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

Contents:

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

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

In September 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,120 per ton, with an increase of 17% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 32% m-o-m. The export price peaked at $6,157 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Italy ($6,110 per ton) and Germany ($5,876 per ton), while the average price for exports to the Netherlands ($4,697 per ton) and Bulgaria ($5,330 per ton) were amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $3,976 per ton in August 2023, which is down by -3.7% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in December 2022 an increase of 21% against the previous month. As a result, import price attained the peak level of $4,794 per ton. From January 2023 to August 2023, the average import prices remained at a 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 Bulgaria ($6,313 per ton), while the price for Italy ($3,670 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 Poland (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of fresh or chilled carcasses and half-carcasses of bovine meat from Romania surged to 2.2K tons, increasing by 38% against the year before. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 44%.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat soared to $11M in 2022. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Netherlands (1010.5 tons)
2. Italy (370.4 tons)
3. Bulgaria (234.6 tons)
4. Germany (231.7 tons)
5. Poland (169.7 tons)
6. Moldova (115.9 tons)
7. Austria (65.9 tons)
8. Hungary (17.7 tons)

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

In 2022, after three years of growth, there was significant decline in overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat, when their volume decreased by -37.3% to 1.1K tons. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by 40%.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat shrank remarkably to $3.8M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year.

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

1. Italy (757.4 tons)
2. Hungary (139.0 tons)
3. Poland (129.3 tons)
4. Netherlands (20.3 tons)
5. Austria (6.2 tons)

Source: IndexBox Market Intelligence Platform