Price for Frozen Boneless Cuts of Bovine Meat in Belarus - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Belarus (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Belarus (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Belarus
- Imports of Frozen Boneless Cuts of Bovine Meat in Belarus
Price for Frozen Boneless Cuts of Bovine Meat in Belarus (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $4,263 per ton in March 2022, dropping by -10.6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 6.2% against the previous month. The export price peaked at $5,120 per ton in December 2021; however, from January 2022 to March 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($5,904 per ton), while the average price for exports to Kazakhstan ($3,214 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.9%), while the prices for the other major destinations experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Belarus (CIF) - 2022
In March 2022, the average import price for frozen boneless cuts of bovine meat amounted to $4,460 per ton, with a decrease of -13.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2021 an increase of 16% m-o-m. The import price peaked at $5,642 per ton in January 2022; however, from February 2022 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Colombia ($6,958 per ton), while the price for Russia ($4,077 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Belarus
In 2022, exports of frozen boneless cuts of bovine meat from Belarus skyrocketed to 61K tons, with an increase of 20% on 2021. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat soared to $316M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 122 | 138 | 149 | 218 | 21.3% |
| China | 20.9 | 23.2 | 58.7 | 86.0 | 60.2% |
| Kazakhstan | 5.9 | 6.7 | 6.7 | 9.8 | 18.4% |
| Others | 1.2 | 2.2 | 2.3 | 2.2 | 22.4% |
| Total | 150 | 170 | 217 | 316 | 28.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Belarus in 2022:
- Russia (44.6K tons)
- China (13.9K tons)
- Kazakhstan (2.2K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Belarus
Imports of frozen boneless cuts of bovine meat into Belarus expanded notably to 6.2K tons in 2022, with an increase of 6.4% against the previous year's figure. In general, imports showed modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat surged to $33M in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 14.9 | 7.9 | 13.0 | 17.7 | 5.9% |
| Russia | 6.0 | 5.3 | 8.1 | 11.0 | 22.4% |
| Italy | 0.4 | 0.6 | 3.1 | 4.2 | 119.0% |
| Others | 0.8 | 0.4 | 0.2 | N/A | -50.0% |
| Total | 22.0 | 14.3 | 24.4 | 32.9 | 14.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Belarus in 2022:
- Ukraine (3.6K tons)
- Russia (1.9K tons)
- Italy (0.7K tons)
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