Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (CIF) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (FOB) - 2023
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (CIF) - 2023
In October 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,813 per ton, with an increase of 3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 6.1% month-to-month. The import price peaked in October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the Netherlands ($6,879 per ton) and France ($6,376 per ton), while the price for Spain ($5,539 per ton) and Belgium ($5,684 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (FOB) - 2023
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,756 per ton in October 2023, with an increase of 7.2% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices hit record highs at $6,150 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Luxembourg ($7,115 per ton), while the average price for exports to the Netherlands ($4,348 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 Luxembourg (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal
Imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Portugal rose markedly to 18K tons in 2022, surging by 8.6% on the year before. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $102M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 51.3 | 49.3 | 54.6 | 70.7 | 11.3% |
| Netherlands | 9.0 | 8.1 | 10.7 | 13.1 | 13.3% |
| France | 6.1 | 6.3 | 6.3 | 7.0 | 4.7% |
| Poland | 4.5 | 5.6 | 5.6 | 4.6 | 0.7% |
| Belgium | 2.0 | 2.4 | 2.3 | 2.8 | 11.9% |
| Others | 4.6 | 3.7 | 2.6 | 3.6 | -7.8% |
| Total | 77.5 | 75.4 | 82.2 | 102 | 9.6% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Portugal in 2022:
- Spain (13.4K tons)
- Netherlands (1.9K tons)
- France (1.2K tons)
- Poland (0.8K tons)
- Belgium (0.5K tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal
In 2022, approx. 6.7K tons of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were exported from Portugal; rising by 14% compared with the previous year. The total export volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $34M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.8 | 13.4 | 19.4 | 22.8 | 37.3% |
| Netherlands | 7.7 | 4.0 | 5.5 | 8.8 | 4.6% |
| Germany | N/A | 0.2 | N/A | 1.0 | 123.6% |
| Others | 0.3 | 1.1 | 1.2 | 1.8 | 81.7% |
| Total | 16.8 | 18.6 | 26.1 | 34.3 | 26.9% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Portugal in 2022:
- Spain (4.3K tons)
- Netherlands (1.9K tons)
- Germany (0.2K tons)
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