Czech Republic: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in the Czech Republic

The Czech preserved cows meat market skyrocketed to $X in 2021, picking up by 32% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved cows meat consumption peaked in 2021 and is likely to continue growth in the immediate term.

Preserved Cows Meat Production in the Czech Republic

In value terms, preserved cows meat production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with a decrease of -7.3% against the previous year. Preserved cows meat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Cows Meat Exports

Exports from the Czech Republic

In 2021, after two years of growth, there was significant decline in shipments abroad of prepared or preserved meat or offal of bovine animals, when their volume decreased by -8.8% to X tons. Overall, exports recorded a slight decrease. The pace of growth was the most pronounced in 2019 with an increase of 13%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports soared to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.5% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of preserved cows meat exports from the Czech Republic, with a combined 78% share of total exports. These countries were followed by Austria, Slovenia, Sweden and Lithuania, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +171.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved cows meat exported from the Czech Republic were Slovakia ($X), Germany ($X) and Hungary ($X), with a combined 76% share of total exports.

Germany, with a CAGR of +151.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, increasing by 36% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.8% 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 cows meat export price increased by +23.8% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($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 Austria (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into the Czech Republic

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into the Czech Republic surged to X tons, increasing by 16% against the previous year's figure. Overall, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved cows meat imports surged to $X in 2021. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 49% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of preserved cows meat to the Czech Republic, with a 51% share of total imports. Moreover, preserved cows meat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Slovakia (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and Slovakia (+198.4% per year).

In value terms, Poland ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to the Czech Republic, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by Slovakia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.3% per year) and Slovakia (+239.3% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, growing by 13% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% 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 cows meat import price increased by +96.1% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 Slovakia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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