Wednesday, August 23, 2017

The 2017 Meat Price Index Reveals How Long We Must Work to Afford Meat


Study compares the cost of meat in over 50 countries worldwide, and the number of hours at minimum wage to afford various cuts in each location


  • Switzerland has the highest meat prices across all categories, at 141.9% more expensive than the average worldwide cost.
  • India, Ukraine, Brazil and Colombia have the least expensive beef and fish, chicken, pork and lamb respectively.
  • Danes only need to work 1 hour on minimum wage to afford a serving of beef, while Indonesians on minimum wage must work 23.6 hours.

Berlin, Germany, 23/08/2017 - Online catering marketplace, Caterwings, have conducted a study regarding the global price of basic food items, as preliminary research ahead of their expansion into foreign markets. The research highlighted in particular that the cost of meat around the world is remarkably varied. To share these insights, Caterwings have released the 2017 Meat Price Index, which details the cost of meat in over 50 countries worldwide. The study revealed that Switzerland has the highest meat prices, at 141.9% more expensive than the average cost worldwide, followed by Norway (63.7% more expensive) and Hong Kong (61% more expensive), while Ukraine has the least expensive meat prices, at 52.3% less expensive than the average cost, closely followed by Malaysia (50.3% less expensive).

To give some perspective to the data, the affordability of meat in each country was calculated to reveal the relative number of hours a person on minimum wage must work to buy each type of meat. The findings confirmed that not only does the price of meat vary massively from country to country, but there is also an enormous disparity in its accessibility for people all around the world.

To create the Index, Caterwings looked at the top meat producing and consuming countries around the world focusing on beef, chicken, seafood, pork and lamb. After reviewing hundreds of food retailers, the data was compiled by analysing meat prices in these countries’ top cities, which needed to account for at least 25% of the total population. The Index is then ranked by the deviation percentage—this shows how comparatively affordable or expensive each meat type is in each country, in comparison to the global average cost.

“What began as a simple catering cost price Index for market research has raised some important questions.” commented Caterwings Managing Director, Susannah Belcher. “It is clear that international inequality exists, and as the world begins to rethink the implications of globalisation, this study clearly demonstrates that food prices ought to be on the agenda.”

Results for Canada are as follow, with the rank of each meat price below. (1 being most expensive)

Canada Ranks 12 Overall
Beef
Rank
Chicken
Rank
Seafood
Rank
Pork
Rank
Lamb
Rank
Leg Round
26
Breast
10
White
20
Chop
11
Chop
6
Tenderloin
22
Leg
3
Salmon
11
Sausage
21
Mince
8
Shrimp
16
Ham
23
Hours to Afford at Min. Wage
2.5
Hours to Afford at Min. Wage
1.1
Hours to Afford at Min. Wage
2.8
Hours to Afford at Min. Wage
1.6
Hours to Afford at Min. Wage
3.6
Cost Compared to World Average
+12.5%
Cost Compared to World Average
+53.3%
Cost Compared to World Average
+14.2%
Cost Compared to World Average
+0.7%
Cost Compared to World Average
+67.2 %

For full results from this study please click here: https://www.caterwings.co.uk/caterers/2017-meat-price-index-usd/

Breakdown of Results

The tables below show the top countries with the most and least expensive meat prices, based on the average cost of 1kg of meat.

The top 5 countries with the most and the least expensive beef prices are:

Most Expensive Beef
Least Expensive Beef
#
Country
Leg Round
Tenderloin
Mince
#
Country
Leg Round
Tenderloin
Mince
1
Switzerland
$49.68
$63.13
$20.81
1
India
$4.73
$13.69
$2.33
2
Hong Kong
$20.83
$71.70
$9.11
2
Colombia
$5.28
$13.33
$2.62
3
Norway
$28.55
$58.91
$13.55
3
Ukraine
$3.70
$14.14
$3.88
4
South Korea
$21.65
$57.72
$17.77
4
Malaysia
$5.76
$15.54
$2.55
5
Japan
$17.18
$56.18
$11.93
5
Egypt
$7.01
$13.46
$3.93

The top 5 countries with the most and the least expensive chicken prices are:

Most Expensive Chicken
Least Expensive Chicken
#
Country
Breast
Leg
#
Country
Breast
Leg
1
Switzerland
$27.14
$11.32
1
Ukraine
$2.65
$1.90
2
Norway
$13.69
$9.53
2
Thailand
$2.81
$2.71
3
Sweden
$14.28
$7.15
3
Malaysia
$2.85
$2.83
4
Finland
$11.33
$7.54
4
Egypt
$3.69
$2.57
5
New Zealand
$10.12
$8.21
5
India
$3.26
$3.13

The top 5 countries with the most and the least expensive fish prices are:

