Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Russia - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $11,143 per ton, picking up by 151% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Uruguay ($13,841 per ton), while the price for Paraguay ($5,319 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $10,069 per ton, which is down by -19.9% against the previous year. Over the period under review, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 72% against the previous year. Over the period under review, the average export prices attained the maximum at $12,572 per ton in 2021, and then plummeted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($21,908 per ton), while the average price for exports to Uzbekistan ($6,511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia
In 2022, purchases abroad of fresh or chilled boneless cuts of bovine meat decreased by -99.1% to 274 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year. As a result, imports reached the peak of 49K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fresh or chilled boneless cuts of bovine meat fell rapidly to $3.1M in 2022. Overall, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 36% against the previous year. As a result, imports attained the peak of $184M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 3.3 | 0.6 | 0.3 | 1.6 | -21.4% |
| Uruguay | 3.4 | 4.5 | 4.7 | 1.0 | -33.5% |
| Paraguay | 0.4 | N/A | N/A | 0.3 | -9.1% |
| Belarus | 126 | 171 | 121 | N/A | -2.0% |
| Others | 2.1 | 7.8 | 5.9 | 0.2 | -54.3% |
| Total | 135 | 184 | 132 | 3.1 | -71.6% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Russia in 2022:
- Argentina (151.4 tons)
- Uruguay (70.4 tons)
- Paraguay (50.0 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia
In 2022, overseas shipments of fresh or chilled boneless cuts of bovine meat decreased by -66.2% to 589 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports attained the peak of 1.7K tons, and then contracted rapidly in the following year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat shrank markedly to $5.9M in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. As a result, the exports reached the peak of $22M, and then reduced notably in the following year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.2 | 3.4 | 3.9 | 341.6% |
| United Arab Emirates | N/A | N/A | 0.5 | 0.9 | 80.0% |
| Uzbekistan | N/A | N/A | 1.3 | 0.3 | -76.9% |
| Armenia | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Qatar | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Iran | 5.0 | N/A | N/A | N/A | 0% |
| Belarus | 1.6 | 1.6 | 1.7 | N/A | 3.1% |
| Saudi Arabia | 0.3 | 9.8 | 13.9 | N/A | 580.7% |
| Others | 0.3 | 0.4 | 0.9 | 0.6 | 26.0% |
| Total | 7.2 | 12.1 | 21.9 | 5.9 | -6.4% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Russia in 2022:
- China (447.1 tons)
- United Arab Emirates (51.4 tons)
- Uzbekistan (39.5 tons)
- Armenia (10.7 tons)
- Qatar (10.6 tons)
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