The beef meat production in Spain stood at 711.93 thousand metric tons in 2023. Historical data shows a fluctuating trend with both growth and declines. Between 2013 and 2023, the average annual growth rate (CAGR) was around 1.25%. The beef production experienced a significant decline in 2020, followed by a notable recovery in 2021. Recent years have shown modest growth, with year-on-year percentage increases of 0.91% in 2022 and 0.88% in 2023.
Looking forward, beef production is forecasted to grow steadily, reaching approximately 744.36 thousand metric tons by 2028. The forecasted 5-year compound annual growth rate (CAGR) is 0.7%, indicating a moderate but consistent increase in production, with a cumulative growth rate of 3.56% over this period.
Future trends to watch for:
- Impact of climatic changes on cattle farming.
- Changes in consumer preferences towards alternative proteins.
- Shifts in trade policies affecting beef exports and imports.
- Technological advancements in livestock management and feed efficiency.
