Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,160 per ton, dropping by -6.9% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 183%. As a result, the export price reached the peak level of $16,311 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.5% per year.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,969 per ton, surging by 102% against the previous year. Overall, the import price recorded moderate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($7,773 per ton), while the price for Turkey stood at $5,258 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
Exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Russia soared to 6.1K tons in 2022, increasing by 18% on the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 577%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose markedly to $19M in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 374% against the previous year. The exports peaked 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 Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 3.0 | 15.9 | 16.8 | 136.6% |
| Vietnam | 0.7 | 1.0 | 0.4 | 0.4 | -17.0% |
| Others | 0.5 | 1.5 | 1.2 | 2.0 | 58.7% |
| Total | 1.2 | 5.5 | 17.5 | 19.1 | 151.5% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Russia in 2022:
- China (5.7K tons)
- Vietnam (0.1K tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
In 2022, approx. 389 kg of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat were imported into Russia; declining by -99.9% on the previous year's figure. Overall, imports saw a dramatic decline. The smallest decline of -49% was in 2021.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell notably to $2.3K in 2022. Over the period under review, imports saw a sharp setback. The smallest decline of -48.1% was in 2021.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 8.9 | 3.1 | 1.6 | N/A | -57.6% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 9.0 | 3.1 | 1.6 | N/A | -57.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Russia in 2022:
- Turkey (279.0 kg)
- Brazil (110.0 kg)
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