Price for Meat of Bovine Animals; Fresh or Chilled in Serbia - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Serbia (CIF) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in Serbia (FOB) - 2023
- Imports of Meat of Bovine Animals; Fresh or Chilled in Serbia
- Exports of Meat of Bovine Animals; Fresh or Chilled in Serbia
Price for Meat of Bovine Animals; Fresh or Chilled in Serbia (CIF) - 2023
In December 2023, the average import price for meat of bovine animals; fresh or chilled amounted to $7,699 per ton, surging by 9.7% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in April 2023 an increase of 10% m-o-m. As a result, import price reached the peak level of $8,045 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($7,826 per ton), while the price for Croatia stood at $4,389 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%).
Price for Meat of Bovine Animals; Fresh or Chilled in Serbia (FOB) - 2023
The average export price for meat of bovine animals; fresh or chilled stood at $6,939 per ton in December 2023, with an increase of 3.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 9.9% month-to-month. Over the period under review, the average export prices hit record highs at $7,342 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2023, the country with the highest price was Italy ($7,414 per ton), while the average price for exports to Montenegro stood at $6,794 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.9%).
Imports of Meat of Bovine Animals; Fresh or Chilled in Serbia
Imports of meat of bovine animals; fresh or chilled into Serbia soared to 1.1K tons in 2022, picking up by 15% compared with the previous year. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled skyrocketed to $5.9M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.8 | 2.2 | 3.1 | 4.5 | 17.1% |
| Croatia | 0.7 | 0.3 | N/A | 1.0 | 12.6% |
| Italy | 0.3 | 0.1 | 0.7 | 0.2 | -12.6% |
| Poland | 0.3 | 0.8 | 0.5 | N/A | 29.1% |
| Others | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 4.2 | 3.7 | 4.6 | 5.9 | 12.0% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Serbia in 2022:
- Netherlands (825.4 tons)
- Croatia (238.7 tons)
- Italy (40.4 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Serbia
In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -51.2% to 846 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of 3.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of meat of bovine animals; fresh or chilled dropped dramatically to $5.1M in 2022. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Meat of Bovine Animals; Fresh or Chilled in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.8 | 1.8 | 2.1 | 2.0 | -10.6% |
| Montenegro | 3.5 | 2.1 | 2.7 | 1.7 | -21.4% |
| North Macedonia | 0.7 | 2.3 | 1.9 | 1.1 | 16.3% |
| Bosnia and Herzegovina | 0.2 | 1.0 | 1.3 | 0.4 | 26.0% |
| Turkey | 2.4 | 8.2 | N/A | N/A | 241.7% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 9.7 | 15.4 | 8.2 | 5.1 | -19.3% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Serbia in 2022:
- Italy (291.2 tons)
- Montenegro (269.7 tons)
- North Macedonia (199.3 tons)
- Bosnia and Herzegovina (85.9 tons)
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