Italy: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Italy

In 2021, after two years of growth, there was significant decline in the Italian preserved cows meat market, when its value decreased by -47.3% to $X. Over the period under review, consumption, however, continues to indicate a perceptible expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Preserved Cows Meat Production in Italy

In value terms, preserved cows meat production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 103% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Preserved Cows Meat Exports

Exports from Italy

In 2021, preserved cows meat exports from Italy totaled X tons, surging by 12% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X tons), Cuba (X tons) and Congo (X tons) were the main destinations of preserved cows meat exports from Italy, with a combined 47% share of total exports. These countries were followed by Ghana, Germany, Switzerland, the UK, Cote d'Ivoire, Malta, France and Togo, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +31.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved cows meat exported from Italy were Germany ($X), Switzerland ($X) and Angola ($X), together comprising 48% of total exports. These countries were followed by the UK, Cuba, France, Malta, Congo, Ghana, Cote d'Ivoire and Togo, which together accounted for a further 37%.

In terms of the main countries of destination, the UK, with a CAGR of +30.3%, recorded the highest growth rate of 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

The average preserved cows meat export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Congo ($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 France (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Italy

In 2021, approx. X tons of prepared or preserved meat or offal of bovine animals were imported into Italy; falling by -9.2% on the year before. Over the period under review, imports showed a pronounced setback. The pace of growth was the most pronounced in 2016 when imports increased by 12%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports reduced to $X in 2021. In general, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 16%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of preserved cows meat imports to Italy, with a combined 74% share of total imports. These countries were followed by Sweden, Ireland, the Netherlands, Slovenia and Austria, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +78.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), France ($X) and Germany ($X) were the largest preserved cows meat suppliers to Italy, together comprising 78% of total imports. Slovenia, Sweden, the Netherlands, Ireland and Austria lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, Slovenia, with a CAGR of +85.7%, saw 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 2021, the average preserved cows meat import price amounted to $X per ton, picking up by 8.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 10%. The import price peaked at $X per ton in 2012; however, from 2013 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 Slovenia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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