Price for Meat of Bovine Animals; Fresh or Chilled in Bulgaria - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Bulgaria (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Bulgaria (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Bulgaria
- Exports of Meat of Bovine Animals; Fresh or Chilled in Bulgaria
Price for Meat of Bovine Animals; Fresh or Chilled in Bulgaria (CIF) - 2022
The average import price for meat of bovine animals; fresh or chilled stood at $7,178 per ton in 2022, growing by 12% against the previous year. Over the period under review, the import price showed a remarkable increase. The growth pace was the most rapid in 2015 when the average import price increased by 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($10,176 per ton), while the price for France ($2,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Bulgaria (FOB) - 2022
In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $14,195 per ton, with a decrease of -6.6% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 104%. Over the period under review, the average export prices attained the peak figure at $15,200 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($20,788 per ton), while the average price for exports to the Netherlands ($3,875 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 Poland (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Bulgaria
In 2022, approx. 1.8K tons of meat of bovine animals; fresh or chilled were imported into Bulgaria; waning by -6.9% compared with the year before. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 14%.
In value terms, imports of meat of bovine animals; fresh or chilled rose to $13M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +43.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Meat of Bovine Animals; Fresh or Chilled in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | 5.4 | 7.1 | 6.0 | 19.7% |
| Italy | 1.6 | 1.6 | 2.1 | 2.5 | 16.0% |
| Ireland | 0.8 | 0.6 | 1.4 | 1.6 | 26.0% |
| Romania | 1.3 | 0.7 | 0.9 | 1.2 | -2.6% |
| Belgium | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Poland | 0.9 | 0.3 | 0.3 | 0.3 | -30.7% |
| Croatia | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Denmark | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Others | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Total | 9.4 | 9.1 | 12.6 | 13.1 | 11.7% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Bulgaria in 2022:
- Netherlands (587.3 tons)
- Italy (396.6 tons)
- Romania (260.9 tons)
- Ireland (228.9 tons)
- Germany (61.8 tons)
- Poland (57.9 tons)
- Croatia (46.4 tons)
- Belgium (45.8 tons)
- Denmark (30.1 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas shipments of meat of bovine animals; fresh or chilled, when their volume decreased by -13.4% to 313 tons. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 138% against the previous year.
In value terms, exports of meat of bovine animals; fresh or chilled reduced rapidly to $4.4M in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 386%.
| Export of Meat of Bovine Animals; Fresh or Chilled in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | 464 | 1,963 | 1,557 | 83.2% |
| Greece | 12.3 | 649 | 1,601 | 1,182 | 358.0% |
| Romania | 261 | 998 | 1,523 | 1,046 | 58.8% |
| Croatia | 0.3 | N/A | 175 | 287 | 885.3% |
| Germany | 1.5 | 50.8 | 77.1 | 117 | 327.3% |
| Netherlands | 2.2 | 27.4 | 33.9 | 41.1 | 165.3% |
| Belgium | 2.1 | 19.7 | 34.0 | 36.1 | 158.1% |
| United Kingdom | 140 | N/A | 0.7 | 2.8 | -72.9% |
| Qatar | 68.6 | 4.6 | N/A | N/A | -93.3% |
| Others | N/A | 158 | 89.6 | 177 | 5.8% |
| Total | 488 | 2,371 | 5,498 | 4,446 | 108.9% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Bulgaria in 2022:
- Hungary (84.6 tons)
- Romania (67.5 tons)
- Greece (56.9 tons)
- Croatia (43.7 tons)
- Germany (23.4 tons)
- Netherlands (10.6 tons)
- Belgium (8.2 tons)
- United Kingdom (0.2 tons)
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