Ireland: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Ireland

For the third year in a row, the Irish preserved cows meat market recorded growth in sales value, which increased by 293% to $X in 2021. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Preserved Cows Meat Production in Ireland

In value terms, preserved cows meat production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% 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 2013 with an increase of 32%. Preserved cows meat production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports from Ireland

For the fourth year in a row, Ireland recorded decline in overseas shipments of prepared or preserved meat or offal of bovine animals, which decreased by -38% to X tons in 2021. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 19% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports reduced dramatically to $X in 2021. In general, exports saw a pronounced setback. The pace of growth was the most pronounced in 2014 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for preserved cows meat exports from Ireland, accounting for a 48% share of total exports. Moreover, preserved cows meat exports to the UK exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.2% per year) and Denmark (+8.8% per year).

In value terms, the UK ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Ireland, comprising 61% of total exports. The second position in the ranking was held by France ($X), with an 8.6% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.4% per year) and Germany (+35.0% per year).

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, surging by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 the Netherlands (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Ireland

In 2021, supplies from abroad of prepared or preserved meat or offal of bovine animals decreased by -27.4% to X tons, falling for the second consecutive year after five years of growth. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 39% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved cows meat imports rose slightly to $X in 2021. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 27%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest preserved cows meat supplier to Ireland, accounting for a 84% share of total imports. Moreover, preserved cows meat imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Sweden (-2.1% per year).

In value terms, the UK ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Ireland, comprising 83% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by the Netherlands, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and the Netherlands (+17.3% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, jumping by 43% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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