Price for Meat of Bovine Animals; Frozen in Luxembourg - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Luxembourg (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Luxembourg (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Luxembourg
- Exports of Meat of Bovine Animals; Frozen in Luxembourg
Price for Meat of Bovine Animals; Frozen in Luxembourg (CIF) - 2023
In June 2023, the average import price for meat of bovine animals; frozen amounted to $4,225 per ton, stabilizing at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 13% m-o-m. The import price peaked at $5,110 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($10,860 per ton), while the price for France ($3,454 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Meat of Bovine Animals; Frozen in Luxembourg (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $5,212 per ton in July 2023, which is down by -5.7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in February 2023 an increase of 32% month-to-month. As a result, the export price attained the peak level of $6,548 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was France ($7,548 per ton), while the average price for exports to Germany ($4,425 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 Germany (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Bovine Animals; Frozen in Luxembourg
Meat of bovine animals; frozen imports into Luxembourg skyrocketed to 3.3K tons in 2022, increasing by 26% compared with 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $13M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 5.1 | 7.6 | 10.7 | 32.5% |
| Belgium | 0.5 | 0.7 | 0.9 | 1.1 | 30.1% |
| France | 0.8 | 0.9 | 1.1 | 0.9 | 4.0% |
| Others | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
| Total | 6.2 | 7.0 | 9.8 | 12.9 | 27.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Luxembourg in 2022:
- Germany (2994.4 tons)
- France (183.6 tons)
- Belgium (98.1 tons)
Exports of Meat of Bovine Animals; Frozen in Luxembourg
In 2022, the amount of meat of bovine animals; frozen exported from Luxembourg skyrocketed to 619 tons, increasing by 147% compared with 2021. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports skyrocketed to $3.2M in 2022. Over the period under review, exports enjoyed a significant expansion. 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 300 | 558 | 896 | 1,608 | 75.0% |
| Germany | 129 | 145 | 149 | 1,389 | 120.8% |
| France | 92.1 | 141 | 143 | 226 | 34.9% |
| Others | 43.0 | 37.7 | 26.5 | 15.4 | -29.0% |
| Total | 564 | 881 | 1,215 | 3,239 | 79.1% |
Top Export Markets for Meat of Bovine Animals; Frozen from Luxembourg in 2022:
- Germany (351.6 tons)
- Belgium (238.3 tons)
- France (28.6 tons)
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