Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Serbia - 2023

Contents:

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

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Serbia (FOB) - 2023

In November 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $6,605 per ton, approximately mirroring the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 3.7% month-to-month. The export price peaked at $7,097 per ton in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Montenegro.

From November 2022 to November 2023, the rate of growth in terms of prices for Montenegro amounted to +0.3% per month.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Serbia (CIF) - 2022

In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $4,373 per ton, shrinking by -16.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38% against the previous year. The import price peaked at $5,229 per ton in 2021, and then dropped notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,478 per ton), while the price for Italy ($4,223 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Serbia

For the third year in a row, Serbia recorded decline in overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -29.6% to 241 tons in 2022. Over the period under review, exports showed a precipitous decrease. The smallest decline of -17.8% was in 2021.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat fell to $1.5M in 2022. Overall, exports recorded a drastic downturn. The smallest decline of -7% was in 2021.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Serbia in 2022:

1. Montenegro (240.7 tons)

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Serbia

In 2022, approx. 23 tons of fresh or chilled carcasses and half-carcasses of bovine meat were imported into Serbia; surging by 251% on the previous year's figure. In general, imports, however, recorded a abrupt decrease.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat soared to $100K in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 201%.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Serbia in 2022:

1. Italy (20.0 tons)
2. Netherlands (2.3 tons)
3. Croatia (0.6 tons)

Source: IndexBox Market Intelligence Platform