Price for Meat of Bovine Animals; Fresh or Chilled in Thailand - 2024

Contents:

1. Price for Meat of Bovine Animals; Fresh or Chilled in Thailand (CIF) - 2024
2. Price for Meat of Bovine Animals; Fresh or Chilled in Thailand (FOB) - 2022
3. Imports of Meat of Bovine Animals; Fresh or Chilled in Thailand
4. Exports of Meat of Bovine Animals; Fresh or Chilled in Thailand

Price for Meat of Bovine Animals; Fresh or Chilled in Thailand (CIF) - 2024

The average import price for meat of bovine animals; fresh or chilled stood at $15,323 per ton in January 2024, with a decrease of -4.3% against the previous month. In general, the import price showed a slight decrease. The pace of growth was the most pronounced in March 2023 an increase of 10% month-to-month. The import price peaked at $20,918 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.

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 -1.6% per month.

Price for Meat of Bovine Animals; Fresh or Chilled in Thailand (FOB) - 2022

In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $9,600 per ton, waning by -55.2% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 166% against the previous year. The export price peaked at $21,440 per ton in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +16.2% per year.

Imports of Meat of Bovine Animals; Fresh or Chilled in Thailand

In 2022, purchases abroad of meat of bovine animals; fresh or chilled decreased by -5.5% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41%.

In value terms, imports of meat of bovine animals; fresh or chilled soared to $57M in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 97% 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 Meat of Bovine Animals; Fresh or Chilled to Thailand in 2022:

1. Australia (3.1K tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Thailand

In 2022, after two years of decline, there was significant decline in shipments abroad of meat of bovine animals; fresh or chilled, when their volume decreased by -98.3% to 10 kg. In general, exports showed a dramatic decline.

In value terms, exports of meat of bovine animals; fresh or chilled reduced dramatically to $96 in 2022. Overall, exports continue to indicate a dramatic setback.

Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Thailand in 2022:

1. Bangladesh (10.0 kg)

Source: IndexBox Market Intelligence Platform