Price for Frozen Boneless Cuts of Bovine Meat in Serbia - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Serbia (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Serbia (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Serbia
- Imports of Frozen Boneless Cuts of Bovine Meat in Serbia
Price for Frozen Boneless Cuts of Bovine Meat in Serbia (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $6,304 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 70%. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($10,553 per ton), while the average price for exports to Bosnia and Herzegovina ($3,869 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 Montenegro (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Serbia (CIF) - 2023
In November 2023, the average import price for frozen boneless cuts of bovine meat amounted to $6,807 per ton, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in January 2023 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $8,893 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($20,149 per ton), while the price for Montenegro ($4,801 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Serbia
In 2022, exports of frozen boneless cuts of bovine meat from Serbia surged to 2K tons, jumping by 73% on 2021 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 358%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat soared to $13M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 449%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 0.3 | 5.0 | 11.9 | 49.0% |
| Russia | 0.1 | N/A | 0.5 | 0.3 | 44.2% |
| Croatia | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Bosnia and Herzegovina | N/A | 0.4 | N/A | 0.1 | -50.0% |
| Montenegro | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Belarus | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 4.5 | 1.1 | 5.8 | 12.5 | 40.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Serbia in 2022:
- China (1859.7 tons)
- Russia (61.3 tons)
- Bosnia and Herzegovina (33.6 tons)
- Croatia (28.8 tons)
- Montenegro (2.0 tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Serbia
Imports of frozen boneless cuts of bovine meat into Serbia skyrocketed to 1.5K tons in 2022, with an increase of 69% compared with the year before. In general, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen boneless cuts of bovine meat skyrocketed to $8.8M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Boneless Cuts of Bovine Meat in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.2 | 3.5 | 4.5 | 6.2 | 13.9% |
| Montenegro | N/A | N/A | N/A | 2.4 | 0% |
| Poland | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 4.9 | 3.8 | 4.7 | 8.8 | 21.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Serbia in 2022:
- Italy (958.0 tons)
- Montenegro (536.2 tons)
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