KAZALCI OKOLJA

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 poultry meat, pig meat and eggs 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 together with input prices the income position of the producers as well. The indicator shows the average annual market prices at purchasers (rules on the market information system) of the most important agricultural products in Slovenia and also comparing them with the EU average.


Charts

Figure KM32-1: Market price of young bulls - R3 in the period 2002–2023
Sources:

 AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia [EUR/t] EU average [EUR/t]
2002 2443.20 2675.10
2003 2438.20 2701.80
2004 2403.90 2688.50
2005 2732.50 2918.80
2006 2895.90 3158.20
2007 2903.40 3014.70
2008 3032.60 3195.80
2009 3007 3193.80
2010 2987.80 3195.70
2011 3360.70 3520.90
2012 3689.70 3837.30
2013 3557.80 3815.90
2014 3430.90 3676
2015 3497.40 3772.20
2016 3371.30 3674.80
2017 3425.70 3796.90
2018 3520.80 3794.80
2019 3459 3586
2020 3196.60 3534.40
2021 3389.20 3940
2022 4312 4954.60
2023 4802.40 4965.70
Figure KM32-2: Market price of fattening pigs - E class in the period 2002–2023
Sources:

AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2002 1485 1355.10
2003 1371.40 1272.60
2004 1370.90 1383.60
2005 1486.70 1390.40
2006 1478.60 1452.30
2007 1365.50 1351.70
2008 1501.60 1532.40
2009 1377.80 1422.20
2010 1368.50 1402.40
2011 1510.30 1531.90
2012 1683.80 1705.20
2013 1696.20 1754.80
2014 1634.30 1566
2015 1548.80 1395.80
2016 1562.30 1459.60
2017 1680.20 1607.10
2018 1560 1420.40
2019 1808.10 1690.70
2020 1737 1601.40
2021 1616.20 1429.90
2022 1999.10 1841.30
2023 2386.70 2277
Figure KM32-3: Market price of broilers in the period 2003–2023
Sources:

AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 1929.90 1444.10
2004 1898.10 1478.30
2005 1787 1492.50
2006 1715.80 1513
2007 1837.90 1757.90
2008 1961.40 1803
2009 1877.30 1696.70
2010 1925.60 1701
2011 2003.20 1870.40
2012 2023.40 1919.30
2013 2080.10 1949.40
2014 2004.40 1910.50
2015 1990.60 1868.70
2016 1938.70 1782.50
2017 1924.40 1864.90
2018 2119.50 1896.60
2019 2100.40 1883.40
2020 2079.30 1839
2021 2311.40 1998.50
2022 2892.40 2551.30
2023 3071.30 2713.80
Figure KM32-4: Market price of milk in the period 2003–2023
Sources:

AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 274.80 302
2004 266.10 295.50
2005 262.10 289.70
2006 264.30 279.70
2007 280.30 320.70
2008 329.80 346.90
2009 259 265.10
2010 268.50 305.60
2011 304.70 339.90
2012 301.40 326.70
2013 323 365.10
2014 346.70 371.70
2015 283.30 308.30
2016 252.80 284.50
2017 303.20 348.50
2018 303 341.10
2019 326.20 344.80
2020 314 341.20
2021 325.30 368.10
2022 455.10 502.10
2023 456.70 469.80
Figure KM32-5: Market price of eggs (L and M) in the period 2003–2023
Sources:

 AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2003 1238.60 1105.70
2004 1198.10 863.30
2005 1153.30 860.80
2006 1173.60 957.30
2007 1192 1104.10
2008 1309.10 1132.10
2009 1249.60 1198.90
2010 1244.40 1116.80
2011 1288.40 1150.60
2012 1336.30 1623.50
2013 1439.10 1289.50
2014 1427.40 1275.70
2015 1414.10 1288.80
2016 1370.70 1134.70
2017 1410.70 1434.10
2018 1406.30 1357.80
2019 1381.70 1291.60
2020 1401.50 1283.10
2021 1507.10 1305.40
2022 1689.70 1869.20
2023 2290 2342.60
Figure KM32-6: Market price of bread wheat in the period 2005–2023
Sources:

AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2005 123 114.20
2006 128.90 128.10
2007 193.30 191.60
2008 217.90 204
2009 146.50 129.90
2010 167 158.60
2011 247.80 221.20
2012 227.60 225.70
2013 219.60 213.50
2014 192.30 182.20
2015 189.20 174.90
2016 162 152.50
2017 170.90 162.70
2018 189.30 175.60
2019 193.90 180.80
2020 180.80 184.70
2021 234.40 230.90
2022 358.40 339.90
2023 263 245.80
Figure KM32-7: Market price of feed maize in the period 2005–2023
Sources:

AAMRD, 2024; European Commission, 2024

Note:

Calculations by AIS

Show data
Slovenia[EUR/t] EU average[EUR/t]
2005 103 119.70
2006 113.20 134.50
2007 180.90 187.70
2008 188.20 190.90
2009 121.30 130.30
2010 155.80 165.30
2011 218.40 221.40
2012 208.60 220
2013 219.20 204.10
2014 169.10 165.50
2015 141.60 158.10
2016 153.50 160
2017 161 162.60
2018 163.80 166.30
2019 148.90 163.40
2020 144.10 170.30
2021 211.60 235
2022 295.40 322.60
2023 239.40 244.80

Goals

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

Agriculture is an economic activity characterized by a strong dependence on natural factors, a relatively high immobility of production factors, characteristics of supply and demand on agricultural markets with frequent instabilities of global agricultural markets. Additionally, there is a significant social interest in the state and development of agriculture. Achieving long-term strategic goals is only possible under stable economic conditions for farming.

Market prices for agricultural products in Slovenia are mainly influenced by prices in major producing countries or in the regional countries. Generally, these prices are at a similar level or slightly below EU average; except for milk, where Slovenia is one of the EU Member States with a below-average market price. For livestock products, market price fluctuations are mainly due to the political situation in the world which affect the global demand for raw materials and products, but also partly to fluctuations in feed prices (poultry and pig farming) and other production costs. On the other hand, fluctuations in crop prices depend primarily on the conditions for crop production in larger areas and the quantities available, with a lesser impact from changesin input prices (fuel, fertilisers, etc.).

Slovenian market prices for beef are consistently lower than average EU prices. Beef prices increased until 2012, followed by a period of stagnation. Beef prices fell in 2019 and 2020, followed by a sharp rise in prices in 2021-2023.

In addition, for pigs, market prices for fattening pigs were above the European average for two years after Slovenia's accession to the EU (2004) but fell slightly below the EU average until 2014. In 2014, EU prices for fattening pigs fell more sharply than in Slovenia, resulting in Slovenia prices beening higher than the EU average sincethen. Market prices for pigs have fluctuated greatly from year to year, but a slight growth trend can be observed in the period 2010-2020. A significant increase in pig purchase prices can be observed in 2022 and 2023, after two consecutive years of falling prices. Furthermore, due to regional limitations of the broiler market, average market prices for broiler meat are consistently higher than EU average. However these prices adjust to European market trends and increase despite occasional fluctuations. Similarly the average market price of eggs in Slovenia is generally higher than EU average, with significant price increases for bothchicken meat and eggs observed in 2021. Market prices of milk also follow the trends of the 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.

Grain prices depend mainly on the harvest, both in terms of quantity and quality. Considerable price fluctuations between harvests (years) were also observed for wheat and maize. Price trends are also partly influenced by global demand for grain as well as by the prices for commodities such as oil, energy products and raw materials for the fertiliser production. The average market prices in Slovenia for wheat and maize are very close to the EU average in the period analyzed.

In order to interpret the achievement of economic strategic directions for the development of Slovenian agriculture, it is essential to analyse other economic indicators and production volumes in parallel with market prices. Among other economic indicators, production costs (in absolute terms), price indices for agricultural inputs, cost-revenue parity, etc. are the most frequently interpreted.


Methodology

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)