Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia - 2023
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (FOB) - 2023
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (CIF) - 2022
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (FOB) - 2023
The average export price for cattle; live, other than pure-bred breeding animalses stood at $1,431 per unit in November 2023, stabilizing at the previous month. Over the last eleven months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in January 2023 when the average export price increased by 9.1% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,497 per unit in July 2023; afterwards, it flattened through to November 2023.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was North Macedonia ($1,771 per unit), while the average price for exports to Montenegro ($1,403 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (CIF) - 2022
The average import price for cattle; live, other than pure-bred breeding animalses stood at $583 per unit in 2022, declining by -7.3% against the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked at $1,140 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($1,205 per unit), while the price for Romania ($564 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+4.9%), while the prices for the other major suppliers experienced a decline.
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia
In 2022, shipments abroad of cattle; live, other than pure-bred breeding animalses decreased by -23.9% to 27K units, falling for the second consecutive year after two years of growth. In general, exports recorded a deep slump. The growth pace was the most rapid in 2020 when exports increased by 17%. As a result, the exports reached the peak of 37K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cattle; live, other than pure-bred breeding animalses declined to $33M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 28%. The exports peaked at $37M in 2021, and then reduced in the following year.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 16.8 | 18.9 | 22.5 | 22.8 | 10.7% |
| Bosnia and Herzegovina | 10.7 | 15.7 | 14.2 | 9.1 | -5.3% |
| Albania | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Others | 0.4 | 1.1 | N/A | 0.6 | 14.5% |
| Total | 28.0 | 35.8 | 37.0 | 33.3 | 5.9% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Serbia in 2022:
- Montenegro (18.6K units)
- Bosnia and Herzegovina (7.5K units)
- Albania (0.5K units)
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia
Imports of cattle; live, other than pure-bred breeding animalses into Serbia skyrocketed to 8K units in 2022, rising by 132% compared with the year before. Overall, imports saw 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 cattle; live, other than pure-bred breeding animalses surged to $4.7M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 1,894 | 2,081 | 1,804 | 3,867 | 26.9% |
| Hungary | 227 | 6.7 | 48.3 | 663 | 42.9% |
| Bosnia and Herzegovina | N/A | 116 | 301 | 105 | -4.9% |
| Italy | N/A | 244 | N/A | N/A | 0% |
| Others | N/A | 12.8 | 31.5 | 59.0 | 114.7% |
| Total | 2,121 | 2,461 | 2,185 | 4,694 | 30.3% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Serbia in 2022:
- Romania (6.9K units)
- Hungary (1.0K units)
- Bosnia and Herzegovina (0.1K units)
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