import price peaked at $6,241 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Ireland.

From November 2022 to November 2023, the rate of growth in terms of prices for Ireland amounted to +0.5% per month.

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the UK

After two years of decline, overseas shipments of frozen carcasses and half-carcasses of bovine meat increased by 387% to 2K tons in 2022. Over the period under review, exports recorded a strong increase. As a result, the exports reached 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 surged to $12M in 2022. Overall, exports posted a prominent increase. 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 the UK in 2022:

1. Japan (1213.3 tons)
2. Canada (308.0 tons)
3. Hong Kong SAR (99.5 tons)
4. Philippines (88.7 tons)
5. United States (70.4 tons)
6. China (49.2 tons)
7. Ghana (46.3 tons)
8. Belgium (0.5 tons)

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the UK

In 2022, imports of frozen carcasses and half-carcasses of bovine meat into the UK expanded remarkably to 416 tons, with an increase of 8% against the previous year's figure. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 62%.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat rose markedly to $2.3M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 208% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Ireland (408.3 tons)
2. Poland (4.1 tons)
3. France (1.6 tons)

Source: IndexBox Market Intelligence Platform