Price for Meat of Bovine Animals; Frozen in Romania - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Romania (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Romania (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Romania
- Exports of Meat of Bovine Animals; Frozen in Romania
Price for Meat of Bovine Animals; Frozen in Romania (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,841 per ton in July 2023, with an increase of 7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 14% m-o-m. As a result, import price attained the peak level of $7,010 per ton. From June 2023 to July 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 July 2023, the country with the highest price was the Netherlands ($8,226 per ton), while the price for Poland ($4,756 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Romania (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $3,957 per ton in 2022, picking up by 41% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs at $4,637 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 ($5,897 per ton), while the average price for exports to Slovenia ($392 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 the Netherlands (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Romania
In 2022, overseas purchases of meat of bovine animals; frozen decreased by -6.2% to 12K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of 12K tons, and then dropped in the following year.
In value terms, meat of bovine animals; frozen imports surged to $70M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +71.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 10.3 | 10.9 | 13.3 | 20.3 | 25.4% |
| Germany | 8.4 | 7.3 | 11.6 | 15.2 | 21.9% |
| Netherlands | 7.7 | 7.6 | 12.2 | 15.0 | 24.9% |
| Italy | 5.0 | 4.1 | 4.2 | 5.9 | 5.7% |
| Poland | 5.8 | 3.7 | 6.1 | 4.6 | -7.4% |
| Hungary | 2.2 | 2.5 | 4.1 | 2.5 | 4.4% |
| Austria | 0.1 | N/A | 0.8 | 1.8 | 162.1% |
| Others | 1.8 | 4.6 | 3.7 | 4.6 | 36.7% |
| Total | 41.3 | 40.7 | 56.0 | 69.8 | 19.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Romania in 2022:
- Lithuania (3.1K tons)
- Germany (2.8K tons)
- Netherlands (2.6K tons)
- Italy (1.0K tons)
- Poland (0.8K tons)
- Hungary (0.5K tons)
- Austria (0.3K tons)
Exports of Meat of Bovine Animals; Frozen in Romania
Meat of bovine animals; frozen exports from Romania soared to 1.9K tons in 2022, surging by 48% compared with the previous year. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports surged to $7.6M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 202 | 24.6 | 282 | 3,628 | 161.9% |
| Netherlands | 113 | 5.0 | 1,139 | 1,054 | 110.5% |
| Germany | 19.5 | 8.3 | 12.8 | 745 | 236.8% |
| Moldova | 28.7 | 80.1 | 308 | 679 | 187.1% |
| Cyprus | 111 | 221 | 20.2 | 553 | 70.8% |
| Greece | 178 | 64.5 | 9.0 | 297 | 18.6% |
| Bulgaria | 1,414 | 631 | 396 | 113 | -56.9% |
| Slovenia | N/A | N/A | 35.6 | 43.2 | 21.3% |
| Libya | N/A | 1,493 | 556 | N/A | -62.8% |
| Turkey | N/A | N/A | 369 | N/A | 0% |
| Others | 742 | 820 | 495 | 495 | -12.6% |
| Total | 2,808 | 3,347 | 3,621 | 7,607 | 39.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Romania in 2022:
- Poland (959.6 tons)
- Netherlands (255.8 tons)
- Germany (186.2 tons)
- Moldova (122.3 tons)
- Slovenia (110.4 tons)
- Cyprus (98.3 tons)
- Greece (67.0 tons)
- Bulgaria (26.3 tons)
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