EU: Beef Market 2024

Beef Market Size in the EU

In 2022, the EU beef market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beef Production in the EU

In value terms, beef production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. 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 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were France (X tons), Germany (X tons) and Italy (X tons), together accounting for X% of total production. Spain, Ireland, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

The average beef yield totaled X kg per head in 2022, therefore, remained relatively stable against 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the beef yield attained the maximum level at X kg per head in 2020; however, from 2021 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for beef production in the European Union fell modestly to X heads, standing approx. at 2021. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2022, producing animals remained at a lower figure.

Beef Exports

Exports in the EU

In 2022, shipments abroad of beef (cattle meat) increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, beef exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Ireland (X tons), Poland (X tons), Germany (X tons), Spain (X tons) and France (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Italy (X tons) and Belgium (X tons), together generating a X% share of total exports.

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

In value terms, the Netherlands ($X), Ireland ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Germany, France, Spain, Italy and Belgium lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Ireland ($X per ton), while Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Beef Imports

Imports in the EU

In 2022, beef imports in the European Union rose markedly to X tons, picking up by X% against the previous year. In general, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, beef imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), Italy (X tons), Germany (X tons) and France (X tons) was the major importer of beef (cattle meat) in the European Union, constituting X% of total import. Portugal (X tons) ranks next in terms of the total imports with a X% share, followed by Spain (X%) and Greece (X%). Sweden (X tons), Denmark (X tons), Belgium (X tons), Austria (X tons) and the Czech Republic (X tons) held a little share of total imports.

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

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. France, Spain, Portugal, Greece, Sweden, Denmark, Belgium, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Czech Republic, 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

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Germany ($X per ton), while the Czech Republic ($X per ton) and Greece ($X per ton) were 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :