Spain: Preserved Cows Meat Market 2025

Preserved Cows Meat Market Size in Spain

In 2021, the Spanish preserved cows meat market decreased by -2.9% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a mild decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Preserved Cows Meat Production in Spain

In value terms, preserved cows meat production fell to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Preserved Cows Meat Exports

Exports from Spain

In 2021, overseas shipments of prepared or preserved meat or offal of bovine animals increased by 23% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 37%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, preserved cows meat exports skyrocketed to $X in 2021. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 57% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for preserved cows meat exports from Spain, with a 62% share of total exports. Moreover, preserved cows meat exports to Portugal exceeded the volume sent to the second major destination, France (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.0% per year) and the UK (+50.2% per year).

In value terms, Portugal ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Spain, comprising 57% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by the UK, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.5% per year) and the UK (+51.5% per year).

Export Prices by Country

In 2021, the average preserved cows meat export price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% 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 cows meat export price increased by +57.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ghana ($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 Portugal (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Spain

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into Spain reached X tons, increasing by 12% against 2020 figures. Overall, imports, however, recorded a noticeable downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved cows meat imports expanded to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 21%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest preserved cows meat supplier to Spain, accounting for a 36% share of total imports. Moreover, preserved cows meat imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Sweden (-1.8% per year).

In value terms, France ($X), Sweden ($X) and Portugal ($X) appeared to be the largest preserved cows meat suppliers to Spain, together comprising 54% of total imports. These countries were followed by Germany, Brazil, Ireland, the Netherlands, Belgium and the UK, which together accounted for a further 33%.

Among the main suppliers, Ireland, with a CAGR of +59.7%, 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 cows meat import price stood at $X per ton in 2021, with a decrease of -7.1% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% 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 cows meat import price decreased by -14.5% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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