Price for Meat of Bovine Animals; Frozen in Slovakia - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Slovakia (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Slovakia (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in Slovakia
- Exports of Meat of Bovine Animals; Frozen in Slovakia
Price for Meat of Bovine Animals; Frozen in Slovakia (CIF) - 2023
In June 2023, the average import price for meat of bovine animals; frozen amounted to $4,710 per ton, falling by -14.7% against the previous month. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 24% against the previous month. As a result, import price reached the peak level of $6,353 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($5,924 per ton), while the price for Italy ($2,100 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Slovakia (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $4,726 per ton in June 2023, standing approximately at the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 62% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,585 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In June 2023, the country with the highest price was the Czech Republic ($4,773 per ton), while the average price for exports to Hungary stood at $4,194 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+0.8%).
Imports of Meat of Bovine Animals; Frozen in Slovakia
For the fourth consecutive year, Slovakia recorded growth in purchases abroad of meat of bovine animals; frozen, which increased by 11% to 3.9K tons in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen imports soared to $18M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 85%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.0 | 4.2 | 8.3 | 5.9 | 13.8% |
| Czech Republic | 0.7 | 1.7 | 2.7 | 4.9 | 91.3% |
| Hungary | 0.4 | 0.2 | 0.8 | 3.5 | 106.1% |
| Germany | 0.4 | 0.5 | 0.6 | 1.2 | 44.2% |
| Netherlands | 0.5 | 0.6 | 1.3 | 1.0 | 26.0% |
| Spain | 0.2 | 0.2 | 0.4 | 0.9 | 65.1% |
| Italy | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.9 | 0.8 | 1.2 | 0.9 | -22.0% |
| Total | 8.2 | 8.3 | 15.3 | 18.5 | 31.2% |
Top Suppliers of Meat of Bovine Animals; Frozen to Slovakia in 2022:
- Poland (1611.6 tons)
- Czech Republic (890.2 tons)
- Hungary (586.1 tons)
- Spain (318.8 tons)
- Germany (247.4 tons)
- Italy (68.3 tons)
- Netherlands (64.2 tons)
Exports of Meat of Bovine Animals; Frozen in Slovakia
In 2022, after three years of growth, there was significant decline in shipments abroad of meat of bovine animals; frozen, when their volume decreased by -44.5% to 459 tons. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 956% against the previous year. As a result, the exports reached the peak of 827 tons, and then dropped sharply in the following year.
In value terms, meat of bovine animals; frozen exports declined significantly to $2.3M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,270%. As a result, the exports attained the peak of $3.5M, and then declined significantly in the following year.
| Export of Meat of Bovine Animals; Frozen in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 13.3 | 17.3 | 3,234 | 2,056 | 436.7% |
| Hungary | 187 | 204 | 178 | 195 | 1.4% |
| Others | 23.6 | 32.0 | 59.1 | 2.2 | -54.7% |
| Total | 224 | 253 | 3,472 | 2,254 | 115.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Slovakia in 2022:
- Czech Republic (424.9 tons)
- Hungary (33.9 tons)
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