Price for Meat of Bovine Animals; Frozen in Bulgaria - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Bulgaria (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Bulgaria (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Bulgaria
- Exports of Meat of Bovine Animals; Frozen in Bulgaria
Price for Meat of Bovine Animals; Frozen in Bulgaria (CIF) - 2023
In June 2023, the average import price for meat of bovine animals; frozen amounted to $5,372 per ton, surging by 3% against the previous month. Overall, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in December 2022 an increase of 26% against the previous month. Over the period under review, average import prices attained the maximum at $6,391 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($11,400 per ton), while the price for Hungary ($3,427 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Bulgaria (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $5,844 per ton, surging by 27% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +22.3% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 45%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9,037 per ton), while the average price for exports to Greece ($3,571 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 the UK (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Bulgaria
Meat of bovine animals; frozen imports into Bulgaria contracted rapidly to 5.3K tons in 2022, reducing by -30.5% on the year before. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of 7.7K tons, and then dropped markedly in the following year.
In value terms, meat of bovine animals; frozen imports expanded modestly to $31M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.1 | 7.2 | 8.1 | 9.0 | -0.4% |
| Italy | 7.5 | 5.8 | 7.5 | 6.6 | -4.2% |
| Netherlands | 1.0 | 1.7 | 3.8 | 5.3 | 74.4% |
| Spain | 3.5 | 2.3 | 2.9 | 2.1 | -15.7% |
| Romania | 1.7 | 0.7 | 1.0 | 1.8 | 1.9% |
| Denmark | 1.4 | 1.1 | 0.5 | 1.8 | 8.7% |
| Hungary | 0.3 | 0.3 | 0.7 | 1.0 | 49.4% |
| Germany | 0.9 | 0.6 | 0.8 | 0.7 | -8.0% |
| Belgium | 0.8 | 0.4 | 0.5 | 0.6 | -9.1% |
| Others | 0.6 | 2.4 | 4.5 | 2.1 | 51.8% |
| Total | 26.7 | 22.7 | 30.3 | 31.0 | 5.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Bulgaria in 2022:
- Poland (1624.7 tons)
- Italy (1007.8 tons)
- Netherlands (540.0 tons)
- Spain (469.5 tons)
- Denmark (407.2 tons)
- Romania (377.1 tons)
- Hungary (216.2 tons)
- Germany (150.5 tons)
- Belgium (90.3 tons)
Exports of Meat of Bovine Animals; Frozen in Bulgaria
After three years of growth, shipments abroad of meat of bovine animals; frozen decreased by -77.7% to 104 tons in 2022. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 109%. As a result, the exports reached the peak of 466 tons, and then fell notably in the following year.
In value terms, meat of bovine animals; frozen exports dropped significantly to $607K in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, the exports attained the peak of $2.1M, and then fell rapidly in the following year.
| Export of Meat of Bovine Animals; Frozen in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 258 | 668 | 853 | 147 | -17.1% |
| Germany | 14.6 | 39.8 | 195 | 136 | 110.4% |
| North Macedonia | 396 | 210 | 462 | 93.3 | -38.2% |
| United Kingdom | N/A | N/A | 274 | 58.8 | -78.5% |
| Greece | 197 | 46.2 | 164 | 51.4 | -36.1% |
| Spain | N/A | N/A | N/A | 43.6 | 0% |
| Netherlands | 18.7 | 20.7 | 26.5 | 36.5 | 25.0% |
| Italy | N/A | N/A | 73.7 | 0.6 | -99.2% |
| Others | 8.6 | 30.2 | 99.1 | 39.3 | 65.9% |
| Total | 893 | 1,015 | 2,149 | 607 | -12.1% |
Top Export Markets for Meat of Bovine Animals; Frozen from Bulgaria in 2022:
- Romania (28.3 tons)
- Germany (16.3 tons)
- North Macedonia (16.1 tons)
- Greece (14.4 tons)
- Spain (8.1 tons)
- United Kingdom (6.5 tons)
- Netherlands (5.2 tons)
- Italy (0.2 tons)
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