Price for Frozen Boneless Cuts of Bovine Meat in Russia - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Russia (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Russia (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Russia
- Exports of Frozen Boneless Cuts of Bovine Meat in Russia
Price for Frozen Boneless Cuts of Bovine Meat in Russia (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $4,127 per ton, with an increase of 3.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The import price peaked at $4,176 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($4,276 per ton) and Colombia ($4,234 per ton), while the price for Uruguay ($3,329 per ton) and India ($3,854 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Boneless Cuts of Bovine Meat in Russia (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $7,787 per ton in 2022, picking up by 5.6% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +118.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($8,742 per ton), while the average price for exports to Paraguay ($4,131 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 Uzbekistan (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Russia
In 2022, approx. 131K tons of frozen boneless cuts of bovine meat were imported into Russia; reducing by -22.8% against 2021. Over the period under review, imports saw a deep downturn. The smallest decline of -11.8% was in 2021.
In value terms, imports of frozen boneless cuts of bovine meat fell significantly to $542M in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3% against the previous year.
| Import of Frozen Boneless Cuts of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 293 | 211 | 299 | 263 | -3.5% |
| Brazil | 214 | 185 | 116 | 162 | -8.9% |
| Colombia | 20.5 | 27.1 | 59.7 | 82.6 | 59.1% |
| India | 61.5 | 38.2 | 35.1 | 24.3 | -26.6% |
| Argentina | 52.4 | 43.9 | 6.4 | 5.0 | -54.3% |
| Belarus | 122 | 138 | 149 | N/A | 10.5% |
| Others | 3.2 | 16.7 | 12.8 | 4.9 | 15.3% |
| Total | 767 | 659 | 679 | 542 | -10.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Russia in 2022:
- Paraguay (65.4K tons)
- Brazil (37.9K tons)
- Colombia (19.5K tons)
- India (6.3K tons)
- Argentina (1.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Russia
Exports of frozen boneless cuts of bovine meat from Russia rose slightly to 21K tons in 2022, with an increase of 3.3% against the previous year. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 199%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat expanded markedly to $164M in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 253%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 33.2 | 120 | 126 | 94.8% |
| Kazakhstan | 4.7 | 5.6 | 6.9 | 9.2 | 25.1% |
| Uzbekistan | N/A | 0.7 | 2.4 | 8.3 | 244.3% |
| Paraguay | N/A | 0.1 | 0.4 | 7.8 | 783.2% |
| Vietnam | 3.1 | 4.2 | 2.6 | 3.1 | 0.0% |
| Belarus | 6.0 | 5.3 | 8.1 | N/A | 16.2% |
| Others | 1.5 | 4.8 | 9.8 | 9.3 | 83.7% |
| Total | 15.3 | 53.9 | 150 | 164 | 120.5% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Russia in 2022:
- China (14.4K tons)
- Paraguay (1.9K tons)
- Kazakhstan (1.4K tons)
- Uzbekistan (1.3K tons)
- Vietnam (0.4K tons)
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