Spain: Preserved Beef Market 2024

Preserved Beef Market Size in Spain

In 2021, the Spanish preserved beef market increased by 18% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Preserved Beef Production in Spain

In value terms, preserved beef production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by 64% against the previous year. Preserved beef production peaked in 2021 and is likely to see gradual growth in the immediate term.

Preserved Beef Exports

Exports from Spain

In 2021, exports of beef and veal (salted, in brine, dried or smoked) from Spain surged to X tons, jumping by 79% on 2020 figures. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2016 with an increase of 107%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, preserved beef exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Poland (X tons) and France (X tons) were the main destinations of preserved beef exports from Spain, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +125.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for preserved beef exported from Spain worldwide, with a combined 67% share of total exports. These countries were followed by Poland, Belgium, Germany and the UK, which together accounted for a further 24%.

In terms of the main countries of destination, Poland, with a CAGR of +97.9%, saw the highest rates of growth with regard to 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

In 2021, the average preserved beef export price amounted to $X per ton, growing by 6.5% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved beef export price increased by +27.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 65% 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 immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 UK (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into Spain

Preserved beef imports into Spain skyrocketed to X tons in 2021, with an increase of 22% on the year before. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 73%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved beef imports surged to $X in 2021. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 78%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of preserved beef imports to Spain, with a combined 71% share of total imports. These countries were followed by Poland, Denmark, Italy and Belgium, which together accounted for a further 27%.

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 +122.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved beef suppliers to Spain were Germany ($X), the Netherlands ($X) and Austria ($X), together comprising 71% of total imports. These countries were followed by Denmark, Poland, Italy and Belgium, which together accounted for a further 27%.

In terms of the main suppliers, Poland, with a CAGR of +108.6%, recorded the highest growth rate of 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, picking up by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained 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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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