Eastern Europe: Preserved Beef Market 2024

Preserved Beef Market Size in Eastern Europe

In 2022, the East European preserved beef market increased by X% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption, however, showed a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Preserved Beef Production in Eastern Europe

In value terms, preserved beef production rose markedly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Beef Exports

Exports in Eastern Europe

In 2022, after two years of decline, there was significant growth in overseas shipments of beef and veal (salted, in brine, dried or smoked), when their volume increased by X% to X tons. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved beef exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland was the main exporter of beef and veal (salted, in brine, dried or smoked) in Eastern Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Lithuania (X%). The following exporters - the Czech Republic (X tons), Hungary (X tons) and Romania (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved beef exports from Poland stood at X%. At the same time, Russia (X%), the Czech Republic (X%), Lithuania (X%) and Romania (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia, Lithuania and the Czech Republic increased by X, X and X percentage points, respectively.

In value terms, Poland ($X) remains the largest preserved beef supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, preserved beef exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved beef export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Preserved Beef Imports

Imports in Eastern Europe

In 2022, approx. X tons of beef and veal (salted, in brine, dried or smoked) were imported in Eastern Europe; waning by X% against the previous year's figure. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved beef imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Romania (X tons) was the largest importer of beef and veal (salted, in brine, dried or smoked), committing X% of total imports. Slovakia (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%), Lithuania (X%) and the Czech Republic (X%). The following importers - Bulgaria (X tons) and Estonia (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Romania totaled X%. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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