Price for Meat of Bovine Animals; Frozen in Germany - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Germany (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Germany (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Germany
- Exports of Meat of Bovine Animals; Frozen in Germany
Price for Meat of Bovine Animals; Frozen in Germany (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,937 per ton in July 2023, approximately equating the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 12% m-o-m. The import price peaked at $7,000 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat 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 Uruguay ($12,145 per ton), while the price for the UK ($1,984 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 Argentina (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Germany (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $7,153 per ton in July 2023, remaining stable against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. The export price peaked at $7,695 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($24,960 per ton), while the average price for exports to the UK ($2,121 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 Switzerland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Germany
In 2022, overseas purchases of meat of bovine animals; frozen were finally on the rise to reach 53K tons after two years of decline. In general, imports, however, saw a abrupt downturn.
In value terms, meat of bovine animals; frozen imports soared to $380M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 112 | 91.7 | 103 | 125 | 3.7% |
| Austria | 61.5 | 47.5 | 51.7 | 79.4 | 8.9% |
| Poland | 31.4 | 33.6 | 37.3 | 54.1 | 19.9% |
| Ireland | 12.9 | 9.7 | 14.6 | 27.6 | 28.9% |
| Belgium | 6.4 | 13.5 | 17.4 | 14.5 | 31.3% |
| Italy | 6.5 | 5.9 | 13.1 | 13.7 | 28.2% |
| Spain | 9.4 | 6.6 | 10.2 | 13.4 | 12.5% |
| Brazil | 29.7 | 11.7 | 6.1 | 13.2 | -23.7% |
| Argentina | 8.7 | 8.0 | 5.8 | 10.5 | 6.5% |
| Uruguay | 11.6 | 5.3 | 3.3 | 6.8 | -16.3% |
| United Kingdom | 10.6 | 9.8 | 0.2 | 2.5 | -38.2% |
| Others | 20.2 | 8.9 | 9.9 | 19.6 | -1.0% |
| Total | 321 | 252 | 273 | 380 | 5.8% |
Top Suppliers of Meat of Bovine Animals; Frozen to Germany in 2022:
- Netherlands (17.2K tons)
- Austria (11.8K tons)
- Poland (9.7K tons)
- Ireland (4.1K tons)
- Spain (2.0K tons)
- Italy (1.6K tons)
- Belgium (1.5K tons)
- Brazil (1.3K tons)
- Argentina (1.1K tons)
- Uruguay (0.6K tons)
- United Kingdom (0.5K tons)
Exports of Meat of Bovine Animals; Frozen in Germany
In 2022, meat of bovine animals; frozen exports from Germany rose significantly to 47K tons, increasing by 11% compared with the year before. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, meat of bovine animals; frozen exports surged to $359M in 2022. Overall, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 21.9 | 18.4 | 23.6 | 71.0 | 48.0% |
| France | 51.4 | 29.6 | 36.0 | 70.1 | 10.9% |
| United Kingdom | 3.5 | 7.6 | 16.4 | 36.4 | 118.3% |
| Spain | 7.6 | 6.0 | 13.9 | 26.6 | 51.8% |
| Netherlands | 62.8 | 46.8 | 34.2 | 25.7 | -25.8% |
| Sweden | 9.4 | 6.3 | 17.4 | 22.1 | 33.0% |
| Italy | 5.1 | 4.2 | 6.9 | 10.5 | 27.2% |
| Denmark | 4.6 | 9.0 | 8.2 | 9.7 | 28.2% |
| Switzerland | 2.3 | 3.7 | 3.4 | 8.5 | 54.6% |
| Poland | 2.9 | 3.3 | 14.3 | 5.9 | 26.7% |
| Others | 49.8 | 38.2 | 42.5 | 72.8 | 13.5% |
| Total | 221 | 173 | 217 | 359 | 17.6% |
Top Export Markets for Meat of Bovine Animals; Frozen from Germany in 2022:
- France (10.4K tons)
- Austria (8.5K tons)
- United Kingdom (4.8K tons)
- Spain (4.1K tons)
- Sweden (3.2K tons)
- Netherlands (3.1K tons)
- Switzerland (1.5K tons)
- Denmark (1.2K tons)
- Poland (1.2K tons)
- Italy (1.1K tons)
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