Price for Frozen Boneless Cuts of Bovine Meat in Italy - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Italy (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Italy (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Italy
- Exports of Frozen Boneless Cuts of Bovine Meat in Italy
Price for Frozen Boneless Cuts of Bovine Meat in Italy (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $6,393 per ton in October 2023, reducing by -5.3% against the previous month. In general, the import price saw a mild contraction. The growth pace was the most rapid in May 2023 an increase of 8.4% month-to-month. Over the period under review, average import prices attained the peak figure at $7,776 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Brazil ($6,400 per ton), while the price for Uruguay amounted to $6,334 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Italy (FOB) - 2023
In October 2023, the average export price for frozen boneless cuts of bovine meat amounted to $5,132 per ton, which is down by -25.8% against the previous month. Overall, the export price saw a slight downturn. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 5.9% m-o-m. The export price peaked at $7,650 per ton in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($7,317 per ton), while the average price for exports to Cote d'Ivoire ($842 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Italy
In 2022, imports of frozen boneless cuts of bovine meat into Italy dropped to 39K tons, waning by -8.7% against 2021. Overall, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.7% against the previous year. As a result, imports attained the peak of 42K tons, and then declined in the following year.
In value terms, imports of frozen boneless cuts of bovine meat expanded slightly to $297M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 142 | 148 | 162 | 175 | 7.2% |
| Netherlands | 22.3 | 41.9 | 36.9 | 32.4 | 13.3% |
| Uruguay | 18.7 | 25.8 | 41.4 | 19.4 | 1.2% |
| Germany | 5.7 | 4.9 | 8.8 | 15.2 | 38.7% |
| Paraguay | 7.8 | 9.5 | 9.2 | 13.5 | 20.1% |
| Ireland | 5.0 | 4.5 | 7.7 | 11.7 | 32.8% |
| Poland | 3.7 | 4.1 | 4.3 | 8.4 | 31.4% |
| France | 6.9 | 5.5 | 6.0 | 6.0 | -4.6% |
| Denmark | 4.5 | 0.8 | 1.3 | 1.3 | -33.9% |
| Others | 13.6 | 13.8 | 11.4 | 14.4 | 1.9% |
| Total | 230 | 259 | 289 | 297 | 8.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Italy in 2022:
- Brazil (22.8K tons)
- Netherlands (3.5K tons)
- Uruguay (2.5K tons)
- Germany (2.1K tons)
- Paraguay (1.8K tons)
- Poland (1.4K tons)
- Ireland (1.4K tons)
- France (0.8K tons)
- Denmark (0.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Italy
In 2022, approx. 37K tons of frozen boneless cuts of bovine meat were exported from Italy; reducing by -13.3% compared with the year before. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports attained the peak of 43K tons, and then fell in the following year.
In value terms, exports of frozen boneless cuts of bovine meat rose rapidly to $246M in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Frozen Boneless Cuts of Bovine Meat in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 9.6 | 0.6 | 17.7 | 37.3 | 57.2% |
| France | 24.9 | 22.0 | 29.6 | 36.3 | 13.4% |
| Denmark | 26.3 | 25.1 | 29.0 | 35.9 | 10.9% |
| Finland | N/A | N/A | 11.7 | 19.4 | 65.8% |
| Germany | 7.9 | 5.5 | 15.7 | 13.6 | 19.8% |
| Greece | 8.0 | 9.3 | 12.7 | 13.0 | 17.6% |
| Belgium | 6.1 | 5.3 | 7.3 | 11.1 | 22.1% |
| Canada | 2.3 | 10.4 | 14.1 | 9.9 | 62.7% |
| Spain | 3.8 | 2.9 | 7.8 | 8.6 | 31.3% |
| Serbia | 4.3 | 3.3 | 4.4 | 6.4 | 14.2% |
| Bulgaria | 8.4 | 6.6 | 5.5 | 5.9 | -11.1% |
| Malta | 3.3 | 4.2 | 4.6 | 5.8 | 20.7% |
| United Kingdom | 3.2 | 5.1 | 6.5 | 5.5 | 19.8% |
| Others | 35.1 | 33.9 | 47.8 | 37.1 | 1.9% |
| Total | 143 | 134 | 214 | 246 | 19.8% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Italy in 2022:
- Sweden (5.6K tons)
- Denmark (5.3K tons)
- France (5.2K tons)
- Finland (2.9K tons)
- Greece (2.5K tons)
- Germany (2.0K tons)
- Belgium (2.0K tons)
- Canada (1.6K tons)
- United Kingdom (1.1K tons)
- Serbia (1.0K tons)
- Spain (1.0K tons)
- Bulgaria (1.0K tons)
- Malta (0.8K tons)
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