Austria: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Austria

In 2021, the Austrian preserved cows meat market decreased by -12% to $X, falling for the second consecutive year after four years of growth. In general, consumption showed a mild decrease. Preserved cows meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Cows Meat Production in Austria

In value terms, preserved cows meat production reduced markedly to $X in 2021 estimated in export price. Overall, production recorded a mild decline. The growth pace was the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Preserved Cows Meat Exports

Exports from Austria

In 2021, overseas shipments of prepared or preserved meat or offal of bovine animals increased by 17% to X tons, rising for the second year in a row after five years of decline. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports surged to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for preserved cows meat exports from Austria, with a 46% share of total exports. Moreover, preserved cows meat exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+15.5% per year) and Hungary (+19.9% per year).

In value terms, Germany ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Austria, comprising 57% of total exports. The second position in the ranking was held by Sweden ($X), with a 15% share of total exports. It was followed by Hungary, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.6% per year) and Hungary (+21.6% per year).

Export Prices by Country

In 2021, the average preserved cows meat export price amounted to $X per ton, picking up by 5.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Austria

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into Austria skyrocketed to X tons, rising by 34% against the year before. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, preserved cows meat imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 2021, Germany (X tons) constituted the largest preserved cows meat supplier to Austria, with a 67% share of total imports. Moreover, preserved cows meat imports from Germany exceeded the figures recorded by the second-largest supplier, Ireland (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+133.0% per year) and the Netherlands (+22.3% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Austria, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.9% share of total imports. It was followed by Ireland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.6% per year) and Ireland (+102.7% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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