Price for Meat of Bovine Animals; Frozen in Finland - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Finland (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Finland (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Finland
- Exports of Meat of Bovine Animals; Frozen in Finland
Price for Meat of Bovine Animals; Frozen in Finland (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $8,022 per ton in June 2023, falling by -3.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in January 2023 an increase of 10% against the previous month. Over the period under review, average import prices hit record highs at $8,295 per ton in May 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($19,874 per ton), while the price for Estonia ($3,969 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 the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Finland (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $6,412 per ton in July 2023, with an increase of 5.8% against the previous month. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in January 2023 an increase of 204% m-o-m. As a result, the export price attained the peak level of $17,549 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From July 2022 to July 2023, the rate of growth in terms of prices for Sweden amounted to -2.2% per month.
Imports of Meat of Bovine Animals; Frozen in Finland
In 2022, approx. 6.4K tons of meat of bovine animals; frozen were imported into Finland; increasing by 3.3% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of 7.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, meat of bovine animals; frozen imports skyrocketed to $45M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.1 | N/A | 11.7 | 21.7 | 500.9% |
| Poland | 23.2 | 22.4 | 12.2 | 10.1 | -24.2% |
| Netherlands | 2.7 | 1.6 | 2.5 | 3.7 | 11.1% |
| Germany | 3.4 | 3.0 | 2.8 | 2.0 | -16.2% |
| Sweden | 4.4 | 4.1 | 1.5 | 1.6 | -28.6% |
| Lithuania | 1.7 | 1.2 | 1.0 | 1.4 | -6.3% |
| Estonia | 0.4 | 1.3 | 2.4 | 1.3 | 48.1% |
| Ireland | 0.6 | 0.6 | 0.5 | 1.3 | 29.4% |
| Denmark | 0.5 | 0.9 | 1.5 | 0.8 | 17.0% |
| Others | 1.0 | 0.3 | 0.7 | 0.8 | -7.2% |
| Total | 37.9 | 35.5 | 36.8 | 44.7 | 5.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Finland in 2022:
- Italy (2926.5 tons)
- Poland (1706.3 tons)
- Netherlands (421.4 tons)
- Germany (294.4 tons)
- Estonia (275.0 tons)
- Lithuania (231.1 tons)
- Ireland (181.5 tons)
- Sweden (174.0 tons)
- Denmark (127.6 tons)
Exports of Meat of Bovine Animals; Frozen in Finland
In 2022, after two years of decline, there was significant growth in shipments abroad of meat of bovine animals; frozen, when their volume increased by 49% to 211 tons. Over the period under review, exports, however, saw a dramatic shrinkage.
In value terms, meat of bovine animals; frozen exports skyrocketed to $1.7M in 2022. Overall, exports, however, continue to indicate a dramatic contraction.
| Export of Meat of Bovine Animals; Frozen in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4,318 | 1,478 | 666 | 1,447 | -30.5% |
| Denmark | 215 | 158 | 269 | 185 | -4.9% |
| Estonia | 534 | 155 | 95.2 | 78.2 | -47.3% |
| Others | 173 | 25.8 | N/A | N/A | -85.1% |
| Total | 5,241 | 1,816 | 1,031 | 1,711 | -31.1% |
Top Export Markets for Meat of Bovine Animals; Frozen from Finland in 2022:
- Sweden (178.9 tons)
- Denmark (19.2 tons)
- Estonia (12.4 tons)
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