Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $7,031 per ton in October 2023, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 10% against the previous month. As a result, import price attained the peak level of $7,544 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($9,395 per ton), while the price for Austria ($5,659 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ireland (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (FOB) - 2023
In October 2023, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $7,826 per ton, stabilizing at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 13% month-to-month. As a result, the export price reached the peak level of $8,567 per ton. From May 2023 to October 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($19,956 per ton), while the average price for exports to Austria ($4,075 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 Hungary (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic
In 2022, the amount of fresh or chilled boneless cuts of bovine meat imported into the Czech Republic rose significantly to 28K tons, growing by 5.3% against the previous year's figure. Overall, imports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 7.3% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded sharply to $179M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 36.4 | 58.3 | 64.1 | 80.9 | 30.5% |
| Poland | 28.8 | 35.9 | 47.2 | 48.2 | 18.7% |
| Ireland | 19.8 | 13.3 | 15.6 | 17.1 | -4.8% |
| Germany | 25.9 | 11.0 | 9.9 | 11.4 | -23.9% |
| Belgium | 5.4 | 5.2 | 5.9 | 8.5 | 16.3% |
| Austria | 5.7 | 2.1 | 3.5 | 3.4 | -15.8% |
| Others | 38.0 | 7.1 | 10.5 | 9.4 | -37.2% |
| Total | 160 | 133 | 157 | 179 | 3.8% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to the Czech Republic in 2022:
- Netherlands (12.8K tons)
- Poland (7.6K tons)
- Ireland (2.2K tons)
- Germany (1.7K tons)
- Belgium (1.7K tons)
- Austria (0.5K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic
In 2022, exports of fresh or chilled boneless cuts of bovine meat from the Czech Republic expanded significantly to 6.8K tons, increasing by 12% on the previous year. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled boneless cuts of bovine meat surged to $49M in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 25.1 | 26.3 | 26.0 | 30.9 | 7.2% |
| Poland | 6.2 | 6.0 | 6.4 | 11.1 | 21.4% |
| Hungary | 2.0 | 1.6 | 2.0 | 3.6 | 21.6% |
| Germany | 2.7 | 3.7 | 2.0 | 3.1 | 4.7% |
| Others | 0.7 | 0.6 | 0.8 | 0.4 | -17.0% |
| Total | 36.8 | 38.2 | 37.2 | 49.1 | 10.1% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from the Czech Republic in 2022:
- Slovakia (4.3K tons)
- Poland (1.9K tons)
- Germany (0.4K tons)
- Hungary (0.2K tons)
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