Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (CIF) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (FOB) - 2023
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,328 per ton in August 2023, picking up by 13% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% m-o-m. The import price peaked at $5,747 per ton in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($16,914 per ton), while the price for Denmark ($3,489 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (FOB) - 2023
In August 2023, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $7,317 per ton, reducing by -2.3% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 7.8% month-to-month. The export price peaked at $7,488 per ton in July 2023, and then reduced slightly in the following month.
As there is only one major export destination, the average price level is determined by prices for Denmark.
From August 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +49.3% per month.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
After three years of growth, overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -12.1% to 4K tons in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 149%.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose sharply to $17M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 5.5 | 7.2 | 12.4 | 13.0 | 33.2% |
| Sweden | N/A | 0.1 | 0.3 | 1.9 | 335.9% |
| Netherlands | 0.2 | 0.5 | 1.1 | 1.0 | 71.0% |
| Latvia | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| Others | 0.5 | 0.2 | 0.6 | 0.5 | 0.0% |
| Total | 6.5 | 8.4 | 14.9 | 17.0 | 37.8% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Finland in 2022:
- Denmark (3332.5 tons)
- Sweden (408.6 tons)
- Latvia (79.4 tons)
- Netherlands (64.6 tons)
- Germany (41.4 tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland
In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 1.9% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a perceptible reduction.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $14M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 9.8 | 11.4 | 11.7 | 13.5 | 11.3% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 10.4 | 11.4 | 11.7 | 13.6 | 9.4% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Finland in 2022:
- Denmark (2088.3 tons)
- Germany (33.2 tons)
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