Price for Meat of Bovine Animals; Frozen in Serbia - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Serbia (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Serbia (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Serbia
- Imports of Meat of Bovine Animals; Frozen in Serbia
Price for Meat of Bovine Animals; Frozen in Serbia (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $4,663 per ton in 2022, increasing by 34% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 export price increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($15,024 per ton), while the average price for exports to North Macedonia ($3,855 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 Montenegro (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Serbia (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,842 per ton in November 2023, surging by 1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $8,893 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($20,149 per ton), while the price for Montenegro ($4,801 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat of Bovine Animals; Frozen in Serbia
In 2022, the amount of meat of bovine animals; frozen exported from Serbia surged to 3.2K tons, increasing by 52% against 2021. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, meat of bovine animals; frozen exports surged to $15M in 2022. Overall, exports continue to indicate a significant expansion. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 3.3 | 6.2 | 13.9 | 33.8% |
| Russia | 0.1 | N/A | 0.5 | 0.3 | 44.2% |
| Montenegro | 0.5 | 0.2 | 0.3 | 0.2 | -26.3% |
| Others | 0.4 | 0.6 | 0.3 | 0.4 | 0.0% |
| Total | 6.9 | 4.1 | 7.2 | 14.8 | 29.0% |
Top Export Markets for Meat of Bovine Animals; Frozen from Serbia in 2022:
- China (3018.3 tons)
- Russia (61.3 tons)
- Montenegro (13.2 tons)
Imports of Meat of Bovine Animals; Frozen in Serbia
In 2022, imports of meat of bovine animals; frozen into Serbia skyrocketed to 1.5K tons, jumping by 69% against the previous year. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $8.8M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.2 | 3.5 | 4.5 | 6.2 | 13.9% |
| Montenegro | N/A | N/A | N/A | 2.4 | 0% |
| Poland | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Others | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Total | 5.0 | 3.9 | 4.8 | 8.8 | 20.7% |
Top Suppliers of Meat of Bovine Animals; Frozen to Serbia in 2022:
- Italy (958.1 tons)
- Montenegro (536.2 tons)
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