Greece: Preserved Beef Market 2024

Preserved Beef Market Size in Greece

The Greek preserved beef market surged to $X in 2023, jumping by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Preserved Beef Production in Greece

In value terms, preserved beef production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production recorded a pronounced increase. Preserved beef production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Preserved Beef Exports

Exports from Greece

Preserved beef exports from Greece contracted notably to X tons in 2023, waning by X% on 2022. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, preserved beef exports shrank slightly to $X in 2023. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for preserved beef exports from Greece, with a X% share of total exports. Moreover, preserved beef exports to Bulgaria exceeded the volume sent to the second major destination, the UK (X kg), twofold. Germany (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Greece, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2023, the average preserved beef export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into Greece

In 2023, supplies from abroad of beef and veal (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, preserved beef imports totaled $X in 2023. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Italy (X tons), Spain (X tons) and France (X tons) were the main suppliers of preserved beef imports to Greece, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and France ($X) appeared to be the largest preserved beef suppliers to Greece, together accounting for X% of total imports. Spain, Denmark, Bulgaria and Germany lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw 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

The average preserved beef import price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform