EU: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in the EU

The EU fresh beef carcase market expanded notably to $X in 2022, growing by 6.3% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Beef Carcase Production in the EU

In value terms, fresh beef carcase production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 16%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Fresh Beef Carcase Exports

Exports in the EU

For the fourth year in a row, the European Union recorded decline in shipments abroad of fresh or chilled carcases of beef and veal, which decreased by -0.3% to X tons in 2022. Overall, exports showed a mild shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 7.1%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh beef carcase exports stood at $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. The level of export peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Poland (X tons), France (X tons), the Netherlands (X tons), Spain (X tons) and Germany (X tons) was the key exporter of fresh or chilled carcases of beef and veal in the European Union, comprising 71% of total export. It was distantly followed by Belgium (X tons) and Italy (X tons), together making up a 13% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +5.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest fresh beef carcase supplying countries in the European Union were the Netherlands ($X), France ($X) and Spain ($X), together comprising 46% of total exports.

In terms of the main exporting countries, Spain, with a CAGR of +7.2%, recorded the highest rates of growth with regard to 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 export price in the European Union amounted to $X per ton, picking up by 10% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 18%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the other leaders experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports in the EU

In 2022, purchases abroad of fresh or chilled carcases of beef and veal increased by 1.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a slight descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fresh beef carcase imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) and the Netherlands (X tons) represented the largest importers of fresh or chilled carcases of beef and veal in the European Union, together resulting at approx. 48% of total imports. Germany (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by France (9.3%), Greece (7.8%), Portugal (6.5%) and Spain (4.6%). Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Portugal (with a CAGR of +2.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. Germany, Greece, Portugal, Spain and Belgium lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Belgium, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 17%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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