EU beef exports increase while imports fall

Published 2024년 10월 29일

Tridge summary

In the first half of 2024, the European Union saw a 17% increase in beef exports, totaling 41,600 tons, with Turkey being the primary market. There was also growth in exports to Algeria, Switzerland, and the Philippines. However, there was a 16% decrease in the export of live animals due to a shortage and difficulties in reaching certain markets. The EU beef market was less appealing for imports in the first half of 2024, with a 2.2% decline, especially from Brazil. The main EU partners are seeking more profitable markets elsewhere due to a tight global beef market. By the end of 2024, EU beef exports are projected to grow by 10%, while meat imports are expected to decrease by 2%.

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

Original content

Despite limited supply, EU beef exports increased in the first half of 2024 (+41 600 t or +17% year-on-year), according the most recent EU short-term outlook report. The Turkish market is the main driver (+28 100 t), next to growing exports to Algeria, Switzerland and the Philippines. By the end of 2024, EU exports are expected to increase by 10% year-on year. In the same period, EU exports of live animals declined by 16% year-on-year, due to a relative shortage of live animals and difficulties to reach some markets for geopolitical reasons. Overall, exports of live animals are expected to decrease by -2% in 2025 year-on-year. In 2024, the EU market remained less attractive for imports, with a decline of 2.2% in Jan-June year-on-year. Imports from Brazil decreased substantially (-15%), while imports from the UK were 0.2% down. The main EU partners, including South American countries, ...

Source: The Cattle Site