Beef Market Overview in Russia
In value terms, beef production dropped slightly to $ in estimated in export prices. Over the period under review, the total production indicated a moderate increase from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain the momentum.
In , the average yield of beef (cattle meat) in Russia totaled kg per head, approximately equating the previous year. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the yield increased by % against the previous year. The beef yield peaked in and is expected to retain growth in the immediate term.
The number of animals slaughtered for beef production in Russia reduced modestly to heads in , with a decrease of -% on 2019 figures. In general, the number of producing animals showed a mild slump. The growth pace was the most rapid in 2008 with an increase of % y-o-y. As a result, the amount of animals produced attained the peak level of heads. from 2009 to , the growth of this number remained at a somewhat lower figure.
The value of the beef market in Russia fell to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption remained at a lower figure.