UK: Strong beef export growth in May

Published 2022년 7월 20일

Tridge summary

The article reports on the dynamic of UK's beef market over the past year and the first five months of 2022, highlighting noticeable trends in both export and import activities. Exports have seen a notable increase, particularly to France and the Netherlands, with the total volume up by 52% year-on-year, reaching 54,000 tonnes, and the total value nearly doubling to £222.3 million. On the other hand, imports have also risen, with a 22% increase compared to the same period in the previous year, totaling 98,100 tonnes, and bringing the total value to £498.4 million, marking a 47% increase year-on-year. The average price for both exports and imports has also increased significantly, with exports up by 25% and imports up by 20%. The period has also seen shifts in the volume share of different beef cuts.

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Original content

Export volumes increased mostly to France and the Netherlands year-on-year, with more also sent to Ireland and Spain. This outweighed lower shipments to Hong Kong and the Philippines for the month. For the year-to-date (Jan-May), shipments stood at 54,000 tonnes, up 52% compared to the same period a year ago. Growth came in all categories; boneless, bone-in and carcase. The total value of these shipments was £222.3 million, nearly double year-on-year, with the average export price up 25%. On the other hand, UK imported 19,700 tonnes of fresh and frozen beef in May, 3% less than the quantity imported in April, but 13% (2,300 tonnes) more compared to May 2021. Year-on-year, shipments increased mostly from Germany and Ireland, although more beef also came in from the Netherlands and France. These increases outweighed lower volumes from Uruguay, New Zealand, Italy and Spain. For the year-to-date (Jan-May), beef imports reached 98,100 ...

Source: EuroMeat