Most Expensive Seafood
Least Expensive Seafood
#
Country
White
Salmon
Shrimp
#
Country
White
Salmon
Shrimp
1
Switzerland
$19.48
$33.30
$35.84
1
India
$6.59
$11.74
$10.96
2
Hong Kong
$18.24
$44.32
$24.23
2
Vietnam
$3.92
$17.23
$10.73
3
Netherlands
$20.00
$31.93
$34.55
3
Malaysia
$9.17
$16.68
$7.75
4
Belgium
$19.45
$30.51
$32.59
4
Portugal
$5.78
$14.35
$15.15
5
Denmark
$16.54
$31.02
$33.38
5
Croatia
$6.62
$16.50
$14.00

The top 5 countries with the most and the least expensive pork prices are:

Most Expensive Pork
Least Expensive Pork
#
Country
Chop
Sausage
Ham
#
Country
Chop
Sausage
Ham
1
Switzerland
$20.39
$20.95
$41.92
1
Brazil
$4.39
$5.66
$5.03
2
Hong Kong
$18.98
$10.28
$43.99
2
Ukraine
$4.15
$5.05
$8.54
3
Singapore
$16.27
$13.10
$29.08
3
Hungary
$3.37
$3.00
$12.58
4
Japan
$14.65
$11.96
$29.01
4
Poland
$3.29
$5.88
$10.64
5
New Zealand
$9.00
$10.71
$35.05
5
Bulgaria
$4.64
$5.09
$12.15

The top 5 countries with the most and the least expensive lamb prices are:

Most Expensive Lamb
Least  Expensive Lamb
#
Country
Chop
#
Country
Chop
1
Switzerland
$48.91
1
Colombia
$6.89
2
Israel
$35.41
2
Mexico
$8.35
3
Norway
$32.91
3
Brazil
$8.37
4
Hong Kong
$32.35
4
Ukraine
$8.78
5
Japan
$31.39
5
Malaysia
$8.97

These tables are extracts from the full findings which can be found on Caterwings’ results page: https://www.caterwings.co.uk/caterers/2017-meat-price-index-usd/

Key findings:
  • Within the top 10 most expensive countries, 4 are in Asia, and the remaining 6 are split between Northern and Western Europe.
  • Within the top 10 least expensive countries, 5 are in Asia, 2 are in Central and Southern American, 2 in Eastern Europe and 1 in Northern Africa.
  • Australian’s have the highest meat consumption at 111.5kg/person (figure refers to meat available per person per year). Indian’s have the lowest with 4.4kg/person.
  • Indians on minimum wage need to work 10.5 hours to buy the same amount of chicken that those on minimum wage in Denmark can purchase after 0.3 hours of work. Comparatively, Indians on minimum wage must also work the most hours, at 39.4, to buy pork, while Danes on minimum wage need to work only 0.7 hours.
  • Despite Indians on minimum wage needing to work the most number of hours to afford 3 types of meat, the overall price of their meat is -42.3% of the cost in comparison to other countries.


About Caterwings: Founded in 2015 in London, Caterwings is active in five countries across Europe providing an online marketplace connecting customers and caterers, with offices in London and Berlin. The start-up’s mission is to simplify the ordering, booking and payment of catering services for groups from 5 up to 5000 people. Customers can browse a selection of menus listed by the caterers and either order directly online, or via the concierge service who can customise and tailor orders personally.  Add ons can include waiting staff, warming dishes and full alcohol service. The Managing Director team is made up of Dr. Alexander Brunst, Stephan Grund and Dr. Susannah Belcher. Currently Caterwings’ service is available Germany-wide, and in London, Manchester, Zurich, Vienna, Amsterdam, Rotterdam and Den Haag.


Press release from https://www.caterwings.co.uk/caterers/2017-meat-price-index-usd/

About Me

My photo

I started my "working life" as a holistic and allopathic nutritional consultant with a love of cooking. Teaching the value of wholesome meal choices to families became close to my heart after I battled a long history of struggles with weight and health, and the passion for teaching led me into where I am now. My blog, which focuses on "bringing good taste to healthier food" through creative use of whole grains, fresh produce and acknowledging the importance of the occasional treat, also features a wealth of "specialty diet" friendly recipes for gluten-, egg-, dairy- and sugar- tree nut-free items that everyone can enjoy without alienating those who need them.

Overall, I want to bring back the desire for good quality, homemade, (mostly) healthy food into the hearts and kitchens of families so that the next generation will be less box-reliant than mine. I firmly believe that any “homemade” food, even when labelled as "naughty", is a more wholesome treat than pre-packaged, cookie-cutter junk. With the knowledge of good food (and how to cook good food) as a base, a healthy lifestyle can follow, and then anything is possible!

Today, my love for teaching is branching out even further - I'm in Montessori training to solidify my love for the system and working with children and families!