Czech Republic: Preserved Beef Market 2024

Preserved Beef Market Size in the Czech Republic

In 2021, the Czech preserved beef market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Beef Production in the Czech Republic

In value terms, preserved beef production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 110%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Preserved Beef Exports

Exports from the Czech Republic

In 2021, exports of beef and veal (salted, in brine, dried or smoked) from the Czech Republic contracted dramatically to X tons, dropping by -48.4% on the previous year. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,889%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved beef exports reduced remarkably to $X in 2021. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 1,904%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons), Norway (X tons) and the UK (X kg) were the main destinations of preserved beef exports from the Czech Republic, together comprising 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +128.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved beef exported from the Czech Republic were Slovakia ($X), Norway ($X) and the UK ($X), together accounting for 88% of total exports.

Among the main countries of destination, the UK, with a CAGR of +142.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved beef export price stood at $X per ton in 2021, which is down by -16.1% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved beef export price decreased by -32.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into the Czech Republic

In 2021, overseas purchases of beef and veal (salted, in brine, dried or smoked) decreased by -21.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved beef imports surged to $X in 2021. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2017 with an increase of 56% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest preserved beef supplier to the Czech Republic, accounting for a 71% share of total imports. Moreover, preserved beef imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Lithuania (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.8% per year) and Lithuania (+8.4% per year).

In value terms, the largest preserved beef suppliers to the Czech Republic were Italy ($X), Germany ($X) and France ($X), with a combined 90% share of total imports.

France, with a CAGR of +209.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2021, growing by 94% against the previous year. In general, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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