Price for Frozen Boneless Cuts of Bovine Meat in Ukraine - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Ukraine (FOB) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Ukraine (CIF) - 2023
- Exports of Frozen Boneless Cuts of Bovine Meat in Ukraine
- Imports of Frozen Boneless Cuts of Bovine Meat in Ukraine
Price for Frozen Boneless Cuts of Bovine Meat in Ukraine (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $4,305 per ton in November 2023, therefore, remained relatively stable against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 4.4% m-o-m. The export price peaked at $4,346 per ton in July 2023; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($5,263 per ton), while the average price for exports to Uzbekistan ($2,650 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Frozen Boneless Cuts of Bovine Meat in Ukraine (CIF) - 2023
In November 2023, the average import price for frozen boneless cuts of bovine meat amounted to $5,729 per ton, picking up by 12% against the previous month. Overall, import price indicated noticeable growth from December 2022 to November 2023: its price increased at an average monthly rate of +3.9% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for frozen boneless cuts of bovine meat increased by +12.3% against October 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 74% m-o-m. The import price peaked at $6,318 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Argentina ($8,916 per ton), while the price for Germany ($4,660 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Argentina (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Ukraine
In 2022, the amount of frozen boneless cuts of bovine meat exported from Ukraine declined rapidly to 13K tons, reducing by -37.9% against the previous year. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of 21K tons, and then contracted sharply in the following year.
In value terms, exports of frozen boneless cuts of bovine meat shrank markedly to $63M in 2022. Overall, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $93M, and then shrank markedly in the following year.
| Export of Frozen Boneless Cuts of Bovine Meat in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 21.9 | 56.5 | 47.0 | 108.3% |
| Azerbaijan | 9.1 | 14.7 | 6.8 | 4.8 | -19.2% |
| Kazakhstan | 16.7 | 8.5 | 9.1 | 3.8 | -38.9% |
| Moldova | 0.5 | 1.1 | 2.4 | 3.1 | 83.7% |
| Georgia | 4.9 | 1.8 | 2.0 | 1.5 | -32.6% |
| Uzbekistan | 0.1 | 0.6 | 0.8 | 1.5 | 146.6% |
| Armenia | 1.5 | 1.3 | 0.9 | 0.5 | -30.7% |
| Belarus | 14.9 | 7.9 | 12.0 | 0.3 | -72.8% |
| Others | 4.3 | 2.8 | 2.6 | 0.8 | -42.9% |
| Total | 57.2 | 60.6 | 93.1 | 63.2 | 3.4% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Ukraine in 2022:
- China (9.1K tons)
- Azerbaijan (1.0K tons)
- Kazakhstan (1.0K tons)
- Moldova (0.7K tons)
- Georgia (0.4K tons)
- Uzbekistan (0.4K tons)
- Armenia (0.2K tons)
- Belarus (0.1K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Ukraine
In 2022, supplies from abroad of frozen boneless cuts of bovine meat decreased by -59.2% to 774 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports attained the peak of 1.9K tons, and then declined significantly in the following year.
In value terms, imports of frozen boneless cuts of bovine meat fell rapidly to $3.9M in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $7.2M, and then shrank significantly in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.1 | 0.7 | 0.6 | 1.9 | 166.8% |
| Lithuania | 2.7 | 2.3 | 2.1 | 0.7 | -36.2% |
| Austria | N/A | 1.3 | 4.2 | 0.6 | -32.1% |
| Brazil | N/A | N/A | N/A | 0.4 | 0% |
| Ireland | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.3 | 0.3 | N/A | -13.4% |
| Total | 3.2 | 4.5 | 7.2 | 3.9 | 6.8% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Ukraine in 2022:
- Poland (304.1 tons)
- Lithuania (158.2 tons)
- Brazil (141.3 tons)
- Austria (139.4 tons)
- Ireland (20.0 tons)
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