Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $9,134 per ton in September 2023, shrinking by -21.9% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 33% m-o-m. As a result, import price reached the peak level of $13,293 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,343 per ton), while the price for Denmark ($5,000 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.3%), 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 Bulgaria (FOB) - 2023
In September 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $20,538 per ton, reducing by -4.1% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 6.6% m-o-m. The export price peaked at $21,422 per ton in August 2023, and then reduced modestly in the following month.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Greece ($26,898 per ton), while the average price for exports to Romania ($15,507 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+2.7%), 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 Bulgaria
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Bulgaria dropped to 1.1K tons, which is down by -10.8% against the previous year. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of 1.3K tons, and then declined in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat fell slightly to $9.7M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +64.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of $9.9M, and then declined modestly in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 4.5 | 6.4 | 5.3 | 20.9% |
| Ireland | 0.8 | 0.6 | 1.4 | 1.6 | 26.0% |
| Italy | 0.5 | 0.4 | 1.0 | 1.2 | 33.9% |
| Romania | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Belgium | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Denmark | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Cyprus | N/A | N/A | N/A | 0.1 | 0% |
| Poland | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.9 | 6.4 | 9.9 | 9.7 | 18.0% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Bulgaria in 2022:
- Netherlands (546.8 tons)
- Ireland (229.4 tons)
- Romania (156.1 tons)
- Italy (74.8 tons)
- Belgium (43.3 tons)
- Denmark (30.2 tons)
- Cyprus (22.9 tons)
- Poland (4.5 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria
After three years of growth, shipments abroad of fresh or chilled boneless cuts of bovine meat decreased by -29.5% to 213 tons in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 454% against the previous year.
In value terms, exports of fresh or chilled boneless cuts of bovine meat dropped significantly to $4M in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 718% against the previous year.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | 464 | 1,963 | 1,557 | 83.2% |
| Greece | 5.1 | 647 | 1,601 | 1,156 | 509.7% |
| Romania | 261 | 965 | 1,459 | 988 | 55.8% |
| Croatia | N/A | N/A | 123 | 122 | -0.8% |
| Slovakia | N/A | 87.1 | 37.2 | 101 | 7.7% |
| Others | N/A | 13.8 | 2.7 | 31.6 | 51.3% |
| Total | 266 | 2,177 | 5,185 | 3,956 | 145.9% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Bulgaria in 2022:
- Hungary (84.6 tons)
- Romania (62.6 tons)
- Greece (50.9 tons)
- Croatia (7.6 tons)
- Slovakia (5.9 tons)
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