Scandinavia: Preserved Beef Market 2025

Preserved Beef Market Size in Scandinavia

The Scandinavia preserved beef market fell to $X in 2021, waning by -6.1% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Preserved Beef Production in Scandinavia

In value terms, preserved beef production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 49%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Preserved Beef Exports

Exports in Scandinavia

In 2021, overseas shipments of beef and veal (salted, in brine, dried or smoked) decreased by -47.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved beef exports dropped notably to $X in 2021. In general, exports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 43%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Denmark represented the major exporter of beef and veal (salted, in brine, dried or smoked) in Scandinavia, with the volume of exports resulting at X tons, which was approx. 72% of total exports in 2021. It was distantly followed by Sweden (X tons), making up a 28% share of total exports.

Exports from Denmark decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Sweden (+14.9%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +14.9% from 2012-2021. While the share of Sweden (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-19.5 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest preserved beef supplier in Scandinavia, comprising 68% of total exports. The second position in the ranking was taken by Sweden ($X), with a 32% share of total exports.

In Denmark, preserved beef exports plunged by an average annual rate of -1.6% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 5.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 when the export price increased by 13% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%).

Preserved Beef Imports

Imports in Scandinavia

In 2021, after five 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 -59.4% to X tons. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 27%. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank notably in the following year.

In value terms, preserved beef imports contracted notably to $X in 2021. In general, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 19%. Over the period under review, imports hit record highs at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

Denmark prevails in imports structure, amounting to X tons, which was near 90% of total imports in 2021. It was distantly followed by Sweden (X tons), mixing up an 8.5% share of total imports.

Imports into Denmark decreased at an average annual rate of -5.2% from 2012 to 2021. Sweden (-1.3%) illustrated a downward trend over the same period. Sweden (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Denmark saw its share reduced by -2.5% from 2012 to 2021, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Scandinavia, comprising 79% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports.

In Denmark, preserved beef imports declined by an average annual rate of -6.0% over the period from 2012-2021.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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 Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.4%).

Source: IndexBox Platform