Price for Frozen Boneless Cuts of Bovine Meat in Azerbaijan - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Azerbaijan (CIF) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Azerbaijan
Price for Frozen Boneless Cuts of Bovine Meat in Azerbaijan (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $3,772 per ton in December 2023, picking up by 8.3% against the previous month. In general, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 32% m-o-m. Over the period under review, average import prices reached the maximum at $5,287 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Belarus ($5,785 per ton), while the price for Brazil ($2,323 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belarus (+1.3%), while the prices for the other major suppliers experienced a decline.
Imports of Frozen Boneless Cuts of Bovine Meat in Azerbaijan
In 2022, the amount of frozen boneless cuts of bovine meat imported into Azerbaijan totaled 2.6K tons, with an increase of 2.1% on the year before. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, imports reached the peak of 5.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of frozen boneless cuts of bovine meat soared to $12M in 2022. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Frozen Boneless Cuts of Bovine Meat in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 8.3 | 14.7 | 6.0 | 5.4 | -13.3% |
| India | 1.4 | 1.9 | 1.7 | 2.9 | 27.5% |
| Brazil | 1.8 | 1.8 | 0.9 | 2.0 | 3.6% |
| Paraguay | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Pakistan | 2.5 | 0.7 | 0.3 | N/A | -65.4% |
| Others | 0.8 | 1.1 | 0.8 | 1.4 | 20.5% |
| Total | 14.8 | 20.3 | 9.7 | 12.0 | -6.8% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Azerbaijan in 2022:
- Ukraine (999.6 tons)
- India (923.2 tons)
- Brazil (400.1 tons)
- Paraguay (150.8 tons)
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