In 2024, Estonia leads European countries in the Harmonized Index of Consumer Prices (HICP) for beef and veal, maintaining its highest value from 2015 levels. Hungary and Serbia follow closely. The year-on-year data from 2022 demonstrates notable growth in Hungary (14.08%), Latvia (9.37%), and Poland (11.04%). Over the past five years, fluctuations across countries reveal diverse trends, with some nations experiencing persistent gains while others remain stable.
Future trends to watch for in the European beef and veal market include:
- Potential shifts in consumer preferences toward alternative protein sources impacting traditional beef and veal consumption.
- Influence of sustainability initiatives across Europe, potentially affecting production costs and consumer pricing strategies.
- Macroeconomic factors like inflation and currency fluctuations, influencing the purchasing power and price stability in various countries.
Top countries in Beef and Veal HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 178.38 | 2022 | +37.16% | View data | |
| 2 | 2 Hungary | 165.66 | 2022 | +35% | +14.08% | View data |
| 3 | 3 Serbia | 162 | 2022 | +38.7% | View data | |
| 4 | 4 Latvia | 149.23 | 2022 | +23.09% | +9.37% | View data |
| 5 | 5 Poland | 147.3 | 2022 | +26.66% | +11.04% | View data |
| 6 | 6 Lithuania | 140.23 | 2022 | +26.79% | +5.98% | View data |
| 7 | 7 Sweden | 136.65 | 2022 | +13.61% | +5.96% | View data |
| 8 | 8 Slovakia | 136.53 | 2022 | +23.61% | View data | |
| 9 | 9 Romania | 136.01 | 2022 | +12.56% | View data | |
| 10 | 10 Kosovo | 135.24 | 2022 | +18.02% | View data |
