Greece: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Greece

The Greek preserved cows meat market surged to $X in 2021, picking up by 26% against the previous year. Overall, consumption, however, saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Cows Meat Production in Greece

In value terms, preserved cows meat production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Cows Meat Exports

Exports from Greece

Preserved cows meat exports from Greece skyrocketed to X tons in 2021, surging by 22% on 2020. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, preserved cows meat exports soared to $X in 2021. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The UK (X tons), Cyprus (X tons) and Germany (X tons) were the main destinations of preserved cows meat exports from Greece, together accounting for 58% of total exports. These countries were followed by Romania, Cote d'Ivoire, Italy, Sweden, France, Latvia, Bulgaria and Belgium, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +416.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved cows meat exported from Greece were the UK ($X), Germany ($X) and Cyprus ($X), with a combined 63% share of total exports. These countries were followed by Italy, Sweden, Latvia, Romania, France, Belgium, Bulgaria and Cote d'Ivoire, which together accounted for a further 28%.

Latvia, with a CAGR of +424.6%, 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

The average preserved cows meat export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Cote d'Ivoire ($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 (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Greece

In 2021, purchases abroad of prepared or preserved meat or offal of bovine animals decreased by -5.5% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of 50%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, preserved cows meat imports fell to $X in 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of preserved cows meat to Greece, with a 38% share of total imports. Moreover, preserved cows meat imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.2% per year) and Bulgaria (+26.4% per year).

In value terms, the largest preserved cows meat suppliers to Greece were France ($X), Bulgaria ($X) and Italy ($X), with a combined 73% share of total imports. These countries were followed by Germany, Spain, Poland, the Netherlands, Ireland and Serbia, which together accounted for a further 25%.

Serbia, with a CAGR of +59.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, shrinking by -4.9% against the previous year. Over the period under review, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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