EU: Preserved Beef Market 2024

Preserved Beef Market Size in the EU

For the third consecutive year, the EU preserved beef market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Beef Production in the EU

In value terms, preserved beef production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports in the EU

In 2022, shipments abroad of beef and veal (salted, in brine, dried or smoked) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached 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 reached $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X tons), distantly followed by Ireland (X tons), Poland (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons) and France (X tons) were the key exporters of beef and veal (salted, in brine, dried or smoked), together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest preserved beef supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Ireland ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Preserved Beef Imports

Imports in the EU

In 2022, overseas purchases of beef and veal (salted, in brine, dried or smoked) decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved beef imports dropped to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Spain (X tons), distantly followed by France (X tons), Belgium (X tons) and Germany (X tons) represented the largest importers of beef and veal (salted, in brine, dried or smoked), together creating X% of total imports. Austria (X tons), Romania (X tons), Italy (X tons), Denmark (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Belgium, Romania, Denmark, Italy, Austria and Slovakia lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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