Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (FOB) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $3,914 per ton in March 2022, reducing by -16.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices hit record highs at $5,087 per ton in December 2021; however, from January 2022 to March 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In March 2022, the country with the highest price was Russia ($4,087 per ton), while the average price for exports to Kazakhstan totaled $3,057 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $11,790 per ton, picking up by 35% against the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 ($26,415 per ton), while the price for Ukraine stood at $7,987 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus
In 2022, shipments abroad of fresh or chilled boneless cuts of bovine meat decreased by -49.9% to 15K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. As a result, the exports attained the peak of 47K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted significantly to $76M in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $173M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 126 | 171 | 121 | 73.6 | -16.4% |
| Kazakhstan | 2.4 | 1.8 | 4.0 | 2.1 | -4.4% |
| Others | 0.1 | N/A | 3.8 | N/A | 516.4% |
| Total | 128 | 173 | 129 | 75.7 | -16.1% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Belarus in 2022:
- Russia (14.7K tons)
- Kazakhstan (0.5K tons)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus
For the third year in a row, Belarus recorded decline in overseas purchases of fresh or chilled boneless cuts of bovine meat, which decreased by -49.4% to 99 tons in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -22.4% was in 2021.
In value terms, imports of fresh or chilled boneless cuts of bovine meat contracted notably to $1.2M in 2022. In general, imports faced a dramatic descent. The smallest decline of -14.9% was in 2021.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1,610 | 313 | 925 | 630 | -26.9% |
| Russia | 1,561 | 1,594 | 795 | 541 | -29.8% |
| Kazakhstan | N/A | 114 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3,172 | 2,022 | 1,720 | 1,171 | -28.3% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Belarus in 2022:
- Ukraine (78.8 tons)
- Russia (20.5 tons)
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