Price for Meat of Bovine Animals; Frozen in Denmark - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Denmark (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Denmark (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Denmark
- Imports of Meat of Bovine Animals; Frozen in Denmark
Price for Meat of Bovine Animals; Frozen in Denmark (FOB) - 2023
In July 2023, the average export price for meat of bovine animals; frozen amounted to $6,233 per ton, surging by 3.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices hit record highs at $6,879 per ton in November 2022; however, from December 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($13,096 per ton), while the average price for exports to Hungary ($3,870 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Denmark (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $9,361 per ton in July 2023, rising by 8.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in November 2022 an increase of 26% m-o-m. The import price peaked at $9,870 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($17,470 per ton), while the price for Germany ($6,653 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 the Netherlands (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Denmark
In 2022, overseas shipments of meat of bovine animals; frozen decreased by -21.9% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of 14K tons, and then contracted rapidly in the following year.
In value terms, meat of bovine animals; frozen exports rose markedly to $74M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Meat of Bovine Animals; Frozen in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 6.2 | 9.5 | 9.5 | 23.8% |
| Spain | 1.2 | 2.6 | 6.6 | 8.5 | 92.0% |
| Greenland | 6.1 | 5.3 | 6.4 | 8.0 | 9.5% |
| Sweden | 5.6 | 4.5 | 5.2 | 7.6 | 10.7% |
| South Korea | 0.1 | 1.0 | 4.1 | 5.0 | 268.4% |
| Iceland | 2.1 | 0.7 | 1.7 | 4.4 | 28.0% |
| Greece | 1.4 | 1.8 | 1.6 | 4.1 | 43.1% |
| Vietnam | 1.7 | 2.3 | 7.4 | 4.1 | 34.1% |
| Portugal | 0.7 | 0.6 | 2.6 | 2.7 | 56.8% |
| Hungary | N/A | 0.4 | 1.5 | 2.3 | 139.8% |
| Italy | 5.0 | 1.3 | 2.0 | 2.2 | -23.9% |
| Philippines | 0.3 | 0.8 | 2.6 | 1.8 | 81.7% |
| Bulgaria | 0.8 | 0.7 | 0.4 | 1.6 | 26.0% |
| Others | 9.8 | 12.7 | 16.9 | 12.0 | 7.0% |
| Total | 34.9 | 40.9 | 68.5 | 73.7 | 28.3% |
Top Export Markets for Meat of Bovine Animals; Frozen from Denmark in 2022:
- Canada (1804.9 tons)
- Sweden (1113.1 tons)
- Spain (1023.7 tons)
- South Korea (804.9 tons)
- Greenland (798.9 tons)
- Greece (747.8 tons)
- Vietnam (633.4 tons)
- Hungary (443.5 tons)
- Philippines (426.8 tons)
- Bulgaria (379.1 tons)
- Portugal (365.9 tons)
- Italy (313.4 tons)
- Iceland (282.1 tons)
Imports of Meat of Bovine Animals; Frozen in Denmark
For the third year in a row, Denmark recorded decline in supplies from abroad of meat of bovine animals; frozen, which decreased by -9.4% to 7.2K tons in 2022. Over the period under review, imports saw a abrupt decrease. The smallest decline of -2.1% was in 2020.
In value terms, meat of bovine animals; frozen imports expanded markedly to $59M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.8 | 14.7 | 17.2 | 21.1 | 5.8% |
| Netherlands | 9.8 | 11.8 | 14.0 | 13.3 | 10.7% |
| Germany | 6.4 | 4.2 | 4.2 | 6.9 | 2.5% |
| Ireland | 2.8 | 2.1 | 2.5 | 3.8 | 10.7% |
| Uruguay | 3.7 | 2.2 | 3.4 | 3.6 | -0.9% |
| Poland | 1.1 | 1.2 | 1.6 | 2.4 | 29.7% |
| New Zealand | 4.2 | 1.9 | 0.9 | 1.9 | -23.2% |
| Belgium | 0.4 | 2.0 | 2.1 | 1.5 | 55.4% |
| United Kingdom | 1.8 | 2.2 | N/A | 0.8 | -23.7% |
| Austria | 0.1 | 4.0 | 2.5 | 0.5 | 71.0% |
| Others | 2.9 | 3.1 | 3.8 | 3.3 | 4.4% |
| Total | 51.1 | 49.4 | 52.2 | 59.0 | 4.9% |
Top Suppliers of Meat of Bovine Animals; Frozen to Denmark in 2022:
- Italy (2871.1 tons)
- Netherlands (1328.8 tons)
- Germany (1066.5 tons)
- Ireland (597.1 tons)
- Poland (321.0 tons)
- Uruguay (227.4 tons)
- United Kingdom (146.5 tons)
- Belgium (131.6 tons)
- New Zealand (126.3 tons)
- Austria (64.0 tons)
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