Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany - 2023

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (CIF) - 2023
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (FOB) - 2023
3. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany
4. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (CIF) - 2023

In October 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,280 per ton, shrinking by -22.2% against the previous month. Overall, the import price saw a mild setback. The pace of growth was the most pronounced in December 2022 when the average import price increased by 32% m-o-m. Over the period under review, average import prices hit record highs at $7,097 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($9,852 per ton), while the price for Poland ($3,971 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 Austria (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany (FOB) - 2023

In November 2023, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $9,183 per ton, declining by -7.5% against the previous month. Overall, export price indicated a perceptible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +13.5% against September 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 105% against the previous month. The export price peaked at $12,973 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($12,201 per ton), while the average price for exports to Bulgaria ($1,362 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 Poland (+15.0%), 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 Germany

In 2022, overseas purchases of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -6.2% to 4.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, imports reached the peak of 4.5K tons, and then dropped in the following year.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded slightly to $26M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Germany in 2022:

1. Netherlands (2226.1 tons)
2. Poland (1051.5 tons)
3. Belgium (458.1 tons)
4. Austria (196.7 tons)
5. Ireland (138.6 tons)
6. Italy (68.8 tons)

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Germany

In 2022, after two years of decline, there was significant growth in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 52% to 1.6K tons. Overall, exports, however, recorded a deep contraction.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $11M in 2022. In general, exports, however, saw a pronounced contraction.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Germany in 2022:

1. Spain (417.2 tons)
2. France (400.1 tons)
3. Austria (123.6 tons)
4. Netherlands (106.7 tons)
5. Denmark (57.3 tons)
6. Sweden (54.2 tons)
7. Greece (54.1 tons)
8. Italy (41.3 tons)
9. Canada (0.9 tons)

Source: IndexBox Market Intelligence Platform