Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $1,911 per ton, with an increase of 31% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 323% against the previous year. The export price peaked at $5,225 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($15,821 per ton), while the average price for exports to China ($1,736 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,495 per ton, reducing by -83.9% against the previous year. Over the period under review, the import price recorded a deep contraction. The growth pace was the most rapid in 2021 an increase of 250% against the previous year. As a result, import price attained the peak level of $21,703 per ton, and then contracted notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($29,899 per ton), while the price for Austria ($2,389 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Serbia surged to 1.2K tons, jumping by 27% on the previous year's figure. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $2.2M in 2022. Over the period under review, exports, however, saw a slight decrease.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 3.0 | 1.2 | 2.0 | -3.1% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 2.4 | 3.1 | 1.3 | 2.2 | -2.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Serbia in 2022:
- China (1158.7 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia
In 2022, approx. 22 tons of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Serbia; rising by 402% compared with the previous year's figure. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped markedly to $77K in 2022. Overall, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +49.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of $95K, and then declined sharply in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | N/A | N/A | 50.1 | 0% |
| Russia | N/A | N/A | 93.2 | 24.6 | -73.6% |
| Netherlands | 32.9 | 42.3 | 2.1 | 0.9 | -69.9% |
| Slovenia | 0.8 | N/A | N/A | N/A | 0% |
| United States | 35.6 | 6.3 | N/A | N/A | -82.3% |
| Others | 1.9 | 2.8 | N/A | 1.3 | -11.9% |
| Total | 71.2 | 51.4 | 95.3 | 77.0 | 2.6% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Serbia in 2022:
- Austria (21.0 tons)
- Russia (0.8 tons)
- Netherlands (0.3 tons)
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