Price for Frozen Boneless Cuts of Bovine Meat in Croatia - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Croatia (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Croatia (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Croatia
- Exports of Frozen Boneless Cuts of Bovine Meat in Croatia
Price for Frozen Boneless Cuts of Bovine Meat in Croatia (CIF) - 2023
In August 2023, the average import price for frozen boneless cuts of bovine meat amounted to $7,903 per ton, reducing by -14.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 11% m-o-m. Over the period under review, average import prices reached the peak figure at $9,217 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($12,859 per ton), while the price for Germany ($5,391 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Croatia (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $6,324 per ton, surging by 13% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +39.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($7,348 per ton), while the average price for exports to North Macedonia ($3,946 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Boneless Cuts of Bovine Meat in Croatia
In 2022, the amount of frozen boneless cuts of bovine meat imported into Croatia rose notably to 6.3K tons, with an increase of 15% against the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat surged to $48M in 2022. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.4 | 0.1 | 9.2 | 17.7 | 253.7% |
| Netherlands | 9.1 | 3.7 | 9.1 | 11.3 | 7.5% |
| Spain | 1.9 | 2.7 | 3.2 | 3.6 | 23.7% |
| Austria | 13.0 | 11.2 | 6.1 | 2.9 | -39.4% |
| Germany | 1.3 | 1.3 | 0.5 | 2.8 | 29.1% |
| Denmark | 0.7 | 0.2 | 1.8 | 2.4 | 50.8% |
| Italy | 1.0 | 0.6 | 1.0 | 1.7 | 19.3% |
| Hungary | 0.7 | 0.5 | 0.4 | 0.7 | 0.0% |
| Others | 1.2 | 0.6 | 2.5 | 5.3 | 64.1% |
| Total | 29.1 | 21.0 | 33.7 | 48.2 | 18.3% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Croatia in 2022:
- Poland (2700.8 tons)
- Netherlands (864.6 tons)
- Spain (560.3 tons)
- Germany (441.9 tons)
- Austria (437.4 tons)
- Italy (317.3 tons)
- Denmark (313.7 tons)
- Hungary (124.0 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Croatia
For the fourth year in a row, Croatia recorded growth in shipments abroad of frozen boneless cuts of bovine meat, which increased by 10% to 1.7K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $11M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 4.0 | 3.3 | 4.3 | 6.1 | 15.1% |
| Bosnia and Herzegovina | 0.9 | 1.1 | 2.0 | 3.7 | 60.2% |
| North Macedonia | N/A | 0.3 | 1.1 | 0.3 | 0.0% |
| China | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Philippines | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.5 | 0.2 | 1.2 | 0.8 | 17.0% |
| Total | 5.5 | 5.3 | 8.7 | 10.8 | 25.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Croatia in 2022:
- Slovenia (826.0 tons)
- Bosnia and Herzegovina (768.0 tons)
- North Macedonia (68.0 tons)
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