Spain: Significant drop in live bovine exports in 2022 due to the rise in prices

Published 2023년 3월 21일

Tridge summary

Spanish live bovine exports saw a 31.3% decrease in 2022 compared to the previous year, largely due to a surge in animal prices. The exports, which amounted to 69,920 tons, had a value of 239.2 million euros, marking a 10.6% decrease from 2021. The drop was observed across most export destinations, with the exception of Egypt. On the other hand, beef exports in the country experienced growth, reaching 222,797 tons, a 7.6% increase from 2021, and generating 1,212.3 million euros, a 38.3% increase from the previous year. Despite the rise in prices, imports of both live cattle and beef into Spain also saw an increase in 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spanish live bovine exports registered a 31.3% drop last year compared to 2021, mainly due to the rise in the price of animals. According to data from the Ministry of Agriculture, foreign sales stood at the equivalent of 69,920 tons, compared to just over 100,000 tons in 2021 and 121,500 tons in 2020. The value of these exports was 239.2 million euros, a 10.6% less than in 2021. This decrease in exports affected practically all destinations for Spanish live cattle, except Egypt. In the case of Lebanon, the first market, the fall was 15%; shipments to Italy fell 21.4% and shipments to Libya were down 38.9%. Responsible for the interprofessional of beef cattle, PROVACUNO, have indicated that this evolution is a consequence of the rise in the price of animals. They also add that shipments to Algeria and Turkey were practically nil; in the case of Algeria due to the closure of the country's borders after the change of position of the Spanish Government on the Sahara; in Turkey because ...

Source: Agropopular