Price for Meat of Bovine Animals; Fresh or Chilled in New Zealand - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in New Zealand (FOB) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in New Zealand (CIF) - 2024
- Exports of Meat of Bovine Animals; Fresh or Chilled in New Zealand
- Imports of Meat of Bovine Animals; Fresh or Chilled in New Zealand
Price for Meat of Bovine Animals; Fresh or Chilled in New Zealand (FOB) - 2024
The average export price for meat of bovine animals; fresh or chilled stood at $9,792 per ton in January 2024, increasing by 3.7% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 6.7% month-to-month. The export price peaked at $10,168 per ton in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($18,490 per ton), while the average price for exports to China ($5,733 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in New Zealand (CIF) - 2024
In January 2024, the average import price for meat of bovine animals; fresh or chilled amounted to $11,483 per ton, surging by 3.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the peak figure in January 2024.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From January 2023 to January 2024, the rate of growth in terms of prices for Australia amounted to +0.5% per month.
Exports of Meat of Bovine Animals; Fresh or Chilled in New Zealand
After three years of growth, overseas shipments of meat of bovine animals; fresh or chilled decreased by -8.3% to 36K tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 9.3%. As a result, the exports attained the peak of 39K tons, and then contracted in the following year.
In value terms, exports of meat of bovine animals; fresh or chilled shrank to $374M in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $378M, leveling off in the following year.
| Export of Meat of Bovine Animals; Fresh or Chilled in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.7 | 44.8 | 88.6 | 76.2 | 30.0% |
| China | 62.2 | 60.4 | 74.6 | 74.3 | 6.1% |
| Japan | 64.2 | 56.9 | 64.9 | 67.0 | 1.4% |
| United Arab Emirates | 23.2 | 21.1 | 23.5 | 20.4 | -4.2% |
| Singapore | 12.0 | 12.1 | 14.0 | 18.1 | 14.7% |
| French Polynesia | 16.5 | 15.8 | 16.9 | 16.7 | 0.4% |
| Australia | 3.5 | 6.9 | 10.1 | 11.6 | 49.1% |
| Canada | 4.1 | 6.4 | 9.7 | 11.0 | 39.0% |
| Hong Kong SAR | 5.9 | 5.6 | 7.8 | 8.7 | 13.8% |
| Taiwan (Chinese) | 10.9 | 10.7 | 8.6 | 7.2 | -12.9% |
| New Caledonia | 7.1 | 7.8 | 7.9 | 6.7 | -1.9% |
| Oman | 6.1 | 7.0 | 5.2 | 5.8 | -1.7% |
| Kuwait | 4.4 | 5.0 | 5.4 | 5.4 | 7.1% |
| Others | 50.6 | 36.3 | 40.2 | 45.2 | -3.7% |
| Total | 305 | 297 | 378 | 374 | 7.0% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from New Zealand in 2022:
- China (9.5K tons)
- Japan (6.8K tons)
- United States (5.8K tons)
- United Arab Emirates (2.0K tons)
- French Polynesia (1.6K tons)
- Singapore (1.3K tons)
- Australia (1.1K tons)
- Canada (1.0K tons)
- Oman (0.7K tons)
- New Caledonia (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Kuwait (0.6K tons)
- Hong Kong SAR (0.6K tons)
Imports of Meat of Bovine Animals; Fresh or Chilled in New Zealand
In 2022, after two years of decline, there was significant growth in overseas purchases of meat of bovine animals; fresh or chilled, when their volume increased by 80% to 1.3K tons. In general, imports, however, recorded a deep contraction.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $11M in 2022. Over the period under review, imports, however, saw a abrupt decrease.
| Import of Meat of Bovine Animals; Fresh or Chilled in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 14.5 | 7.0 | 6.4 | 11.2 | -8.2% |
| Others | 0.5 | 2.0 | 0.2 | 0.2 | -26.3% |
| Total | 15.0 | 9.0 | 6.6 | 11.4 | -8.7% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to New Zealand in 2022:
- Australia (1284.9 tons)
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