Price for Meat of Bovine Animals; Frozen in Portugal - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Portugal (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Portugal (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Portugal
- Exports of Meat of Bovine Animals; Frozen in Portugal
Price for Meat of Bovine Animals; Frozen in Portugal (CIF) - 2023
In July 2023, the average import price for meat of bovine animals; frozen amounted to $7,486 per ton, picking up by 1.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $7,889 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 France ($11,661 per ton), while the price for Germany ($4,002 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 Ireland (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Portugal (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $7,135 per ton in July 2023, rising by 8.9% against the previous month. Over the period under review, export price indicated a perceptible increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, meat of bovine animals; frozen export price increased by +23.9% against April 2023 indices. The growth pace was the most rapid in May 2023 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices reached the maximum at $8,147 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($20,165 per ton), while the average price for exports to Lithuania ($2,270 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 the Netherlands (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Portugal
Meat of bovine animals; frozen imports into Portugal surged to 22K tons in 2022, rising by 30% on the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports surged to $161M in 2022. Overall, imports recorded a significant expansion. 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 43.5 | 38.4 | 45.3 | 58.4 | 10.3% |
| Netherlands | 12.3 | 9.3 | 19.9 | 31.0 | 36.1% |
| Ireland | 3.1 | 4.3 | 3.9 | 16.4 | 74.2% |
| Uruguay | 3.5 | 3.0 | 4.6 | 13.0 | 54.9% |
| France | 2.8 | 2.6 | 5.1 | 11.1 | 58.3% |
| Brazil | 4.8 | 1.3 | 1.6 | 10.1 | 28.1% |
| Germany | 6.0 | 2.9 | 3.6 | 4.5 | -9.1% |
| Poland | 1.4 | 1.8 | 2.6 | 3.7 | 38.3% |
| Others | 11.0 | 5.7 | 7.3 | 13.1 | 6.0% |
| Total | 88.4 | 69.4 | 93.9 | 161 | 22.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Portugal in 2022:
- Spain (9.1K tons)
- Netherlands (4.1K tons)
- Ireland (2.7K tons)
- France (1.4K tons)
- Uruguay (1.1K tons)
- Brazil (1.0K tons)
- Poland (0.5K tons)
- Germany (0.4K tons)
Exports of Meat of Bovine Animals; Frozen in Portugal
In 2022, meat of bovine animals; frozen exports from Portugal soared to 2.5K tons, with an increase of 23% against the year before. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, meat of bovine animals; frozen exports skyrocketed to $14M in 2022. Over the period under review, exports showed prominent growth. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 411 | 1,252 | 1,591 | 3,813 | 110.1% |
| Angola | 2,111 | 1,097 | 1,769 | 2,484 | 5.6% |
| Spain | 5,673 | 1,964 | 1,700 | 2,357 | -25.4% |
| Greece | N/A | N/A | 1.6 | 981 | 61212.5% |
| United Kingdom | 13.6 | 278 | 1,194 | 926 | 308.3% |
| Cabo Verde | 427 | 272 | 693 | 755 | 20.9% |
| Italy | 58.4 | 0.3 | 315 | 680 | 126.7% |
| Germany | 1,496 | 699 | 668 | 586 | -26.8% |
| Netherlands | 9.9 | 508 | 210 | 238 | 188.6% |
| Guinea-Bissau | 99.7 | 61.4 | 119 | 136 | 10.9% |
| Hong Kong SAR | N/A | 0.4 | 380 | 71.8 | 1239.8% |
| Cote d'Ivoire | N/A | N/A | N/A | 21.3 | 0% |
| Others | 431 | 500 | 693 | 679 | 16.4% |
| Total | 10,731 | 6,632 | 9,334 | 13,729 | 8.6% |
Top Export Markets for Meat of Bovine Animals; Frozen from Portugal in 2022:
- France (577.2 tons)
- Spain (453.7 tons)
- Angola (354.5 tons)
- Italy (252.2 tons)
- United Kingdom (180.3 tons)
- Greece (153.2 tons)
- Cabo Verde (113.7 tons)
- Germany (92.6 tons)
- Netherlands (76.4 tons)
- Hong Kong SAR (51.5 tons)
- Cote d'Ivoire (36.4 tons)
- Guinea-Bissau (27.4 tons)
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