Price for Frozen Boneless Cuts of Bovine Meat in the Czech Republic - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in the Czech Republic (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in the Czech Republic (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in the Czech Republic
- Exports of Frozen Boneless Cuts of Bovine Meat in the Czech Republic
Price for Frozen Boneless Cuts of Bovine Meat in the Czech Republic (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $6,066 per ton in October 2023, growing by 7.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 42% month-to-month. As a result, import price reached the peak level of $7,030 per ton. From January 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($7,823 per ton), while the price for Poland ($5,136 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in the Czech Republic (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $6,013 per ton in October 2023, declining by -17.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,254 per ton in September 2023, and then plummeted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($14,094 per ton), while the average price for exports to the Netherlands ($4,205 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+92.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in the Czech Republic
Imports of frozen boneless cuts of bovine meat into the Czech Republic fell to 4.8K tons in 2022, dropping by -5.4% against the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 5.1K tons, and then fell in the following year.
In value terms, imports of frozen boneless cuts of bovine meat rose significantly to $27M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 0.8 | 1.6 | 2.6 | 7.1 | 107.0% |
| Poland | 5.4 | 3.9 | 6.9 | 6.4 | 5.8% |
| Netherlands | 3.0 | 3.2 | 3.7 | 4.1 | 11.0% |
| Spain | 1.6 | 1.6 | 2.9 | 2.3 | 12.9% |
| Germany | 2.2 | 2.1 | 2.1 | 1.8 | -6.5% |
| Ireland | 1.2 | 1.4 | 1.3 | 1.6 | 10.1% |
| Belgium | 0.9 | 0.7 | 0.7 | 1.4 | 15.9% |
| Italy | 3.3 | 1.8 | 2.1 | 1.0 | -32.8% |
| Others | 2.2 | 1.0 | 1.2 | 0.9 | -25.8% |
| Total | 20.6 | 17.2 | 23.4 | 26.6 | 8.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to the Czech Republic in 2022:
- Poland (1224.3 tons)
- Austria (1029.9 tons)
- Netherlands (924.2 tons)
- Spain (396.8 tons)
- Germany (324.0 tons)
- Italy (292.5 tons)
- Belgium (259.2 tons)
- Ireland (171.6 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in the Czech Republic
In 2022, shipments abroad of frozen boneless cuts of bovine meat increased by 38% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt descent.
In value terms, exports of frozen boneless cuts of bovine meat soared to $6.7M in 2022. Over the period under review, exports, however, showed a pronounced decline.
| Export of Frozen Boneless Cuts of Bovine Meat in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.4 | 1.8 | 1.7 | 3.4 | 12.3% |
| Slovakia | 1.8 | 1.4 | 1.5 | 2.2 | 6.9% |
| Hungary | 1.9 | 0.4 | 0.3 | 0.7 | -28.3% |
| Bulgaria | N/A | N/A | N/A | 0.2 | 0% |
| Germany | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Others | 0.6 | N/A | 0.1 | N/A | -59.2% |
| Total | 7.4 | 3.8 | 3.8 | 6.7 | -3.3% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from the Czech Republic in 2022:
- Poland (563.9 tons)
- Slovakia (382.9 tons)
- Bulgaria (62.6 tons)
- Hungary (36.0 tons)
- Germany (5.2 tons)
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