Price for Frozen Boneless Cuts of Bovine Meat in Sweden - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Sweden (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Sweden (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Sweden
- Exports of Frozen Boneless Cuts of Bovine Meat in Sweden
Price for Frozen Boneless Cuts of Bovine Meat in Sweden (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $13,642 per ton in October 2023, surging by 116% against the previous month. In general, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was New Zealand ($15,074 per ton), while the price for Uruguay ($11,027 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 Denmark (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Sweden (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $11,048 per ton in September 2023, picking up by 5.4% against the previous month. Over the period under review, export price indicated a remarkable increase from October 2022 to September 2023: its price increased at an average monthly rate of +5.2% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for frozen boneless cuts of bovine meat increased by +77.9% against July 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 69% m-o-m. Over the period under review, the average export prices reached the maximum at $11,854 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Finland ($13,248 per ton), while the average price for exports to Spain ($8,460 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Sweden
In 2022, imports of frozen boneless cuts of bovine meat into Sweden soared to 31K tons, increasing by 18% compared with the previous year. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $193M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 22.8 | 21.1 | 26.1 | 48.5 | 28.6% |
| Italy | 9.4 | 0.6 | 15.7 | 36.4 | 57.0% |
| Germany | 14.6 | 13.7 | 24.3 | 28.7 | 25.3% |
| Poland | 35.7 | 32.5 | 25.8 | 24.4 | -11.9% |
| Netherlands | 12.5 | 12.2 | 12.3 | 18.4 | 13.8% |
| Denmark | 8.1 | 6.2 | 10.7 | 15.1 | 23.1% |
| Belgium | 2.8 | 2.9 | 2.2 | 6.3 | 31.0% |
| Austria | 5.8 | 8.2 | 4.8 | 2.4 | -25.5% |
| Others | 10.8 | 11.9 | 8.6 | 12.8 | 5.8% |
| Total | 123 | 109 | 130 | 193 | 16.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Sweden in 2022:
- Ireland (9.1K tons)
- Italy (5.5K tons)
- Germany (5.1K tons)
- Poland (3.5K tons)
- Netherlands (2.5K tons)
- Denmark (2.3K tons)
- Belgium (1.0K tons)
- Austria (0.5K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Sweden
In 2022, approx. 587 tons of frozen boneless cuts of bovine meat were exported from Sweden; growing by 6% on 2021 figures. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% 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 +88.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat expanded significantly to $4.5M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Frozen Boneless Cuts of Bovine Meat in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 277 | 534 | 2,139 | 1,883 | 89.4% |
| Finland | 779 | 817 | 446 | 1,124 | 13.0% |
| Spain | 30.9 | 612 | 619 | 532 | 158.2% |
| Denmark | 48.3 | 242 | 205 | 300 | 83.8% |
| Serbia | N/A | N/A | 17.6 | 183 | 939.8% |
| Poland | 0.1 | N/A | 22.6 | 131 | 994.2% |
| Norway | 326 | 190 | 186 | 71.9 | -39.6% |
| Cote d'Ivoire | 18.2 | N/A | 22.4 | 22.4 | 7.2% |
| Ukraine | N/A | N/A | 36.5 | N/A | 0% |
| Others | 114 | 72.4 | 329 | 228 | 26.0% |
| Total | 1,594 | 2,468 | 4,024 | 4,476 | 41.1% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Sweden in 2022:
- Germany (134.4 tons)
- Poland (103.1 tons)
- Denmark (97.6 tons)
- Finland (84.2 tons)
- Serbia (73.1 tons)
- Spain (55.5 tons)
- Norway (14.8 tons)
- Cote d'Ivoire (10.7 tons)
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