Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (FOB) - 2023
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,686 per ton in October 2023, remaining constant against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 an increase of 36% m-o-m. As a result, import price reached the peak level of $5,536 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($17,414 per ton), while the price for Portugal ($2,450 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+119.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (FOB) - 2023
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,374 per ton in November 2023, which is down by -30.9% against the previous month. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in October 2023 an increase of 151% against the previous month. Over the period under review, the average export prices hit record highs at $7,028 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($14,333 per ton), while the average price for exports to Sierra Leone ($1,801 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
In 2022, approx. 1.7K tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Belgium; picking up by 142% on the previous year. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $7.5M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 70.1 | 936 | 233 | 3,365 | 263.4% |
| Netherlands | 2,845 | 2,144 | 2,360 | 2,431 | -5.1% |
| France | 608 | 827 | 667 | 529 | -4.5% |
| Ireland | 52.3 | 30.2 | 36.6 | 438 | 103.1% |
| Luxembourg | 49.3 | 58.4 | 142 | 172 | 51.7% |
| Spain | 275 | 204 | 125 | 98.4 | -29.0% |
| Others | 269 | 288 | 254 | 491 | 22.2% |
| Total | 4,169 | 4,487 | 3,818 | 7,526 | 21.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Belgium in 2022:
- Germany (879.4 tons)
- Netherlands (528.3 tons)
- France (126.3 tons)
- Ireland (77.1 tons)
- Luxembourg (28.5 tons)
- Spain (4.7 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Belgium soared to 1.3K tons, with an increase of 239% compared with 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $3.9M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 560 | 389 | 339 | 1,226 | 29.8% |
| Ghana | 34.5 | 40.5 | 111 | 983 | 205.4% |
| Philippines | 0.4 | N/A | N/A | 190 | 680.2% |
| Denmark | 27.3 | 84.6 | 164 | 184 | 88.9% |
| Germany | 219 | 25.8 | 70.2 | 142 | -13.4% |
| Sierra Leone | 0.4 | 4.7 | 3.0 | 126 | 580.4% |
| Congo | 0.2 | 55.5 | 104 | 120 | 743.4% |
| United States | N/A | N/A | 32.2 | 85.7 | 166.1% |
| Democratic Republic of the Congo | 11.3 | N/A | 86.6 | 63.8 | 78.1% |
| France | 266 | 57.5 | 44.6 | 53.9 | -41.3% |
| Malaysia | N/A | N/A | N/A | 31.1 | 0% |
| United Kingdom | 190 | 150 | 16.8 | 28.0 | -47.2% |
| Portugal | 193 | 55.6 | 134 | 25.4 | -49.1% |
| Others | 399 | 276 | 472 | 664 | 18.5% |
| Total | 1,902 | 1,138 | 1,577 | 3,924 | 27.3% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Belgium in 2022:
- Ghana (723.0 tons)
- Netherlands (178.1 tons)
- Sierra Leone (98.8 tons)
- Philippines (51.6 tons)
- Democratic Republic of the Congo (33.9 tons)
- Malaysia (24.8 tons)
- United States (24.7 tons)
- United Kingdom (21.4 tons)
- Denmark (20.4 tons)
- Congo (19.8 tons)
- Germany (18.3 tons)
- France (10.1 tons)
- Portugal (2.7 tons)
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