Slovenia: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Slovenia

The Slovene fresh beef carcase market soared to $X in 2022, rising by 74% against the previous year. Over the period under review, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fresh Beef Carcase Production in Slovenia

In value terms, fresh beef carcase production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Fresh Beef Carcase Exports

Exports from Slovenia

In 2022, after four years of growth, there was significant decline in shipments abroad of fresh or chilled carcases of beef and veal, when their volume decreased by -76.9% to X tons. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, fresh beef carcase exports dropped dramatically to $X in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 102%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

The Netherlands (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of fresh beef carcase exports from Slovenia, together accounting for 79% of total exports. Croatia, North Macedonia, Hungary, Germany and Austria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +90.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh beef carcase exported from Slovenia were Bosnia and Herzegovina ($X), the Netherlands ($X) and Italy ($X), together comprising 77% of total exports. Croatia, North Macedonia, Hungary, Germany and Austria lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Croatia, with a CAGR of +87.1%, 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 fresh beef carcase export price stood at $X per ton in 2022, with an increase of 28% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. 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 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Austria ($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 North Macedonia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Slovenia

In 2022, fresh beef carcase imports into Slovenia reduced slightly to X tons, waning by -3.7% on the previous year's figure. Overall, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh beef carcase imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest fresh beef carcase supplier to Slovenia, with a 68% share of total imports. Moreover, fresh beef carcase imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Croatia (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.4% per year) and Croatia (+77.2% per year).

In value terms, Italy ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Slovenia, comprising 63% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Croatia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.7% per year) and Croatia (+71.9% per year).

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform