Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic - 2023

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic (CIF) - 2023
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic (FOB) - 2022
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic (CIF) - 2023

The average import price for frozen carcasses and half-carcasses of bovine meat stood at $7,202 per ton in October 2023, with an increase of 17% against the previous month. Over the period under review, import price indicated pronounced growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for frozen carcasses and half-carcasses of bovine meat decreased by -14.0% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 86% m-o-m. The import price peaked at $8,370 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Slovakia ($13,231 per ton), while the price for the Netherlands ($3,937 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 the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic (FOB) - 2022

In 2022, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $10,168 per ton, rising by 159% against the previous year. Overall, the export price showed a resilient increase. Over the period under review, the average export prices hit record highs at $11,350 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($22,018 per ton), while the average price for exports to Slovakia ($1,826 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 Hungary (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic

For the fourth year in a row, the Czech Republic recorded growth in overseas purchases of frozen carcasses and half-carcasses of bovine meat, which increased by 111% to 223 tons in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 138% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $1.2M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 213% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to the Czech Republic in 2022:

1. Poland (102.6 tons)
2. Austria (93.9 tons)
3. Ireland (14.2 tons)
4. Netherlands (12.3 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in the Czech Republic

In 2022, shipments abroad of frozen carcasses and half-carcasses of bovine meat increased by 0.7% to 309 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp contraction.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $3.1K in 2022. In general, exports, however, continue to indicate a sharp curtailment.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from the Czech Republic in 2022:

1. Austria (129.0 kg)
2. Hungary (111.0 kg)
3. Slovakia (69.0 kg)

Source: IndexBox Market Intelligence Platform