United Kingdom: Monthly beef trade increases but remains subdued during the year

Published 2023년 5월 22일

Tridge summary

UK beef import and export data for March:
- Imported 19,170 tonnes of fresh and frozen beef, a 19.0% increase from February
- Year-on-year (YOY) imports decreased by 2,780 tonnes due to reduced shipments from Ireland, the Netherlands, and especially Germany
- Exported 8,950 tonnes of fresh and frozen beef, with an increase in shipments to the EU, but a decrease in shipments to the Netherlands and Germany
- Year-on-year (YOY) export volumes saw a significant drop, with fresh exports down by 25.9% and frozen exports down by 40.2%
- The decline in exports to the EU, along with a decrease in exports to Asia, was partly balanced by increased exports to Canada, unless it had no beef imports for the second month in a row

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

Original content

According to the latest HMRC trade data, UK fresh and frozen beef imports came to 19,170 tonnes in March. Compared to February this was a month-on-month (MOM) increase of 19.0% (3,060 tonnes). Whilst all product categories saw MOM increases, increased imports of fresh and frozen boneless beef drove the overall trend, increasing by 1,820 tonnes (20.6%) and 1,080 tonnes (21.8%) respectively MOM. Year-on-year (YOY), imports were down by 2,780 tonnes as both fresh and frozen imports eased on the year by 970 tonnes (-6.9%) and 1,820 tonnes (-22.7%) respectively. This was due to drops to imports from Ireland and the Netherlands, and most notably from Germany where shipped volumes fell by 69.2% (-1,240 tonnes) YOY. Whilst imports of fresh beef continue to dominate total beef imports making up around two thirds of beef import volumes, frozen imports saw a much larger YOY drop overall. This was driven by declines to frozen boneless beef volumes, specifically from Ireland (-550 tonnes, ...

Source: Ahdb