Price for Meat of Bovine Animals; Fresh or Chilled in Ireland - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Ireland (FOB) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Ireland (CIF) - 2022
- Exports of Meat of Bovine Animals; Fresh or Chilled in Ireland
- Imports of Meat of Bovine Animals; Fresh or Chilled in Ireland
Price for Meat of Bovine Animals; Fresh or Chilled in Ireland (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $7,985 per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is likely to see gradual 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 Belgium ($12,790 per ton), while the average price for exports to Sweden ($6,918 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 France (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Ireland (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $2,882 per ton, with a decrease of -46.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $6,302 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($5,872 per ton), while the price for the UK ($2,759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Meat of Bovine Animals; Fresh or Chilled in Ireland
In 2022, overseas shipments of meat of bovine animals; fresh or chilled were finally on the rise to reach 259K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a noticeable curtailment.
In value terms, exports of meat of bovine animals; fresh or chilled expanded notably to $2.1B in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 7.6%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Meat of Bovine Animals; Fresh or Chilled in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 828 | 871 | 884 | 913 | 3.3% |
| Italy | 211 | 189 | 205 | 242 | 4.7% |
| France | 170 | 153 | 176 | 232 | 10.9% |
| Netherlands | 195 | 193 | 209 | 214 | 3.1% |
| Germany | 136 | 146 | 149 | 132 | -1.0% |
| Sweden | 45.1 | 48.5 | 84.3 | 76.9 | 19.5% |
| Belgium | 49.4 | 49.3 | 72.7 | 73.4 | 14.1% |
| Spain | 49.0 | 37.2 | 32.9 | 42.2 | -4.9% |
| Denmark | 38.0 | 28.3 | 26.7 | 28.1 | -9.6% |
| Others | 89.4 | 96.5 | 110 | 114 | 8.4% |
| Total | 1,810 | 1,812 | 1,950 | 2,067 | 4.5% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Ireland in 2022:
- United Kingdom (126.6K tons)
- France (29.3K tons)
- Italy (26.8K tons)
- Netherlands (26.1K tons)
- Germany (14.5K tons)
- Sweden (11.1K tons)
- Belgium (5.7K tons)
- Spain (4.8K tons)
- Denmark (3.6K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in Ireland
In 2022, approx. 42K tons of meat of bovine animals; fresh or chilled were imported into Ireland; jumping by 93% compared with 2021 figures. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled stood at $120M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 85.9 | 86.7 | 105 | 108 | 7.9% |
| Spain | 4.9 | 5.9 | 5.3 | 5.3 | 2.7% |
| Netherlands | 2.0 | 1.4 | 1.8 | 2.3 | 4.8% |
| Others | 5.4 | 6.1 | 3.8 | 3.6 | -12.6% |
| Total | 98.2 | 100 | 116 | 120 | 6.9% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Ireland in 2022:
- United Kingdom (39.3K tons)
- Spain (0.9K tons)
- Netherlands (0.6K tons)
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