EU: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the EU

The EU meat meals and pellets market expanded remarkably to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the EU

In value terms, meat meals and pellets production shrank to $X in 2023 estimated in export price. 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 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2022, and then contracted in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in the EU

After three years of growth, overseas shipments of flours, meals and pellets of meat or meat offal decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, meat meals and pellets exports shrank modestly to $X in 2023. Overall, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank modestly in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), France (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons) and Belgium (X tons), together amounting to X% of total export. The following exporters - Ireland (X tons), Denmark (X tons), Austria (X tons), Portugal (X tons), Hungary (X tons) and the Czech Republic (X tons) - together made up X% of total exports.

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

In value terms, Poland ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. The Netherlands, France, Italy, Belgium, Ireland, Denmark, Portugal, Hungary, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Export price indicated perceptible growth 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, meat meals and pellets export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in the EU

In 2023, meat meals and pellets imports in the European Union shrank to X tons, waning by X% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, meat meals and pellets imports shrank modestly to $X in 2023. Total imports indicated a strong 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 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then reduced slightly in the following year.

Imports by Country

In 2023, France (X tons), Italy (X tons), Germany (X tons) and the Netherlands (X tons) represented the key importer of flours, meals and pellets of meat or meat offal in the European Union, generating X% of total import. It was distantly followed by the Czech Republic (X tons), Belgium (X tons), Hungary (X tons) and Greece (X tons), together making up a X% share of total imports. The following importers - Spain (X tons), Lithuania (X tons), Sweden (X tons), Slovakia (X tons) and Poland (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Italy, the Czech Republic, Greece, Hungary, Belgium, Spain, Poland, Slovakia, Lithuania and Sweden lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, approximately mirroring the previous year. Import price indicated prominent growth 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, meat meals and pellets import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform