Price for Frozen Boneless Cuts of Bovine Meat in Slovenia - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Slovenia (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Slovenia (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Slovenia
- Exports of Frozen Boneless Cuts of Bovine Meat in Slovenia
Price for Frozen Boneless Cuts of Bovine Meat in Slovenia (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $16,755 per ton in October 2023, growing by 104% against the previous month. Overall, import price indicated a strong expansion from October 2022 to October 2023: its price increased at an average monthly rate of +7.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for frozen boneless cuts of bovine meat increased by +104.1% against September 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +11.9% per month.
Price for Frozen Boneless Cuts of Bovine Meat in Slovenia (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $7,024 per ton in October 2023, shrinking by -1.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 66% month-to-month. Over the period under review, the average export prices attained the peak figure at $10,925 per ton in August 2023; however, from September 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Montenegro ($16,691 per ton), while the average price for exports to Bosnia and Herzegovina stood at $6,691 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in Slovenia
In 2022, approx. 2.2K tons of frozen boneless cuts of bovine meat were imported into Slovenia; with a decrease of -1.7% against the year before. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 2.3K tons, and then dropped in the following year.
In value terms, imports of frozen boneless cuts of bovine meat surged to $18M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 0.4 | 3.2 | 4.5 | 6.5 | 153.3% |
| Italy | 1.0 | 2.5 | 4.4 | 4.3 | 62.6% |
| Poland | 1.6 | 1.0 | 1.2 | 2.5 | 16.0% |
| Netherlands | 0.5 | 0.8 | 1.0 | 1.7 | 50.4% |
| Germany | 1.2 | 0.8 | 1.7 | 1.1 | -2.9% |
| Spain | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
| Austria | 4.2 | 0.5 | 0.7 | 0.3 | -58.5% |
| Hungary | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Brazil | 1.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.3 | 0.5 | 0.8 | -3.9% |
| Total | 11.6 | 9.5 | 14.6 | 18.0 | 15.8% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Slovenia in 2022:
- Croatia (813.9 tons)
- Italy (541.2 tons)
- Poland (280.4 tons)
- Germany (153.4 tons)
- Netherlands (129.1 tons)
- Spain (75.1 tons)
- Hungary (68.2 tons)
- Austria (40.8 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Slovenia
In 2022, the amount of frozen boneless cuts of bovine meat exported from Slovenia expanded notably to 572 tons, with an increase of 9.7% compared with 2021 figures. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat soared to $4M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 2,203 | 2,175 | 444 | 1,531 | -11.4% |
| Bosnia and Herzegovina | 238 | 872 | 1,322 | 1,129 | 68.0% |
| North Macedonia | 81.6 | 237 | 251 | 476 | 80.0% |
| Serbia | N/A | 67.6 | 61.5 | 247 | 91.2% |
| Montenegro | 59.7 | 353 | 58.0 | 179 | 44.2% |
| Austria | 37.6 | 39.0 | 77.5 | 150 | 58.6% |
| Philippines | N/A | 131 | 231 | 87.1 | -18.5% |
| South Korea | N/A | N/A | N/A | 67.9 | 0% |
| Others | 87.8 | 30.6 | 97.7 | 127 | 13.1% |
| Total | 2,708 | 3,905 | 2,543 | 3,993 | 13.8% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Slovenia in 2022:
- Bosnia and Herzegovina (186.5 tons)
- North Macedonia (154.9 tons)
- Croatia (125.4 tons)
- Philippines (23.8 tons)
- Serbia (23.1 tons)
- South Korea (21.9 tons)
- Austria (14.4 tons)
- Montenegro (4.6 tons)
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