Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania - 2023

Contents:

  1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (CIF) - 2023
  2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (FOB) - 2022
  3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania
  4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (CIF) - 2023

In August 2023, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,116 per ton, picking up by 18% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. Over the period under review, average import prices reached the maximum at $6,241 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Ireland ($19,931 per ton), while the price for Hungary ($3,840 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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (FOB) - 2022

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $2,706 per ton in 2022, with a decrease of -15.2% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of 78%. The export price peaked at $4,653 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($3,464 per ton), while the average price for exports to Italy ($1,930 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 Poland (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania

In 2022, overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 3.3% to 1.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt curtailment.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $7.7M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland1,8682,0172,3003,10718.5%
Netherlands1,1497681,2011,4808.8%
Hungary1,3971,7541,174987-10.9%
Italy1,108423559786-10.8%
Austria0.125.646.94431542.4%
Germany15517033521411.4%
Spain0.135.12211661084.0%
Others86.033222249779.5%
Total5,7635,5256,0587,68010.0%

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Romania in 2022:

  1. Poland (797.1 tons)
  2. Hungary (257.3 tons)
  3. Netherlands (120.3 tons)
  4. Italy (101.1 tons)
  5. Austria (64.8 tons)
  6. Spain (46.5 tons)
  7. Germany (14.8 tons)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania

In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat was finally on the rise to reach 221 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous decline.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $598K in 2022. Overall, exports, however, continue to indicate a precipitous contraction.

Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany301615212214-10.7%
Hungary1,78191.379.3102-61.5%
Sweden0.8N/A6.082.3368.6%
Greece0.511.60.167.2412.2%
Poland15.216.521.428.523.3%
Italy38722482.126.3-59.2%
NetherlandsN/A0.22.623.2977.0%
Spain12510.06.512.8-53.2%
Denmark68.30.2N/AN/A-99.7%
Others32.495.535.642.29.2%
Total2,7111,064445598-39.6%

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Romania in 2022:

  1. Germany (86.7 tons)
  2. Hungary (34.8 tons)
  3. Greece (24.9 tons)
  4. Sweden (23.7 tons)
  5. Italy (13.6 tons)
  6. Netherlands (10.7 tons)
  7. Poland (9.9 tons)
  8. Spain (3.8 tons)

Source: IndexBox Market Intelligence Platform

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