Key message
Neutral

In Slovenia, the market prices follow the trends at the key agricultural markets, globally or regionally important. Market prices of grain are following the trend and the level of EU average, prices of beef are below EU average while the market prices of eggs and pig meat are above the EU average. Slovenia stands out with its market prices of milk, which are among the lowest in the EU.


Market prices are one of the key economic parameters for monitoring the value of production and the income position of the producers. The indicator shows the average annual market prices at purchasers (rules on the market information system) of the most important agricultural products in Slovenia, comparing them also with the EU average.


Charts

Figure KM32-1: Market price of young bulls - R3 in the period 2002–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2002 2443.24 2675.12
2003 2438.16 2701.80
2004 2403.94 2688.54
2005 2732.53 2918.84
2006 2895.89 3158.16
2007 2903.41 3014.72
2008 3032.60 3195.82
2009 3007.03 3193.78
2010 2987.76 3195.68
2011 3360.72 3520.86
2012 3689.67 3837.31
2013 3557.85 3815.85
2014 3430.89 3676.03
2015 3497.41 3772.25
2016 3371.27 3674.79
2017 3425.72 3796.87
2018 3520.81 3794.78
2019 3459.03 3585.99
2020 3196.61 3534.42
Figure KM32-2: Market price of fattening pigs - E class in the period 2002–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2002 1484.98 1355.13
2003 1371.38 1272.56
2004 1370.93 1383.55
2005 1486.66 1390.41
2006 1478.57 1452.27
2007 1365.53 1351.71
2008 1501.64 1532.39
2009 1377.82 1422.15
2010 1368.52 1402.36
2011 1510.25 1531.87
2012 1683.80 1705.17
2013 1696.21 1754.77
2014 1634.35 1565.97
2015 1548.78 1395.78
2016 1562.32 1459.60
2017 1680.16 1607.13
2018 1560.03 1420.45
2019 1808.11 1690.66
2020 1737.04 1601.36
Figure KM32-3: Market price of broilers in the period 2003–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 1929.89 1444.08
2004 1898.14 1478.28
2005 1786.98 1492.46
2006 1715.77 1513.04
2007 1837.86 1757.88
2008 1961.43 1803.03
2009 1877.35 1696.71
2010 1925.59 1700.98
2011 2003.23 1870.41
2012 2023.38 1919.28
2013 2080.09 1949.44
2014 2004.40 1910.49
2015 1990.56 1868.69
2016 1938.69 1782.48
2017 1924.37 1822.84
2018 2119.49 1870.49
2019 2100.41 1872.75
2020 2079.29 1841.15
Figure KM32-4: Market price of milk in the period 2003–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 274.84 302.03
2004 266.10 295.54
2005 262.14 289.68
2006 264.25 279.67
2007 280.31 320.73
2008 329.78 346.90
2009 258.98 265.12
2010 268.49 305.58
2011 304.73 339.89
2012 301.43 326.68
2013 323.03 365.05
2014 346.67 371.71
2015 283.33 308.27
2016 252.80 284.54
2017 303.20 348.55
2018 303.03 341.11
2019 326.17 344.81
2020 314.01 341.17
Figure KM32-5: Market price of eggs (L and M) in the period 2003–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 1238.62 1105.71
2004 1198.14 863.31
2005 1153.27 860.82
2006 1173.56 957.26
2007 1191.96 1104.11
2008 1309.09 1132.08
2009 1249.63 1198.88
2010 1244.41 1116.77
2011 1288.40 1150.60
2012 1336.30 1623.50
2013 1439.10 1289.50
2014 1427.42 1275.67
2015 1414.11 1288.83
2016 1370.67 1134.69
2017 1410.65 1406.94
2018 1406.06 1326.67
2019 1381.56 1283.74
2020 1385.11 1278.13
Figure KM32-6: Market price of bread wheat in the period 2005–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2005 123.02 114.16
2006 128.88 128.10
2007 193.31 191.59
2008 217.93 204.04
2009 146.53 129.89
2010 167.03 158.56
2011 247.80 221.23
2012 227.62 225.70
2013 219.59 213.48
2014 192.32 182.24
2015 189.24 174.95
2016 162.04 152.53
2017 170.91 162.74
2018 189.27 175.65
2019 193.89 180.83
2020 180.89 184.62
Figure KM32-7: Market price of feed maize in the period 2005–2020
Sources:

