Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (CIF) - 2022
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (FOB) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (CIF) - 2022
In 2021, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,563 per ton, surging by 10% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20% against the previous year. The import price peaked at $4,854 per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($3,561 per ton), while the price for Kazakhstan totaled $3,553 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+18.2%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (FOB) - 2022
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,903 per ton in 2022, growing by 19% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 156%. As a result, the export price attained the peak level of $9,308 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($16,823 per ton), while the average price for exports to Kyrgyzstan totaled $4,439 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
Imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Russia reached 8.3K tons in 2021, surging by 6.1% against the year before. In general, imports, however, showed a precipitous shrinkage.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $29M in 2021. Overall, imports, however, recorded a dramatic downturn.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Belarus | 93.2 | 24.7 | 27.4 | -45.8% | |
| Kazakhstan | N/A | 0.4 | 1.9 | 375.0% | |
| Others | 0.1 | N/A | 0.1 | 0.0% | |
| Total | 93.3 | 25.1 | 29.4 | -43.9% | |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Russia in 2022:
- Belarus (7.7K tons)
- Kazakhstan (0.5K tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Russia declined remarkably to 255 tons, shrinking by -37.8% against the previous year. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,199% against the previous year. As a result, the exports reached the peak of 409 tons, and then fell markedly in the following year.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank significantly to $1.8M in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 708% against the previous year. As a result, the exports attained the peak of $2.4M, and then shrank rapidly in the following year.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | N/A | N/A | 153 | 932 | 509.2% |
| United Arab Emirates | N/A | 78.1 | 136 | 617 | 181.1% |
| Kazakhstan | 390 | 24.3 | 876 | 7.0 | -73.8% |
| Saudi Arabia | 40.4 | N/A | 798 | N/A | 344.4% |
| Belarus | 74.2 | 106 | 157 | N/A | 45.5% |
| Others | 43.4 | 84.5 | 248 | 202 | 67.0% |
| Total | 548 | 293 | 2,368 | 1,758 | 47.5% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Russia in 2022:
- Kyrgyzstan (210.0 tons)
- United Arab Emirates (36.7 tons)
- Kazakhstan (1.1 tons)
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