Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan (CIF) - 2023
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan (CIF) - 2023
In December 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,161 per ton, which is down by -16.6% against the previous month. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in February 2023 an increase of 29% m-o-m. As a result, import price reached the peak level of $4,500 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From December 2022 to December 2023, the rate of growth in terms of prices for Ukraine amounted to -1.8% per month.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which decreased by -31.4% to 1.3K tons in 2022. Over the period under review, imports showed a precipitous setback. The smallest decline of -2.5% was in 2020.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank sharply to $5.4M in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 5.5 | 5.8 | 3.9 | 5.3 | -1.2% |
| India | 1.3 | 1.0 | 1.0 | N/A | -12.3% |
| Georgia | 1.3 | 5.2 | 3.5 | N/A | 64.1% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 8.2 | 12.1 | 8.5 | 5.4 | -13.0% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Azerbaijan in 2022:
- Ukraine (1322.2 tons)
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