Slovakia: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Slovakia

The Slovak fresh beef carcase market surged to $X in 2022, picking up by 28% against the previous year. Overall, consumption posted noticeable growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Fresh Beef Carcase Production in Slovakia

In value terms, fresh beef carcase production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 307%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Fresh Beef Carcase Exports

Exports from Slovakia

In 2022, fresh beef carcase exports from Slovakia declined markedly to X tons, waning by -92.7% on 2021 figures. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fresh beef carcase exports reduced sharply to $X in 2022. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 57%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for fresh beef carcase exports from Slovakia, accounting for a 65% share of total exports. Moreover, fresh beef carcase exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled -25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-22.4% per year) and Austria (-32.3% per year).

In value terms, Hungary ($X) emerged as the key foreign market for fresh or chilled carcases of beef and veal exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled -26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-22.9% per year) and Austria (-31.7% per year).

Export Prices by Country

In 2022, the average fresh beef carcase export price amounted to $X per ton, with an increase of 5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+0.9%), while the prices for the other major destinations experienced a decline.

Fresh Beef Carcase Imports

Imports into Slovakia

In 2022, the amount of fresh or chilled carcases of beef and veal imported into Slovakia dropped to X tons, waning by -7.8% compared with 2021 figures. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 52%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh beef carcase imports totaled $X in 2022. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of fresh beef carcase imports to Slovakia, with a combined 79% share of total imports. Austria, the Netherlands and Ireland lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +8.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest fresh beef carcase suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and Germany ($X), with a combined 80% share of total imports. Austria, the Netherlands and Ireland lagged somewhat behind, together accounting for a further 8.8%.

The Netherlands, with a CAGR of +10.9%, saw the highest growth rate of the value of imports, among 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 fresh beef carcase import price stood at $X per ton in 2022, growing by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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