Denmark: Preserved Beef Market 2024

Preserved Beef Market Size in Denmark

After four years of growth, the Danish preserved beef market decreased by -56.1% to $X in 2021. Over the period under review, consumption showed a deep slump. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Preserved Beef Production in Denmark

In value terms, preserved beef production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. Preserved beef production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Preserved Beef Exports

Exports from Denmark

In 2021, overseas shipments of beef and veal (salted, in brine, dried or smoked) decreased by -57.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a perceptible decline. The pace of growth was the most pronounced in 2019 with an increase of 61% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved beef exports reduced notably to $X in 2021. Over the period under review, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2019 with an increase of 46%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of preserved beef exports from Denmark, together comprising 83% of total exports. Germany, North Macedonia, France, Belgium, the UK and Portugal lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +94.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved beef exported from Denmark were Italy ($X), Spain ($X) and Sweden ($X), with a combined 82% share of total exports. These countries were followed by Germany, France, Belgium, North Macedonia, the UK and Portugal, which together accounted for a further 14%.

France, with a CAGR of +118.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved beef export price amounted to $X per ton, increasing by 2.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to North Macedonia ($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 Belgium (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into Denmark

After six years of growth, overseas purchases of beef and veal (salted, in brine, dried or smoked) decreased by -62% to X tons in 2021. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted rapidly in the following year.

In value terms, preserved beef imports dropped notably to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Imports peaked at $X in 2020, and then dropped sharply in the following year.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of preserved beef to Denmark, with a 62% share of total imports. Moreover, preserved beef imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Finland amounted to +213.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-21.6% per year) and the Netherlands (-12.3% per year).

In value terms, Finland ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Denmark, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Finland stood at +189.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-12.5% per year) and Germany (-21.6% per year).

Import Prices by Country

In 2021, the average preserved beef import price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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