EU: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in the EU

After six years of growth, the EU preserved cows meat market decreased by -4.8% to $X in 2021. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Preserved Cows Meat Production in the EU

In value terms, preserved cows meat production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Preserved Cows Meat Exports

Exports in the EU

In 2021, the amount of prepared or preserved meat or offal of bovine animals exported in the European Union fell to X tons, approximately equating the year before. Over the period under review, exports saw a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of 7.8% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved cows meat exports expanded rapidly to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of prepared or preserved meat or offal of bovine animals, namely Germany, Poland and Ireland, represented more than half of total export. It was distantly followed by France (X tons), Belgium (X tons), Italy (X tons) and the Netherlands (X tons), together making up a 29% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +6.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preserved cows meat supplying countries in the European Union were Germany ($X), Ireland ($X) and Poland ($X), with a combined 54% share of total exports.

Poland, with a CAGR of +8.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Italy ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in the EU

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported in the European Union totaled X tons, remaining stable against the previous year. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 8.2% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved cows meat imports totaled $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of preserved cows meat imports in 2021 were Germany (X tons), France (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), Denmark (X tons), Sweden (X tons), the Czech Republic (X tons), Spain (X tons), Portugal (X tons), Austria (X tons) and Slovakia (X tons), together recording 84% of total import.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. Belgium, Italy, Denmark, Sweden, the Czech Republic, Austria, Portugal, Spain and Slovakia lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Slovakia, with a CAGR of +19.8%, recorded the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2021, growing by 8.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while Spain ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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