Global Preserved Beef Market 2024

Preserved Beef Market Size

For the third year in a row, the global preserved beef market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is likely to continue growth in years to come.

Preserved Beef Production

In value terms, preserved beef production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

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Preserved Beef Exports

Exports

In 2022, overseas shipments of beef and veal (salted, in brine, dried or smoked) were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, preserved beef exports dropped to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Malaysia (X tons), distantly followed by Italy (X tons), India (X tons), Ireland (X tons), Hong Kong SAR (X tons), Switzerland (X tons) and Poland (X tons) were the largest exporters of beef and veal (salted, in brine, dried or smoked), together creating X% of total exports. The following exporters - Brazil (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), Canada (X tons) and France (X tons) - together made up X% of total exports.

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

In value terms, Italy ($X), Switzerland ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. India, Spain, the Netherlands, Belgium, Hong Kong SAR, France, Poland, Ireland, Brazil and Canada lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average preserved beef export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, export price indicated a notable increase 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 2013 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The global export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while Malaysia ($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 global leaders experienced more modest paces of growth.

Preserved Beef Imports

Imports

In 2022, supplies from abroad of beef and veal (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, preserved beef imports soared to $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Hong Kong SAR was the key importing country with an import of about X tons, which accounted for X% of total imports. Spain (X tons) ranks second in terms of the total imports with a X% share, followed by France (X%) and Belgium (X%). Angola (X tons), Germany (X tons), Austria (X tons), Romania (X tons), Italy (X tons) and Switzerland (X tons) held a relatively small share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) imports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), Belgium (X%), Spain (X%), Italy (X%), Switzerland (X%) and France (X%) displayed positive paces of growth. By contrast, Germany (X%), Austria (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.), Spain (X p.p.), Belgium (X p.p.) and Romania (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Austria (X p.p.), Germany (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved beef importing markets worldwide were Hong Kong SAR ($X), France ($X) and Spain ($X), together comprising X% of global imports.

Among the main importing countries, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Global import price peaked at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per ton), while Belgium ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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