Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia (CIF) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia (CIF) - 2023

In August 2023, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,360 per ton, waning by -7.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 76% m-o-m. Over the period under review, average import prices attained the maximum at $5,847 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($5,621 per ton), while the price for Italy ($2,688 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 Germany (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia (FOB) - 2022

In 2022, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $6,442 per ton, growing by 10% against the previous year. In general, the export price recorded a modest increase. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +2.8% per year.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia

In 2022, overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat increased by 2.7% to 635 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible contraction.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $2.8M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Slovakia in 2022:

1. Poland (263.8 tons)
2. Germany (231.8 tons)
3. Austria (112.3 tons)
4. Netherlands (17.6 tons)
5. Czech Republic (8.7 tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Slovakia

In 2022, after two years of decline, there was significant growth in overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat, when their volume increased by 15,917% to 3.8 tons. In general, exports, however, recorded a dramatic downturn.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $25K in 2022. Over the period under review, exports, however, recorded a precipitous slump.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Slovakia in 2022:

1. Austria (3.8 tons)

Source: IndexBox Market Intelligence Platform