Falls in beef, sheep, and goat meat production in the European Union

Published 2023년 11월 10일

Tridge summary

A report by AHDB predicts a decrease in beef production by 3.1% this year and an additional 1% drop in 2024. Per capita beef consumption is also expected to decrease by 3.5% this year. High domestic prices are anticipated to impact trade, making exports less competitive in international markets, but the EU may see an increase in beef imports by 2024. Sheep and goat meat production is projected to decrease by 1.8% this year, with a 1% decline estimated for next year. Sheep meat consumption, however, is expected to remain relatively stable in 2023 due to consumption during religious events, while exports are anticipated to decline by 10% compared to last year. Import of sheep meat is forecasted to increase by 10% in 2023, driven by New Zealand's competitive production and prices.

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

Original content

Thus, a 3.1% decrease in beef production is projected compared to last year, with an additional 1% drop forecast for 2024 and, similarly, a 1.8% reduction is expected. % in sheep and goat meat production, with a 1% decline estimated for next year, according to a report by AHDB. On the other hand, per capita beef consumption is expected to decrease by around 3.5%, reaching just under 10 kg. Another reduction is anticipated in 2024, although less pronounced (-1%). Regarding trade, it is expected that there will be a certain impact due to high domestic prices, making exports less competitive in international markets such as Japan and the United States. As far as beef is concerned, imports have declined and high domestic prices are expected to make the EU an attractive market for imports in 2024, with projected growth of 5%. . Similar trend in sheep and goats Regarding sheep, although its meat faces inflationary pressures similar to those of beef, its consumption remains ...

Source: Portaldelcampo