Slovakia: Preserved Beef Market 2024

Preserved Beef Market Size in Slovakia

The Slovak preserved beef market plummeted to $X in 2021, with a decrease of -65.4% against the previous year. In general, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preserved Beef Production in Slovakia

In value terms, preserved beef production shrank notably to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 282% against the previous year. Preserved beef production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Beef Exports

Exports from Slovakia

In 2021, the amount of beef and veal (salted, in brine, dried or smoked) exported from Slovakia rose slightly to X tons, growing by 5% compared with the previous year's figure. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 89% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved beef exports surged to $X in 2021. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 133%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for preserved beef exports from Slovakia, with a 99% share of total exports. It was followed by the Czech Republic (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +18.8%.

In value terms, Hungary ($X) remains the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Slovakia, comprising 97% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary stood at +19.3%.

Export Prices by Country

The average preserved beef export price stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the export price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+0.4%).

Preserved Beef Imports

Imports into Slovakia

In 2021, after two years of decline, there was significant growth in overseas purchases of beef and veal (salted, in brine, dried or smoked), when their volume increased by 39% to X tons. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 240%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved beef imports stood at $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 143% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest preserved beef supplier to Slovakia, accounting for a 74% share of total imports. Moreover, preserved beef imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +128.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+57.5% per year) and the Czech Republic (+2.1% per year).

In value terms, the largest preserved beef suppliers to Slovakia were Germany ($X), Poland ($X) and the Czech Republic ($X), with a combined 91% share of total imports.

Among the main suppliers, Poland, with a CAGR of +126.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved beef import price amounted to $X per ton, falling by -18.5% against the previous year. Overall, the import price showed a pronounced slump. The growth pace was the most rapid in 2020 when the average import price increased by 80%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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