Price for Meat of Bovine Animals; Frozen in Belgium - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Belgium (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Belgium (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Belgium
- Exports of Meat of Bovine Animals; Frozen in Belgium
Price for Meat of Bovine Animals; Frozen in Belgium (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,531 per ton in July 2023, surging by 12% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 17% m-o-m. The import price peaked at $7,689 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Ireland ($7,739 per ton), while the price for Italy ($4,027 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Belgium (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $6,374 per ton, picking up by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($11,908 per ton), while the average price for exports to Ghana ($1,599 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 Gabon (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Belgium
In 2022, meat of bovine animals; frozen imports into Belgium declined to 13K tons, with a decrease of -1.8% on the previous year. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 13K tons, and then declined slightly in the following year.
In value terms, meat of bovine animals; frozen imports skyrocketed to $81M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.2 | 21.5 | 28.5 | 33.5 | 13.0% |
| Netherlands | 12.2 | 10.7 | 15.6 | 19.1 | 16.1% |
| Germany | 0.6 | 2.5 | 1.5 | 5.8 | 113.0% |
| Ireland | 1.6 | 1.3 | 2.4 | 5.3 | 49.1% |
| Poland | 0.7 | 3.0 | 6.4 | 5.0 | 92.6% |
| Italy | 2.5 | 2.5 | 2.6 | 3.5 | 11.9% |
| Spain | 0.6 | 1.1 | 1.5 | 2.2 | 54.2% |
| Others | 1.8 | 2.1 | 3.1 | 6.3 | 51.8% |
| Total | 43.3 | 44.7 | 61.6 | 80.8 | 23.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Belgium in 2022:
- France (5.0K tons)
- Netherlands (3.5K tons)
- Germany (1.2K tons)
- Poland (0.8K tons)
- Ireland (0.8K tons)
- Italy (0.7K tons)
- Spain (0.4K tons)
Exports of Meat of Bovine Animals; Frozen in Belgium
In 2022, after three years of growth, there was decline in shipments abroad of meat of bovine animals; frozen, when their volume decreased by -0.3% to 11K tons. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 9.7% against the previous year.
In value terms, meat of bovine animals; frozen exports surged to $72M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.3 | 7.0 | 7.8 | 15.6 | 35.3% |
| Germany | 9.9 | 7.4 | 11.6 | 11.6 | 5.4% |
| France | 4.9 | 6.7 | 7.4 | 8.1 | 18.2% |
| United Kingdom | 5.1 | 7.7 | 3.3 | 6.6 | 9.0% |
| Greece | 3.5 | 1.3 | 2.8 | 5.4 | 15.6% |
| Denmark | 0.5 | 0.7 | 1.6 | 2.1 | 61.3% |
| Sweden | 1.5 | 2.4 | 2.2 | 2.1 | 11.9% |
| Ghana | 0.1 | 0.5 | 1.9 | 1.9 | 166.8% |
| Luxembourg | 0.8 | 0.9 | 1.4 | 1.7 | 28.6% |
| Hungary | 0.6 | 0.3 | 1.1 | 1.7 | 41.5% |
| Gabon | 0.1 | 0.9 | 1.4 | 1.4 | 141.0% |
| Others | 5.5 | 6.7 | 11.0 | 13.6 | 35.2% |
| Total | 39.0 | 42.6 | 53.5 | 71.8 | 22.6% |
Top Export Markets for Meat of Bovine Animals; Frozen from Belgium in 2022:
- Netherlands (2074.3 tons)
- Germany (1888.2 tons)
- United Kingdom (1278.7 tons)
- France (1209.9 tons)
- Ghana (1158.8 tons)
- Greece (818.0 tons)
- Sweden (265.0 tons)
- Gabon (242.6 tons)
- Luxembourg (197.5 tons)
- Hungary (187.5 tons)
- Denmark (172.9 tons)
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