Prepared or preserved beef and offal market in Western Europe

Earlier Report Observations

The market for prepared or preserved beef and offal in Western Europe was valued at $969 million in 2018. It contracted to $836 million the following year before recovering to $929 million in 2020.

Market volume dipped slightly to $901 million in 2021, then expanded to $1.03 billion in 2022. Growth during this period was supported by the foodservice sector's significant reliance on imported beef, which supplied 55% of the channel's needs, indicating sustained out-of-home consumption demand.

The market continued its ascent, reaching $1.2 billion in 2023. This rise was facilitated by a looser global beef market with increased supply from major producers like Brazil and Australia, improving import affordability. Simultaneously, a continued shift in consumption toward the foodservice channel, which accounted for 27% of volumes, provided additional demand momentum.

Production prepared or preserved beef and offal in Western Europe

In kind, 2017-2020, t

Top producers of prepared or preserved beef and offal, 2017-2020

World map of production of prepared or preserved beef and offal, 2017-2020

Production of prepared or preserved beef and offal in Western Europe has declined for the third year in a row. In 2020, output reached 81 125 tonnes, showing minimal change from 2019. Looking at the period from 2017 to 2020, production fell by 3.2%, which translates to an average annual decrease of 1.1%.

Annual dynamics of production in Western Europe in kind, 2017-2020, t

In value, 2017-2020, M $ US

In 2020, the value of prepared or preserved beef and offal production in Western Europe stood at 966 million US dollars, marking a modest increase of 6.3% compared to 2019. From 2017 to 2020, production value rose by 6.6%, averaging 2.2% per year. The peak was recorded in 2018 at 1 041 million US dollars, with the largest annual increase of 14.9% that year, while 2019 saw the biggest drop of 12.6%.

Annual dynamics of production in Western Europe in value, 2017-2020, M $ US

Exports prepared or preserved beef and offal from Western Europe

Exports in kind, t

In 2020, exports of prepared or preserved beef and offal from Western Europe totaled 38 359 tonnes, reflecting a sharp decline of 47.4% from 2019. Over the 2017-2020 period, exports decreased by 56.7%, with a compound annual growth rate of -24.4%. The largest annual increase occurred in 2019 at 6.1%.

Annual dynamics of product's exports from Western Europe in kind, 2017-2020, t

From 2017 to 2020, Spain, the United Kingdom, and Italy were notable but not dominant buyers of prepared or preserved beef and offal from Western Europe. Spain accounted for 8.8% of exports in volume, the United Kingdom for 8.1%, and Italy for 6.7%, with their combined share reaching just 23.6% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Western Europe in kind, 2017-2020

Exports in value, M $ US

Exports of prepared or preserved beef and offal from Western Europe have fallen for the second consecutive year. In 2020, the value of these exports was 439.1 million US dollars, down 5.2% from 2019. The highest value was recorded in 2018 at 481.3 million US dollars, which also saw the largest annual increase of 7.5%.

Annual dynamics of product's exports from Western Europe in value, 2017-2020, M $ US

Between 2017 and 2020, exports of prepared or preserved beef and offal from Western Europe were widely distributed across markets. The United Kingdom, Italy, and Spain together accounted for only 22.8% of total export value, with shares of 9.5%, 6.7%, and 6.6%, respectively.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Western Europe in value, 2017-2020

Imports prepared or preserved beef and offal to Western Europe

Imports in kind, t

Imports of prepared or preserved beef and offal into Western Europe have decreased for the third year in a row. In 2020, import volumes reached approximately 48 948 tonnes, showing a substantial drop of 21.4% compared to 2019. From 2017 to 2020, imports fell by 28.3%, averaging a 10.5% annual decline.

Annual dynamics of product's imports to Western Europe in kind, 2017-2020, t

During 2017-2020, imports of prepared or preserved beef and offal into Western Europe were not heavily concentrated. Brazil, Poland, and Ireland were the top sources, with shares of 14.6%, 10.3%, and 6.8% of import volume, respectively, but together they made up only 31.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Western Europe in kind, 2017-2020

Imports in value, M $ US

In 2020, Western Europe imported prepared or preserved beef and offal worth 402.0 million US dollars, a slight improvement of 3.2% from 2019. Over the 2017-2020 period, import value increased by 11.2%, with a compound annual growth rate of 3.6%. The peak was in 2018 at 409.7 million US dollars, which also saw the largest annual increase of 13.4%, while 2019 experienced the biggest decline of 5.0%.

Annual dynamics of product's imports to Western Europe in value, 2017-2020, M $ US

From 2017 to 2020, imports of prepared or preserved beef and offal into Western Europe came from many different markets. Even the largest suppliers—Brazil, Poland, and Ireland—together represented only 31.6% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Western Europe in value, 2017-2020