Italy: Preserved Beef Market 2024

Preserved Beef Market Size in Italy

The Italian preserved beef market rose markedly to $X in 2021, growing by 11% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Beef Production in Italy

In value terms, preserved beef production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of 28%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Preserved Beef Exports

Exports from Italy

In 2021, preserved beef exports from Italy skyrocketed to X tons, with an increase of 20% compared with the year before. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef exports soared to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of preserved beef exports from Italy, together accounting for 60% of total exports. These countries were followed by Spain, the UK, Bulgaria, Denmark, the Netherlands, Belgium, Sweden, Austria, the United Arab Emirates and Oman, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +84.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Switzerland ($X) constituted the largest markets for preserved beef exported from Italy worldwide, with a combined 65% share of total exports. These countries were followed by the UK, Belgium, Sweden, Denmark, Spain, Austria, the Netherlands, the United Arab Emirates, Bulgaria and Oman, which together accounted for a further 24%.

Oman, with a CAGR of +35.9%, saw the highest growth rate of the value of exports, among 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

In 2021, the average preserved beef export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($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 Germany (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into Italy

In 2021, after two 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 -24.5% to X tons. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 118%. Imports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, preserved beef imports declined notably to $X in 2021. In general, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 123%. Over the period under review, imports attained the maximum at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of preserved beef imports to Italy, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +52.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved beef suppliers to Italy were Poland ($X), the Netherlands ($X) and Spain ($X), together accounting for 68% of total imports. Germany, France, Belgium, Denmark, Switzerland and Ireland lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Belgium, with a CAGR of +56.5%, 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

The average preserved beef import price stood at $X per ton in 2021, declining by -4.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 32%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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