Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (CIF) - 2023
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (FOB) - 2023
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (CIF) - 2023
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,938 per ton in October 2023, with an increase of 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 36% against the previous month. As a result, import price reached the peak level of $5,561 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Czech Republic ($4,981 per ton), while the price for Spain ($1,306 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 (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (FOB) - 2023
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,133 per ton in October 2023, with a decrease of -2.4% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 34% month-to-month. The export price peaked at $5,366 per ton in February 2023; however, from March 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the Czech Republic ($4,313 per ton), while the average price for exports to Hungary stood at $681 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.1%).
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia
In 2022, purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -37.2% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 211%. As a result, imports attained the peak of 2K tons, and then dropped sharply in the following year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped rapidly to $5.4M in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 244%. As a result, imports attained the peak of $7.8M, and then fell sharply in the following year.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,337 | 1,339 | 5,494 | 2,696 | 26.3% |
| Czech Republic | 195 | 758 | 1,543 | 1,690 | 105.4% |
| Hungary | 1.1 | 2.5 | 209 | 616 | 724.3% |
| Austria | 63.7 | 22.2 | 310 | 112 | 20.7% |
| Netherlands | 64.9 | 38.0 | 34.6 | 96.6 | 14.2% |
| Spain | 48.5 | N/A | 31.9 | 51.4 | 2.0% |
| Ireland | 15.5 | 49.0 | 52.3 | 28.4 | 22.4% |
| Others | 446 | 53.0 | 96.6 | 94.0 | -40.5% |
| Total | 2,171 | 2,262 | 7,771 | 5,384 | 35.4% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Slovakia in 2022:
- Poland (629.0 tons)
- Czech Republic (380.3 tons)
- Hungary (145.0 tons)
- Spain (37.3 tons)
- Austria (26.9 tons)
- Netherlands (24.6 tons)
- Ireland (23.1 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia
In 2022, overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -37.5% to 480 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,547% against the previous year. As a result, the exports reached the peak of 768 tons, and then dropped remarkably in the following year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell significantly to $2.2M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 3,801%. As a result, the exports reached the peak of $3.3M, and then contracted rapidly in the following year.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | 1.0 | 3,202 | 2,158 | 4545.4% |
| Hungary | 47.2 | 82.5 | 49.1 | 4.3 | -55.0% |
| Others | 1.9 | 0.3 | 15.9 | 2.8 | 13.8% |
| Total | 49.1 | 83.7 | 3,267 | 2,166 | 253.3% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Slovakia in 2022:
- Czech Republic (478.1 tons)
- Hungary (1.1 tons)
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