Price for Frozen Boneless Cuts of Bovine Meat in Romania - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Romania (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Romania (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Romania
- Exports of Frozen Boneless Cuts of Bovine Meat in Romania
Price for Frozen Boneless Cuts of Bovine Meat in Romania (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $6,491 per ton in August 2023, falling by -2.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 an increase of 10% against the previous month. The import price peaked at $6,822 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
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 ($10,514 per ton), while the price for Poland ($4,959 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 the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Romania (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $2,678 per ton in 2022, shrinking by -18.5% against the previous year. Over the period under review, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $4,675 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($5,896 per ton), while the average price for exports to Slovenia ($385 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 Hungary (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Romania
After three years of growth, overseas purchases of frozen boneless cuts of bovine meat decreased by -0.4% to 12K tons in 2022. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of 12K tons, leveling off in the following year.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $65M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 10.3 | 10.9 | 13.3 | 19.9 | 24.5% |
| Germany | 7.8 | 7.0 | 11.4 | 14.8 | 23.8% |
| Netherlands | 6.9 | 7.0 | 10.6 | 12.7 | 22.6% |
| Italy | 4.2 | 3.6 | 3.7 | 5.6 | 10.1% |
| Poland | 5.6 | 3.6 | 5.4 | 3.7 | -12.9% |
| Hungary | 2.1 | 2.5 | 4.0 | 2.2 | 1.6% |
| Austria | 0.1 | N/A | 0.8 | 1.8 | 162.1% |
| Others | 1.6 | 4.4 | 3.5 | 4.7 | 43.2% |
| Total | 38.6 | 38.9 | 52.9 | 65.3 | 19.2% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Romania in 2022:
- Lithuania (3.3K tons)
- Germany (2.9K tons)
- Netherlands (2.6K tons)
- Italy (0.9K tons)
- Poland (0.7K tons)
- Hungary (0.5K tons)
- Austria (0.3K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Romania
In 2022, shipments abroad of frozen boneless cuts of bovine meat was finally on the rise to reach 2.1K tons after two years of decline. Over the period under review, exports posted significant growth. 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 $5.6M in 2022. Overall, exports saw a significant increase. 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 Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 31.8 | 0.1 | 262 | 3,054 | 357.9% |
| Moldova | 28.7 | 80.2 | 307 | 663 | 184.8% |
| Germany | 19.4 | 6.9 | 6.6 | 651 | 222.5% |
| Cyprus | 111 | 217 | 18.8 | 409 | 54.5% |
| Greece | 173 | 42.6 | 0.6 | 212 | 7.0% |
| Netherlands | 100 | 0.3 | 520 | 175 | 20.5% |
| Bulgaria | 1,408 | 631 | 390 | 83.0 | -61.1% |
| Slovenia | N/A | N/A | N/A | 31.7 | 0% |
| Libya | N/A | 1,493 | 556 | N/A | -62.8% |
| Turkey | N/A | N/A | 369 | N/A | 0% |
| Others | 636 | 788 | 444 | 284 | -23.6% |
| Total | 2,508 | 3,259 | 2,874 | 5,563 | 30.4% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Romania in 2022:
- Poland (840.0 tons)
- Germany (550.2 tons)
- Greece (154.0 tons)
- Moldova (143.5 tons)
- Cyprus (115.2 tons)
- Slovenia (82.4 tons)
- Netherlands (67.5 tons)
- Bulgaria (60.3 tons)
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