Greece: Preserved Beef Market 2024

Preserved Beef Market Size in Greece

The Greek preserved beef market soared to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a deep downturn. Preserved beef consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Preserved Beef Production in Greece

In value terms, preserved beef production declined to $X in 2022 estimated in export price. Overall, production recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Preserved Beef Exports

Exports from Greece

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. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, preserved beef exports declined significantly to $X in 2022. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for preserved beef exports from Greece, with a X% share of total exports. Moreover, preserved beef exports to Bulgaria exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Bulgaria ($X), the UK ($X) and Germany ($X) were the largest markets for preserved beef exported from Greece worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other 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, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export 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 suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Beef Imports

Imports into Greece

In 2022, supplies from abroad of beef and veal (salted, in brine, dried or smoked) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, preserved beef imports skyrocketed to $X in 2022. Overall, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of preserved beef imports to Greece, with a combined X% share of total imports. Spain, Germany, France and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Denmark ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest preserved beef suppliers to Greece, with a combined X% share of total imports. Spain, France, Belgium and Germany lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed tangible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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