Over the past decade, the frozen bovine meat market in Germany has seen significant fluctuations. From 2012 to 2015, there was substantial growth, peaking in 2015 with a year-on-year increase of 27.93%. Mid-decade, the market experienced a slight decline with a -6.46% change in 2016, followed by modest year-on-year growth in 2017 and 2018 at 1.87% and 1.83%, respectively. From 2019 to 2020, the market saw consecutive year-on-year declines of -1.65% and -1.67%. However, from 2021 to 2022, the market rebounded slightly with increases of 4.7% and 2.48%, respectively.
The Compound Annual Growth Rate (CAGR) provides a clearer picture over the last five years:
- 2013 to 2014: 13.33%
- 2014 to 2015: 17.01%
- 2015 to 2016: 13.63%
- 2017 to 2018: 9.64%
- 2018 to 2019: 4.07%
- 2019 to 2020: -1.26%
- 2020 to 2021: 0.99%
- 2021 to 2022: 1.11%
Looking ahead, the market is forecasted to continue experiencing moderate growth through 2024. Key trends to watch for include shifts in consumer preferences towards sustainable and ethically sourced meats, advancements in cold chain logistics, and potential impacts of regulatory changes on imports and exports.
How does Germany 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% | |
| 5 | 5 Sweden | 40,377,000 | 2023 | -0.18% | +0.26% | View data |
| 6 | 6 Spain | 25,748,000 | 2023 | -5.41% | -6.08% | View data |
