Price for Meat of Bovine Animals; Frozen in Spain - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Spain (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Spain (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Spain
- Imports of Meat of Bovine Animals; Frozen in Spain
Price for Meat of Bovine Animals; Frozen in Spain (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $6,176 per ton in 2022, surging by 25% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat of bovine animals; frozen export price increased by +76.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($7,626 per ton), while the average price for exports to Vietnam ($3,537 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 Poland (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Spain (CIF) - 2023
In July 2023, the average import price for meat of bovine animals; frozen amounted to $5,575 per ton, reducing by -3.4% against the previous month. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in March 2023 an increase of 9.8% against the previous month. The import price peaked at $6,816 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($10,197 per ton), while the price for Ireland ($4,445 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 (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Meat of Bovine Animals; Frozen in Spain
Meat of bovine animals; frozen exports from Spain fell modestly to 47K tons in 2022, with a decrease of -3% against the previous year. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports reached the peak of 49K tons, and then declined in the following year.
In value terms, meat of bovine animals; frozen exports soared to $292M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 32.2 | 24.2 | 35.9 | 73.6 | 31.7% |
| Portugal | 36.4 | 46.2 | 66.0 | 61.5 | 19.1% |
| Morocco | 12.7 | 8.7 | 11.6 | 20.6 | 17.5% |
| Canada | 2.8 | 17.5 | 17.9 | 18.9 | 89.0% |
| Netherlands | 13.9 | 17.8 | 19.4 | 15.7 | 4.1% |
| Germany | 13.2 | 8.2 | 10.0 | 11.0 | -5.9% |
| Philippines | N/A | N/A | 4.8 | 9.8 | 104.2% |
| Poland | 1.3 | 1.0 | 4.0 | 9.6 | 94.7% |
| Vietnam | 2.8 | 2.6 | 8.2 | 7.8 | 40.7% |
| Japan | N/A | 0.1 | 3.1 | 6.4 | 700.0% |
| Ireland | 2.0 | 3.5 | 3.3 | 6.3 | 46.6% |
| Indonesia | 8.9 | 9.4 | 12.0 | 4.1 | -22.8% |
| Greece | 1.0 | 0.5 | 1.8 | 4.1 | 60.1% |
| Others | 40.6 | 39.6 | 43.5 | 42.9 | 1.9% |
| Total | 168 | 179 | 242 | 292 | 20.2% |
Top Export Markets for Meat of Bovine Animals; Frozen from Spain in 2022:
- France (11.5K tons)
- Portugal (8.9K tons)
- Canada (3.2K tons)
- Morocco (2.8K tons)
- Philippines (2.7K tons)
- Netherlands (2.5K tons)
- Vietnam (2.2K tons)
- Germany (1.9K tons)
- Poland (1.3K tons)
- Ireland (1.1K tons)
- Indonesia (1.0K tons)
- Japan (0.9K tons)
- Greece (0.8K tons)
Imports of Meat of Bovine Animals; Frozen in Spain
In 2022, approx. 34K tons of meat of bovine animals; frozen were imported into Spain; growing by 17% against 2021 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, meat of bovine animals; frozen imports surged to $222M in 2022. Over the period under review, imports continue to indicate buoyant growth. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 21.5 | 13.8 | 22.1 | 44.8 | 27.7% |
| Germany | 21.5 | 15.6 | 21.4 | 34.8 | 17.4% |
| Poland | 25.6 | 14.4 | 19.7 | 28.6 | 3.8% |
| France | 10.1 | 11.4 | 12.3 | 20.3 | 26.2% |
| Ireland | 14.8 | 9.3 | 11.1 | 19.6 | 9.8% |
| Netherlands | 11.0 | 10.1 | 16.5 | 19.2 | 20.4% |
| Portugal | 9.5 | 9.4 | 9.2 | 16.2 | 19.5% |
| Uruguay | 8.9 | 7.5 | 8.6 | 11.5 | 8.9% |
| Denmark | 2.0 | 2.9 | 5.9 | 10.4 | 73.2% |
| Italy | 4.9 | 4.2 | 4.4 | 9.2 | 23.4% |
| Others | 8.8 | 4.8 | 5.2 | 7.6 | -4.8% |
| Total | 139 | 103 | 137 | 222 | 16.9% |
Top Suppliers of Meat of Bovine Animals; Frozen to Spain in 2022:
- Germany (6.5K tons)
- Brazil (5.8K tons)
- Poland (5.1K tons)
- Ireland (4.0K tons)
- France (2.9K tons)
- Portugal (2.8K tons)
- Netherlands (2.0K tons)
- Denmark (1.4K tons)
- Italy (1.3K tons)
- Uruguay (1.0K tons)
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