Belgium: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Belgium

The Belgian preserved cows meat market contracted to $X in 2021, with a decrease of -9.1% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.6% against 2019 indices. Preserved cows meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Preserved Cows Meat Production in Belgium

In value terms, preserved cows meat production shrank to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Preserved Cows Meat Exports

Exports from Belgium

After two years of decline, shipments abroad of prepared or preserved meat or offal of bovine animals increased by 2.8% to X tons in 2021. In general, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 with an increase of 8.8%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved cows meat exports stood at $X in 2021. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of preserved cows meat exports from Belgium, with a combined 85% share of total exports. The UK, Luxembourg, Bulgaria, Italy and Sweden lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +121.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Belgium, comprising 53% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.3% per year) and Germany (+2.7% per year).

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, increasing by 3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 5.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria ($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 the Netherlands (+1.5%), while the prices for the other major destinations experienced a decline.

Preserved Cows Meat Imports

Imports into Belgium

For the third year in a row, Belgium recorded decline in purchases abroad of prepared or preserved meat or offal of bovine animals, which decreased by -12% to X tons in 2021. Overall, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 18%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved cows meat imports shrank to $X in 2021. In general, imports saw a mild slump. The growth pace was the most rapid in 2018 with an increase of 19%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of preserved cows meat imports to Belgium, together comprising 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +6.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Brazil ($X) and Germany ($X) appeared to be the largest preserved cows meat suppliers to Belgium, together accounting for 65% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +10.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, increasing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 28% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Sweden ($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 Netherlands (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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