Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $8,851 per ton in October 2023, falling by -4.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 10% against the previous month. The import price peaked at $9,756 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($12,813 per ton), while the price for Spain ($7,491 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $6,116 per ton in October 2023, surging by 6.2% against the previous month. Over the period under review, the export price continues to indicate a mild expansion. The pace of growth appeared the most rapid in April 2023 an increase of 11% against the previous month. As a result, the export price attained the peak level of $6,271 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($8,714 per ton), while the average price for exports to Germany ($5,008 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 the Netherlands (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Portugal amounted to 40K tons, remaining relatively unchanged against 2021. Over the period under review, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 2.9% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $341M in 2022. The total import value increased at an average annual rate of +5.1% 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 Boneless Cuts of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 89.6 | 82.9 | 87.5 | 106 | 5.8% |
| Spain | 106 | 86.0 | 98.3 | 99.6 | -2.1% |
| Poland | 32.3 | 31.1 | 37.6 | 46.1 | 12.6% |
| Ireland | 12.8 | 12.8 | 16.4 | 20.1 | 16.2% |
| Germany | 10.4 | 8.6 | 11.3 | 12.2 | 5.5% |
| Belgium | 7.0 | 6.5 | 8.7 | 12.1 | 20.0% |
| Denmark | 7.3 | 5.7 | 7.3 | 9.4 | 8.8% |
| Others | 28.3 | 21.9 | 24.7 | 35.4 | 7.7% |
| Total | 294 | 255 | 292 | 341 | 5.1% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Portugal in 2022:
- Spain (15.1K tons)
- Netherlands (10.7K tons)
- Poland (5.4K tons)
- Ireland (2.1K tons)
- Belgium (1.3K tons)
- Denmark (1.0K tons)
- Germany (1.0K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal
After three years of growth, overseas shipments of fresh or chilled boneless cuts of bovine meat decreased by -3.3% to 4.8K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of 4.9K tons, and then shrank slightly in the following year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat expanded significantly to $27M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.8 | 3.8 | 9.9 | 7.9 | 114.5% |
| Spain | 8.2 | 5.0 | 5.1 | 7.3 | -3.8% |
| Germany | 0.5 | 2.1 | 4.1 | 4.0 | 100.0% |
| France | 2.9 | 3.1 | 3.4 | 2.7 | -2.4% |
| Greece | N/A | N/A | 0.1 | 2.2 | 2100.0% |
| Italy | N/A | N/A | 1.0 | 2.1 | 110.0% |
| Others | 0.4 | 0.8 | 1.5 | 0.8 | 26.0% |
| Total | 12.9 | 14.9 | 25.1 | 27.0 | 27.9% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Portugal in 2022:
- United Kingdom (1364.2 tons)
- Spain (1292.6 tons)
- Germany (820.9 tons)
- France (507.7 tons)
- Greece (385.8 tons)
- Italy (289.2 tons)
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