Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan (CIF) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $25,046 per ton in 2022, surging by 43% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 82% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($38,091 per ton), while the price for Argentina ($19,437 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+49.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Azerbaijan soared to 11 tons, picking up by 32% against the year before. Overall, imports, however, recorded a abrupt decline.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $277K in 2022. Over the period under review, imports, however, continue to indicate a deep setback.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 145 | 89.1 | 91.9 | 128 | -4.1% |
| Russia | 62.8 | 20.5 | 39.9 | 126 | 26.1% |
| Argentina | N/A | N/A | 1.1 | 10.7 | 872.7% |
| United States | 51.1 | 3.7 | N/A | 1.6 | -68.5% |
| Netherlands | 7.2 | 4.8 | 7.9 | 0.9 | -50.0% |
| Ireland | 37.2 | 0.2 | 1.0 | 0.4 | -77.9% |
| France | 9.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 36.9 | N/A | N/A | N/A | 0% |
| Others | 4.2 | 1.7 | 4.8 | 9.7 | 32.2% |
| Total | 353 | 120 | 147 | 277 | -7.8% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Azerbaijan in 2022:
- Luxembourg (6.3 tons)
- Russia (3.8 tons)
- Argentina (0.6 tons)
- Netherlands (0.1 tons)
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