Tridge summary
In 2022, Wales saw a significant growth in its lamb and beef exports, reaching a value of £250 million, as per analysis of HM Revenue and Customs trade data. Welsh lamb exports, worth £171.5 million, experienced an increase in their largest European markets, France, Germany, and Belgium. Beef exports also surged by nearly 50%, generating £75.6 million. This growth in red meat exports, particularly to the Middle East, is seen as vital amidst declining domestic demand in the UK and rising cost-of-living expenses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The value of lamb and beef exports from Wales hit the £250 million mark in 2022, according to analysis of HM Revenue and Customs (HMRC) trade data by Hybu Cig Cymru – Meat Promotion Wales (HCC). Welsh lamb exports were worth £171.5 million in 2022, with exports to the largest European partners – France, Germany and Belgium – all up on 2021 figures, with the French market worth an estimated £77 million to Welsh sheep farmers. Beef exports from Wales jumped by nearly 50% last year – from £50.9 million in 2021 to £75.6 million. Head of supply chain delivery at HCC, Jon Parker, said the export figures were “really encouraging” and the HCC was glad to see growth in priority markets for Welsh red meat. “We’re leading the way as global trade returns to a more normal pattern after the Covid-19 disruption,” he said. Advertisement Parker said hard work was done by the industry to ensure that emerging markets in the Middle East bounced back after the pandemic. This was achieved, he said, as ...
Source: UKAgriLand
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