Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Romania - 2023

Contents:

1. Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Romania (CIF) - 2023
2. Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Romania (FOB) - 2023
3. Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Romania
4. Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Romania

Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Romania (CIF) - 2023

In August 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $11,880 per ton, shrinking by -9.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 18% month-to-month. The import price peaked at $13,362 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($14,485 per ton), while the price for Poland ($6,277 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 Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Romania (FOB) - 2023

The average export price for fresh or chilled boneless cuts of bovine meat stood at $7,318 per ton in September 2023, jumping by 44% against the previous month. Over the period from October 2022 to September 2023, it increased at an average monthly rate of +2.6%. Over the period under review, the average export prices attained the peak figure at $7,797 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Germany ($28,391 per ton), while the average price for exports to Spain ($6,114 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Romania

In 2022, after three years of growth, there was decline in supplies from abroad of fresh or chilled boneless cuts of bovine meat, when their volume decreased by -3.2% to 2.4K tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 5% against the previous year. As a result, imports attained the peak of 2.5K tons, and then contracted modestly in the following year.

In value terms, imports of fresh or chilled boneless cuts of bovine meat skyrocketed to $26M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +57.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Romania in 2022:

1. Netherlands (865.4 tons)
2. Belgium (542.6 tons)
3. Italy (374.4 tons)
4. Germany (232.9 tons)
5. Poland (125.8 tons)
6. Ireland (123.1 tons)
7. Bulgaria (82.4 tons)

Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Romania

In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Romania soared to 3.1K tons, picking up by 38% on 2021. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $18M in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Romania in 2022:

1. Bulgaria (577.4 tons)
2. Belgium (454.1 tons)
3. Sweden (411.6 tons)
4. France (365.4 tons)
5. Czech Republic (240.3 tons)
6. Germany (201.5 tons)
7. Poland (196.6 tons)
8. Austria (181.3 tons)
9. Denmark (132.3 tons)
10. Hungary (131.9 tons)
11. Slovakia (86.9 tons)
12. Spain (73.3 tons)
13. Italy (9.9 tons)

Source: IndexBox Market Intelligence Platform