The frozen bovine meat market in Spain exhibited a consistent decline from 2012 to 2022, plummeting from 58.456 million kilograms in 2012 to 21.931 million kilograms in 2022. With year-on-year variations swinging from a minor increase in 2013 to a substantial decrease of -15.32% in 2019, the market has seen negative growth almost every year. Over the last five years, the compound annual growth rate (CAGR) averaged out to about -11.07%.
Particularly, the last two years observed a reduction of 10.24% in 2020 and 7.55% in 2021, emphasizing an enduring downward trend in the market volume. By 2023, the market continued to show contraction, following the trends from the data provided up to 2022.
Looking forward, future trends to watch for include possible shifts due to health-conscious consumer habits, potential increases in alternative protein sources, and economic factors affecting meat consumption. Additionally, market innovations and changes in trade policies could further influence the dynamics of the frozen bovine meat market in Spain. These factors could either mitigate or exacerbate the downward trend observed over the past decade.
How does Spain rank in Frozen Bovine Meat Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 282,500,000 | 2023 | -2.81% | -0.1% | View data |
| 2 | 2 Ireland | 92,319,000 | 2023 | +1.71% | +1.6% | View data |
| 3 | 3 United Kingdom | 88,229,000 | 2023 | +1.5% | +1.37% | View data |
| 4 | 4 Germany | 67,612,000 | 2023 | +5.97% | +3.13% | View data |
| 5 | 5 Sweden | 40,377,000 | 2023 | -0.18% | +0.26% | View data |
| 6 | 6 Spain | 25,748,000 | 2023 | -5.41% | -6.08% | |
| 7 | 7 Finland | 14,972,000 | 2023 | +3.77% | +0.54% | View data |
| 8 | 8 Denmark | 5,862,400 | 2023 | -1.99% | -1.47% | View data |
