Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia - 2022

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia (CIF) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia (CIF) - 2022

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,051 per ton in 2022, rising by 41% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Armenia.

From 2012 to 2022, the rate of growth in terms of prices for Armenia amounted to +163.6% per year.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Russia (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $1,844 per ton in 2022, with a decrease of -73.7% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 123% against the previous year. As a result, the export price reached the peak level of $7,017 per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($27,096 per ton), while the average price for exports to Kazakhstan stood at $1,237 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (-1.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of fresh or chilled carcasses and half-carcasses of bovine meat into Russia shrank rapidly to 2.8 tons, dropping by -94.7% against the year before. Over the period under review, imports recorded a dramatic curtailment. The smallest decline of -74.2% was in 2020.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat declined sharply to $14K in 2022. Overall, imports showed a dramatic setback. The smallest decline of -73.6% was in 2020.

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

1. Armenia (2.8 tons)

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

In 2022, shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat was finally on the rise to reach 30 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a precipitous decrease.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat dropped notably to $56K in 2022. Over the period under review, exports, however, recorded a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year.

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

1. Kazakhstan (29.6 tons)
2. Armenia (0.7 tons)

Source: IndexBox Market Intelligence Platform