Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the UK - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (CIF) - 2023
In November 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $8,142 per ton, standing approximately at the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 5.4% month-to-month. The import price peaked at $8,499 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Australia ($10,788 per ton) and Brazil ($9,080 per ton), while the price for the Netherlands ($7,565 per ton) and Ireland ($7,841 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (FOB) - 2023
In November 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $7,941 per ton, with an increase of 6.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 11% month-to-month. The export price peaked at $8,759 per ton in May 2023; however, from June 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was France ($10,463 per ton), while the average price for exports to Ireland ($6,089 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 (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK
Imports of fresh or chilled boneless cuts of bovine meat into the UK fell to 120K tons in 2022, with a decrease of -14.1% on 2021 figures. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 3.8%. As a result, imports attained the peak of 139K tons, and then reduced in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat reduced to $943M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of $1B, and then reduced in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 620 | 662 | 798 | 709 | 4.6% |
| Poland | 38.9 | 40.5 | 58.3 | 68.6 | 20.8% |
| Netherlands | 70.5 | 50.8 | 60.7 | 46.7 | -12.8% |
| Brazil | 5.3 | 3.4 | 15.8 | 28.8 | 75.8% |
| Uruguay | 16.7 | 9.2 | 16.9 | 24.7 | 13.9% |
| Others | 78.5 | 45.8 | 62.6 | 65.8 | -5.7% |
| Total | 830 | 812 | 1,012 | 943 | 4.3% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to the UK in 2022:
- Ireland (92.4K tons)
- Poland (8.9K tons)
- Netherlands (6.8K tons)
- Brazil (2.9K tons)
- Uruguay (2.0K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of fresh or chilled boneless cuts of bovine meat, when their volume increased by 21% to 48K tons. In general, exports, however, showed a deep contraction.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $345M in 2022. Overall, exports, however, showed a mild downturn.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 58.1 | 46.3 | 80.4 | 79.1 | 10.8% |
| Ireland | 133 | 102 | 99.2 | 29.6 | -39.4% |
| Netherlands | 61.7 | 46.3 | 42.0 | 23.5 | -27.5% |
| Italy | 40.1 | 28.6 | 15.4 | 2.9 | -58.3% |
| Denmark | 11.3 | 14.3 | 2.5 | 1.7 | -46.8% |
| Germany | 17.0 | 11.1 | 9.4 | 1.5 | -55.5% |
| Others | 42.4 | 36.5 | 22.0 | 207 | 69.6% |
| Total | 363 | 286 | 271 | 345 | -1.7% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from the UK in 2022:
- France (7.9K tons)
- Ireland (5.8K tons)
- Netherlands (3.9K tons)
- Italy (0.4K tons)
- Denmark (0.2K tons)
- Germany (0.2K tons)
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