Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Austria - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (FOB) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (CIF) - 2023
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (FOB) - 2023
In October 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $8,644 per ton, increasing by 25% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Switzerland ($9,675 per ton), while the average price for exports to North Macedonia ($3,154 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 France (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $14,114 per ton in September 2023, increasing by 42% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($25,119 per ton), while the price for Poland ($8,235 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Hungary (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria
In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Austria rose remarkably to 40K tons, with an increase of 6.3% against the year before. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 13%. 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 fresh or chilled boneless cuts of bovine meat stood at $270M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 106 | 138 | 159 | 192 | 21.9% |
| France | 15.5 | 11.3 | 14.7 | 17.2 | 3.5% |
| Italy | 11.8 | 9.4 | 12.0 | 10.2 | -4.7% |
| Hungary | 7.9 | 7.6 | 8.9 | 7.7 | -0.9% |
| Slovakia | 5.7 | 3.7 | 4.7 | 6.1 | 2.3% |
| Netherlands | 7.8 | 6.4 | 8.0 | 5.7 | -9.9% |
| Czech Republic | 3.6 | 3.4 | 5.2 | 4.9 | 10.8% |
| Denmark | 3.3 | 4.9 | 5.9 | 4.0 | 6.6% |
| Sweden | 2.6 | 2.6 | 1.7 | 2.7 | 1.3% |
| Others | 14.3 | 12.6 | 19.1 | 19.3 | 10.5% |
| Total | 179 | 200 | 239 | 270 | 14.7% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Austria in 2022:
- Germany (30.2K tons)
- France (1.8K tons)
- Italy (1.1K tons)
- Hungary (1.1K tons)
- Slovakia (0.8K tons)
- Netherlands (0.7K tons)
- Czech Republic (0.7K tons)
- Denmark (0.5K tons)
- Sweden (0.5K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria
In 2022, supplies from abroad of fresh or chilled boneless cuts of bovine meat was finally on the rise to reach 12K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible slump.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $136M in 2022. In general, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.1 | 38.3 | 37.8 | 47.9 | 10.9% |
| Netherlands | 21.4 | 24.2 | 31.5 | 40.4 | 23.6% |
| Poland | 8.5 | 10.0 | 9.9 | 20.1 | 33.2% |
| Belgium | 0.4 | 6.6 | 6.9 | 12.6 | 215.8% |
| Italy | 5.0 | 6.7 | 7.2 | 11.5 | 32.0% |
| Hungary | 2.5 | 2.2 | 1.1 | 1.3 | -19.6% |
| Ireland | 3.4 | 1.1 | 2.2 | 0.7 | -41.0% |
| Argentina | 22.1 | N/A | N/A | N/A | 0% |
| Others | 33.2 | 3.3 | 1.8 | 2.1 | -60.2% |
| Total | 131 | 92.4 | 98.3 | 136 | 1.3% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Austria in 2022:
- Poland (3.8K tons)
- Germany (3.5K tons)
- Netherlands (3.1K tons)
- Italy (0.7K tons)
- Belgium (0.5K tons)
- Hungary (0.2K tons)
- Ireland (0.1K tons)
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