Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia (CIF) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia (FOB) - 2023
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia (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 $5,161 per ton, approximately reflecting the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 9.4% m-o-m. As a result, import price attained the peak level of $5,581 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($5,722 per ton), while the price for Denmark ($2,911 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 Austria (+1.9%), 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 Croatia (FOB) - 2023
In October 2023, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,444 per ton, reducing by -17.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 6.1% m-o-m. The export price peaked at $5,537 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In October 2023, the country with the highest price was Montenegro ($6,053 per ton), while the average price for exports to Bosnia and Herzegovina ($4,403 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia
In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Croatia rose significantly to 17K tons, growing by 12% on 2021. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $79M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +75.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 16.4 | 14.5 | 20.6 | 26.8 | 17.8% |
Netherlands | 20.0 | 18.1 | 21.2 | 24.1 | 6.4% |
Italy | 5.7 | 6.5 | 11.3 | 15.0 | 38.1% |
Austria | 3.1 | 2.1 | 3.0 | 5.3 | 19.6% |
Germany | 0.8 | 1.6 | 1.9 | 4.5 | 77.8% |
Slovenia | 1.6 | 0.8 | 1.2 | 0.7 | -24.1% |
Belgium | 2.3 | 0.8 | 0.5 | 0.1 | -64.8% |
Others | 0.2 | 0.6 | 2.0 | 2.7 | 138.1% |
Total | 50.0 | 45.1 | 61.7 | 79.2 | 16.6% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Croatia in 2022:
- Poland (5.7K tons)
- Netherlands (4.8K tons)
- Italy (3.2K tons)
- Austria (1.2K tons)
- Germany (1.2K tons)
- Slovenia (0.1K tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia
In 2022, shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -0.4% to 7.1K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 133%. As a result, the exports attained the peak of 8.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded remarkably to $34M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Croatia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 3.0 | 18.4 | 16.2 | 20.5 | 89.8% |
Italy | 13.7 | 10.9 | 11.6 | 10.4 | -8.8% |
Hungary | 0.8 | 0.9 | 1.0 | 1.7 | 28.6% |
Serbia | N/A | N/A | 0.1 | 1.0 | 900.0% |
Slovenia | 0.8 | 0.7 | 0.6 | 0.7 | -4.4% |
North Macedonia | 1.2 | 0.8 | 0.4 | N/A | -42.3% |
Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
Total | 19.5 | 31.7 | 29.9 | 34.3 | 20.7% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Croatia in 2022:
- Bosnia and Herzegovina (5.1K tons)
- Italy (1.5K tons)
- Serbia (0.2K tons)
- Hungary (0.2K tons)
- Slovenia (0.1K tons)
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