Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia (CIF) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia (FOB) - 2023
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia (CIF) - 2023

In August 2023, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $6,034 per ton, picking up by 6.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 7.6% month-to-month. Over the period under review, average import prices reached the peak figure at $6,499 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($20,093 per ton), while the price for Hungary ($3,266 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia (FOB) - 2023

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,600 per ton in October 2023, rising by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in November 2022 an increase of 21% against the previous month. Over the period under review, the average export prices reached the maximum in October 2023.

Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was Montenegro ($6,737 per ton), while the average price for exports to Bosnia and Herzegovina totaled $5,457 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia

For the fourth year in a row, Croatia recorded growth in purchases abroad of fresh or chilled carcasses and half-carcasses of bovine meat, which increased by 43% to 4.5K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat surged to $25M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Croatia in 2022:

1. Italy (2249.1 tons)
2. Netherlands (1467.7 tons)
3. Slovenia (347.2 tons)
4. Poland (232.2 tons)
5. Austria (96.0 tons)
6. Belgium (62.3 tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Croatia

Exports of fresh or chilled carcasses and half-carcasses of bovine meat from Croatia surged to 1.7K tons in 2022, with an increase of 23% on the year before. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $7.9M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Croatia in 2022:

1. Hungary (627.7 tons)
2. Italy (590.4 tons)
3. Bosnia and Herzegovina (170.5 tons)
4. Slovenia (128.1 tons)
5. Netherlands (75.2 tons)
6. Germany (43.8 tons)
7. Austria (22.3 tons)

Source: IndexBox Market Intelligence Platform