Portugal: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Portugal

In 2023, the Portuguese fresh beef carcase market increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Fresh Beef Carcase Production in Portugal

In value terms, fresh beef carcase production declined to $X in 2023 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2022, and then fell modestly in the following year.

Fresh Beef Carcase Exports

Exports from Portugal

In 2023, shipments abroad of fresh or chilled carcases of beef and veal decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, fresh beef carcase exports amounted to $X in 2023. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for fresh beef carcase exports from Portugal, accounting for a X% share of total exports. Moreover, fresh beef carcase exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Spain ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh beef carcase export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Portugal

In 2023, supplies from abroad of fresh or chilled carcases of beef and veal increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, fresh beef carcase imports expanded remarkably to $X in 2023. Over the period under review, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of fresh beef carcase to Portugal, with a X% share of total imports. Moreover, fresh beef carcase imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Portugal, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average fresh beef carcase import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and France ($X per ton), while the price for Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform