Spain: Meat Market 2024

Meat Market Size in Spain

In 2022, the Spanish meat market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Meat Production in Spain

In value terms, meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average meat yield in Spain shrank to X kg per head, almost unchanged from the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the yield increased by X% against the previous year. The meat yield peaked at X kg per head in 2021, and then fell slightly in the following year.

In 2022, number of animals slaughtered for meat production in Spain shrank slightly to X heads, remaining relatively unchanged against the previous year's figure. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. As a result, the number of animals produced attained the peak level of X heads, and then fell in the following year.

Meat Exports

Exports from Spain

In 2022, overseas shipments of meat decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, meat exports shrank to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted modestly in the following year.

Exports by Country

China (X tons), Italy (X tons) and France (X tons) were the main destinations of meat exports from Spain, with a combined X% share of total exports. Japan, Portugal, South Korea, the Philippines, Poland, Romania, the Czech Republic, the UK, Bulgaria and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Japan ($X) were the largest markets for meat exported from Spain worldwide, with a combined X% share of total exports. Italy, Portugal, South Korea, Poland, Romania, the Philippines, the Czech Republic, Germany, the UK and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Philippines, with a CAGR of X%, recorded 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 2022, the average meat export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Spain

In 2022, the amount of meat imported into Spain shrank modestly to X tons, leveling off at 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of meat imports to Spain, together comprising X% of total imports. France, Portugal, Italy, Denmark, Ireland, Brazil, Belgium, Hungary and Uruguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat suppliers to Spain were the Netherlands ($X), Germany ($X) and Poland ($X), together comprising X% of total imports. France, Portugal, Italy, Denmark, Brazil, Ireland, Uruguay, Belgium and Hungary lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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