Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia - 2022

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia (CIF) - 2022
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia (FOB) - 2022
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia (CIF) - 2022

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $3,433 per ton in 2021, increasing by 65% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The import price peaked at $4,412 per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to -2.7% per year.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia (FOB) - 2022

The average export price for frozen carcasses and half-carcasses of bovine meat stood at $3,926 per ton in 2022, reducing by -32.7% against the previous year. Over the period under review, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 152%. As a result, the export price attained the peak level of $12,572 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($6,016 per ton), while the average price for exports to Morocco stood at $3,919 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia

In 2021, imports of frozen carcasses and half-carcasses of bovine meat into Russia dropped sharply to 149 tons, which is down by -96.3% on the previous year's figure. Overall, imports faced a precipitous setback. The smallest decline of -25.5% was in 2020.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat declined significantly to $511K in 2021. Over the period under review, imports recorded a precipitous setback. The smallest decline of -51.9% was in 2020.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Russia in 2022:

1. Belarus (148.9 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Russia

After three years of growth, shipments abroad of frozen carcasses and half-carcasses of bovine meat decreased by -67.3% to 831 tons in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 836% against the previous year. As a result, the exports reached the peak of 2.5K tons, and then contracted remarkably in the following year.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat contracted significantly to $3.3M in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,743% against the previous year.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Russia in 2022:

1. Morocco (826.8 tons)

Source: IndexBox Market Intelligence Platform