Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,863 per ton in October 2023, reducing by -25.5% against the previous month. In general, the import price saw a mild decrease. The growth pace was the most rapid in December 2022 when the average import price increased by 101% m-o-m. Over the period under review, average import prices attained the peak figure at $6,780 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($9,648 per ton), while the price for Germany ($1,436 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,130 per ton in 2022, increasing by 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 200% against the previous year. As a result, the export price attained the peak level of $10,104 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($9,808 per ton), while the average price for exports to Greece ($3,686 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Bulgaria contracted to 737 tons, falling by -12.2% against the year before. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 35%.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3.4M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% 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 +63.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,391 | 939 | 1,127 | 1,616 | 5.1% |
| Romania | 320 | 77.0 | 331 | 687 | 29.0% |
| Spain | 147 | 276 | 310 | 287 | 25.0% |
| Denmark | 259 | 154 | 110 | 263 | 0.5% |
| Netherlands | 121 | 109 | 346 | 246 | 26.7% |
| Germany | 245 | 44.9 | 246 | 112 | -23.0% |
| Austria | 2.6 | N/A | N/A | 56.1 | 178.4% |
| Italy | 335 | 79.9 | 113 | 25.0 | -57.9% |
| Others | 109 | 411 | 708 | 135 | 7.4% |
| Total | 2,931 | 2,090 | 3,292 | 3,427 | 5.3% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Bulgaria in 2022:
- Poland (325.0 tons)
- Spain (124.3 tons)
- Romania (109.7 tons)
- Denmark (56.7 tons)
- Germany (31.4 tons)
- Austria (31.2 tons)
- Netherlands (23.8 tons)
- Italy (5.0 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria
In 2022, shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -7.8% to 32 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 495%.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose rapidly to $197K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 386% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 18.5 | 61.1 | 105 | 138.2% |
| Greece | 3.2 | N/A | 76.0 | 31.7 | 114.8% |
| Netherlands | 0.4 | 9.5 | 14.8 | 24.8 | 295.8% |
| Belgium | N/A | 5.6 | 14.1 | 18.2 | 80.3% |
| France | N/A | 0.5 | 2.3 | 6.8 | 268.8% |
| Romania | 1.9 | 3.4 | 14.5 | 6.7 | 52.2% |
| Others | 9.6 | N/A | 0.3 | 3.1 | -31.4% |
| Total | 15.2 | 37.7 | 183 | 197 | 134.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Bulgaria in 2022:
- Germany (14.8 tons)
- Greece (8.6 tons)
- Netherlands (3.8 tons)
- Belgium (2.7 tons)
- France (1.0 tons)
- Romania (0.7 tons)
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