Price for Meat of Bovine Animals; Frozen in Ukraine - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Ukraine (FOB) - 2023
- Price for Meat of Bovine Animals; Frozen in Ukraine (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Ukraine
- Imports of Meat of Bovine Animals; Frozen in Ukraine
Price for Meat of Bovine Animals; Frozen in Ukraine (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $4,104 per ton in July 2023, with an increase of 3% against the previous month. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 4.4% month-to-month. The export price peaked at $4,758 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Moldova ($4,878 per ton), while the average price for exports to Uzbekistan ($2,893 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+4.0%), while the prices for the other major destinations experienced a decline.
Price for Meat of Bovine Animals; Frozen in Ukraine (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $5,161 per ton in 2022, increasing by 36% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat of bovine animals; frozen import price increased by +43.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($6,247 per ton), while the price for Hungary ($4,576 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Ukraine
In 2022, the amount of meat of bovine animals; frozen exported from Ukraine fell markedly to 15K tons, with a decrease of -42.2% against the previous year's figure. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of 27K tons, and then dropped rapidly in the following year.
In value terms, meat of bovine animals; frozen exports dropped notably to $73M in 2022. In general, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports reached the peak of $110M, and then fell significantly in the following year.
| Export of Meat of Bovine Animals; Frozen in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 21.9 | 55.8 | 33.9 | 86.8% |
| Kazakhstan | 25.2 | 11.8 | 11.4 | 9.6 | -27.5% |
| Azerbaijan | 14.6 | 17.7 | 9.0 | 8.2 | -17.5% |
| Belarus | 14.9 | 7.9 | 11.9 | 7.2 | -21.5% |
| Uzbekistan | 1.8 | 6.9 | 8.8 | 5.4 | 44.2% |
| Georgia | 5.9 | 6.7 | 5.9 | 3.6 | -15.2% |
| Armenia | 2.8 | 1.6 | 1.0 | 1.1 | -26.8% |
| Others | 5.1 | 4.2 | 6.5 | 3.9 | -8.6% |
| Total | 75.6 | 78.7 | 110 | 72.8 | -1.3% |
Top Export Markets for Meat of Bovine Animals; Frozen from Ukraine in 2022:
- China (5.7K tons)
- Kazakhstan (2.3K tons)
- Azerbaijan (2.1K tons)
- Belarus (1.6K tons)
- Uzbekistan (1.4K tons)
- Georgia (1.0K tons)
- Armenia (0.3K tons)
Imports of Meat of Bovine Animals; Frozen in Ukraine
In 2022, after three years of growth, there was significant decline in overseas purchases of meat of bovine animals; frozen, when their volume decreased by -17.9% to 1.6K tons. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +63.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of 1.9K tons, and then declined significantly in the following year.
In value terms, meat of bovine animals; frozen imports rose rapidly to $8M in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. 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 Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.7 | 2.3 | 2.0 | 6.0 | 30.5% |
| Poland | 0.1 | 0.7 | 0.6 | 1.5 | 146.6% |
| Hungary | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| Austria | N/A | 1.3 | 4.1 | N/A | 215.4% |
| Others | 0.2 | 0.3 | 0.3 | 0.1 | -20.6% |
| Total | 3.2 | 4.6 | 7.2 | 8.0 | 35.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Ukraine in 2022:
- Lithuania (1194.0 tons)
- Poland (244.3 tons)
- Hungary (107.3 tons)
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