EU: Preserved Beef Market 2024

Preserved Beef Market Size in the EU

The EU preserved beef market expanded markedly to $X in 2021, picking up by 11% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Beef Production in the EU

In value terms, preserved beef production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports in the EU

In 2021, shipments abroad of beef and veal (salted, in brine, dried or smoked) decreased by -38.9% to X tons, falling for the second year in a row after four years of growth. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 31% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved beef exports fell modestly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Italy (X tons) represented the major exporter of beef and veal (salted, in brine, dried or smoked), constituting 32% of total exports. Ireland (X tons) ranks second in terms of the total exports with a 12% share, followed by the Netherlands (11%), Poland (8.2%), Denmark (6.6%), Belgium (6.5%), Spain (6.1%) and France (5.4%). Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved beef exports from Italy stood at +3.9%. At the same time, Ireland (+45.9%), France (+14.1%), Spain (+13.0%), Poland (+9.6%) and Belgium (+1.4%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +45.9% from 2012-2021. By contrast, Denmark (-2.3%), Germany (-11.7%) and the Netherlands (-22.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, Ireland, Poland, Spain, France, Belgium and Denmark increased by +18, +12, +6, +4.8, +4.4, +2.9 and +1.6 percentage points, respectively.

In value terms, Italy ($X) remains the largest preserved beef supplier in the European Union, comprising 49% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.9% share of total exports. It was followed by France, with a 7% share.

In Italy, preserved beef exports increased at an average annual rate of +4.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-12.5% per year) and France (+13.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 58% against the previous year. Over the period under review, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Ireland ($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 Netherlands (+13.0%), while the other leaders experienced more modest paces of growth.

Preserved Beef Imports

Imports in the EU

In 2021, after three years of growth, there was significant decline in purchases abroad of beef and veal (salted, in brine, dried or smoked), when their volume decreased by -8.4% to X tons. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, preserved beef imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Spain (X tons) and France (X tons) represented the key importers of beef and veal (salted, in brine, dried or smoked) in 2021, finishing at near 24% and 22% of total imports, respectively. Denmark (X tons) took the next position in the ranking, followed by Belgium (X tons), Austria (X tons), Germany (X tons) and Romania (X tons). All these countries together took near 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in the European Union, comprising 39% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by Germany, with a 10% share.

In France, preserved beef imports expanded at an average annual rate of +2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+20.1% per year) and Germany (-9.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, jumping by 23% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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