Germany's Canned Meat Price Hits a New Record of $6,035 per Ton with 8% Growth

Germany

Germany Canned Meat Export Price in April 2023

In April 2023, the price of canned meat in Germany reached $6,035 per ton (FOB, Germany), showing an 8% increase compared to the previous month. The price has been steadily rising at an average monthly rate of 1.2% from April 2022 to April 2023, reaching its peak level. It is expected to continue growing in the near future.

The prices of canned meat varied across different countries. Denmark had the highest price at $7,685 per ton, while the United Kingdom had one of the lowest prices at $4,973 per ton.

During the period from April 2022 to April 2023, the price of canned meat exports to Denmark recorded the most significant growth rate of 1.7%, while other major destinations experienced more modest increases.

Germany Canned Meat Exports

In April 2023, canned meat exports from Germany decreased to 27,000 tons, a decline of 9.5% compared to the previous month. Overall, there was a slight reduction in exports. The most rapid growth in exports occurred in March 2023 with an 18% month-on-month increase.

In terms of value, canned meat exports from Germany amounted to $161 million in April 2023. The trend in exports remained relatively flat during the review period. The highest month-on-month growth rate of 20% was observed in November 2022.

Germany Canned Meat Exports by Country

The main destinations for canned meat exports from Germany were France, the Netherlands, and the United Kingdom, which together accounted for a 40% share of total exports. Austria, Spain, Belgium, Italy, Poland, and the Czech Republic were other significant destinations, contributing to an additional 43% of total exports.

Among the main countries of destination, Austria experienced the highest growth rate in terms of shipments with a CAGR of 1.0% from April 2022 to April 2023.

In terms of value, France, Denmark, and the Netherlands were the largest markets for canned meat exported from Germany, collectively representing a 40% share of total exports. Austria, Belgium, the United Kingdom, Spain, Italy, Poland, and the Czech Republic were also significant markets, accounting for another 43% of total exports. Austria experienced the highest growth rate in export value with a CAGR of 2.5% over the review period, while other leading markets showed more moderate growth rates.



Source: IndexBox Market Intelligence Platform

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