AAMRD, 2021; European Commission, 2021; calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2005 102.97 119.70
2006 113.23 134.53
2007 180.93 187.69
2008 188.23 190.92
2009 121.29 130.26
2010 155.75 165.26
2011 218.39 221.37
2012 208.64 219.97
2013 219.18 204.14
2014 169.13 165.52
2015 141.62 158.10
2016 153.51 159.99
2017 161.05 162.62
2018 163.78 166.28
2019 148.87 163.38
2020 144.06 170.18

Goals

  • Ensuring high food safety and quality standards.
  • Fair income (to farmers).
  • Stable income (of farmers).
  • Strengthening of the agri-food chains and improvement of the farmers’ position in these chains.
  • Preserving the production potential and the area of the agricultural land.

Agriculture is an economic activity with specific characteristics defined by strong dependence on natural factors, relatively high immobility of production factors, characteristics of supply and demand in agricultural markets with increasing instability of global agricultural markets and special social interest in the state and development of agriculture. Achieving the long-term strategic goals is possible only in stable economic conditions for farming.

Market prices of agricultural products in Slovenia are mainly influenced by the market prices in major producer countries or the countries in the region. In most cases, market prices are at the similar level to or slightly below the EU average. In the case of livestock products, market price fluctuations are mainly due to the political situation in the world and thus a reflection of global demand for products, and further also partly to fluctuations in feed prices (poultry and pig farming) and other production costs. Fluctuations in the prices of crop products are mostly conditioned by the conditions for crop production in wider areas and thus the available quantities, and to a lesser degree by the fluctuation of input prices (fuel, fertilizers, etc.).

In the case of beef, Slovenian market prices are consistently lower than the average EU prices. Beef prices were on the rise until 2012, followed by a period of stagnation. Since 2018, beef prices have been falling. In the case of pigs, the prices of fattening pigs were above the European average for two years after Slovenia's accession to the EU (2004), and then below the EU average until 2014. In 2014, the market prices of fattening pigs in the EU decreased more intensely than in Slovenia, therefore since then the level of market prices in Slovenia has been above the EU average. Due to the regional limitations of the broiler meat market, the average market prices are consistently above the EU average, but they are adjusting to price movements in European markets and are rising despite the occasional fluctuations. Similar to broiler meat, the average market price of eggs in Slovenia is generally above the EU average. Milk market prices also follow the trends in milk prices of major producers in Europe. It is characteristic of Slovenia that it belongs to the group of EU Member States with the lowest purchase price of milk in terms of the market price of milk.

Cereal prices to a large extent depend on the harvest, both in terms of quantity and quality. Thus, wheat and maize have also experienced significant price fluctuations between harvests (years). Price movements are also partly influenced by demand for cereals on the global markets and the movement of prices of raw materials such as oil and raw materials for the fertilizer production. For both cereals, the average market prices in Slovenia in the analyzed period are very close to the EU average.

For interpreting the fulfilment of the strategic developmental objectives of the Slovenian agriculture, besides the market prices, an assessment of other economic indicators, as well as of the volume of the agricultural production is also required. Among other, the most commonly reviewed economic indicators are production costs (in absolute terms), agricultural input price indices, cost-revenue parity, etc.

 


Methodology

Date of data source summarization
Other sources and literature

Resolucija o strateških usmeritvah razvoja slovenskega kmetijstva in živilstva do leta 2020 - »Zagotovimo.si hrano za jutri«. Uradni list RS, št. 25/11.
http://www.pisrs.si/Pis.web/pregledPredpisa?id=RESO80 (29. mar. 2021)

Resolucija o nacionalnem programu o strateških usmeritvah razvoja slovenskega kmetijstva in živilstva »Naša hrana, podeželje in naravni viri od leta 2021«. Uradni list RS, št. 8/2020.
https://www.uradni-list.si/1/objava.jsp?sop=2020-01-0203 (29. mar. 2021)