Price for Frozen Boneless Cuts of Bovine Meat in Bulgaria - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Bulgaria (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Bulgaria (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Bulgaria
- Exports of Frozen Boneless Cuts of Bovine Meat in Bulgaria
Price for Frozen Boneless Cuts of Bovine Meat in Bulgaria (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $5,664 per ton in August 2023, approximately equating the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 11% m-o-m. As a result, import price reached the peak level of $5,966 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($8,807 per ton), while the price for Germany ($3,551 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Bulgaria (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $5,738 per ton, rising by 26% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9,069 per ton), while the average price for exports to Georgia ($2,086 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 Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Bulgaria
Imports of frozen boneless cuts of bovine meat into Bulgaria fell remarkably to 4.8K tons in 2022, shrinking by -28.5% against the previous year's figure. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports reached the peak of 6.8K tons, and then fell remarkably in the following year.
In value terms, imports of frozen boneless cuts of bovine meat shrank to $26M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $27M, and then reduced slightly in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 7.7 | 6.2 | 7.0 | 6.7 | -4.5% |
| Italy | 7.1 | 5.7 | 7.3 | 6.4 | -3.4% |
| Netherlands | 0.8 | 1.6 | 3.5 | 4.6 | 79.2% |
| Spain | 3.4 | 2.0 | 2.6 | 1.6 | -22.2% |
| Denmark | 1.2 | 0.9 | 0.4 | 1.3 | 2.7% |
| Romania | 1.3 | 0.6 | 0.6 | 1.0 | -8.4% |
| Hungary | 0.3 | 0.3 | 0.6 | 0.8 | 38.7% |
| Germany | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Belgium | 0.8 | 0.4 | 0.5 | 0.6 | -9.1% |
| Others | 0.6 | 2.0 | 3.8 | 1.8 | 44.2% |
| Total | 23.7 | 20.5 | 26.8 | 25.6 | 2.6% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Bulgaria in 2022:
- Poland (1357.5 tons)
- Italy (1093.9 tons)
- Netherlands (545.5 tons)
- Spain (353.4 tons)
- Denmark (335.8 tons)
- Romania (291.8 tons)
- Hungary (199.2 tons)
- Germany (147.6 tons)
- Belgium (100.1 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Bulgaria
In 2022, shipments abroad of frozen boneless cuts of bovine meat decreased by -83.8% to 70 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 101%. As a result, the exports attained the peak of 432 tons, and then reduced notably in the following year.
In value terms, exports of frozen boneless cuts of bovine meat reduced markedly to $402K in 2022. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 101%. As a result, the exports reached the peak of $2M, and then shrank dramatically in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 257 | 665 | 839 | 125 | -21.4% |
| North Macedonia | 386 | 210 | 462 | 88.0 | -38.9% |
| United Kingdom | N/A | N/A | 274 | 67.4 | -75.4% |
| Spain | N/A | N/A | N/A | 39.8 | 0% |
| Germany | 14.6 | 21.3 | 134 | 36.1 | 35.2% |
| Greece | 194 | 46.2 | 88.1 | 16.2 | -56.3% |
| Georgia | N/A | N/A | N/A | 5.9 | 0% |
| Italy | N/A | N/A | 73.7 | N/A | 0% |
| Others | 26.9 | 35.2 | 94.2 | 23.0 | -5.1% |
| Total | 878 | 978 | 1,965 | 402 | -22.9% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Bulgaria in 2022:
- Romania (23.0 tons)
- North Macedonia (15.4 tons)
- Spain (7.7 tons)
- United Kingdom (7.4 tons)
- Greece (5.3 tons)
- Germany (4.0 tons)
- Georgia (2.9 tons)
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